This week (5.20-5.24), the domestic butyl acetate market continued to operate weakly, mainly affected by demand and cost factors. Downstream purchasing was sluggish, with a bearish outlook on the future market. Upstream raw materials such as n-butanol and acetic acid were weak, and the confidence of butyl acetate manufacturers was insufficient. The performance of the butyl acetate market this week was quiet, with limited new orders and trading prices remaining at the level of last weekend. According to the commodity market analysis system of Business Society, the fluctuation of butyl acetate during the cycle is 0.
Market analysis: The prices of major butyl acetate manufacturers have fluctuated this week, with an upward range of 50-100 yuan/ton and a downward range of around 50 yuan/ton. The price of raw material acetic acid continues to decline, while the market for n-butanol is weak. The cost side market has affected the market mentality, resulting in insufficient downstream buying gas and limited new orders in the market. Manufacturers often ship according to demand, resulting in weak actual transactions. However, the operating rate of the butyl acetate industry remains low, and the price increase from manufacturers also has a boosting effect. Limited supply also supports prices. During the cycle, the market for butyl acetate will be observed, organized, and operated.
Market forecast: Currently, the trading in the butyl acetate market is slightly chaotic, with insufficient cost support. The downstream market is mainly bearish, and it is expected that the ethyl acetate market will remain stagnant and consolidate in the short term. In the future, attention will be paid to the price execution of raw materials such as acetic acid, n-butanol, and ethyl acetate manufacturers. At present, the mainstream transaction price in the market is between 7600-7880 yuan/ton.
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