Price trend

According to the commodity market analysis system of SunSirs, the price of butyl acetate was 7,475 RMB/ton at the beginning of the month and 7,475 RMB/ton at the end of the month. The price remained stable during the month, and remained unchanged compared to the previous month.

Analysis review

The domestic market for butyl acetate remained stable in May. There was temporarily no plan for equipment maintenance or production reduction in the butyl acetate unit. The market supply was stable within the month, and the quotations from butyl acetate enterprises were mostly stable in operation. In terms of raw materials, the price of acetic acid had fallen, resulting in weak support for butyl ester; The strong rise in the price of n-butanol had a positive impact on butyl acetate, leading to differentiated cost operations. The mentality of butyl acetate manufacturers was indecisive, and market trading prices fluctuated narrowly.

Cost side: The price of raw material acetic acid was weak and volatile, while the market for n-butanol was rising strongly. The fluctuation of the cost side market affected the market mentality, and downstream purchasing enthusiasm was not high. They often followed up on demand, and the industry was mainly bearish. Manufacturers were actively shipping, but actual transactions were limited. At the same time, the operating rate of the butyl acetate industry remained low, and the price increase from manufacturers also had a boosting effect. The market supply was limited, and the price of butyl acetate remained stable.

Market outlook

As of May 31st, the price of n-butanol, the raw material in the butyl acetate market, was relatively high, which put great pressure on the cost of butyl acetate. The price of acetic acid was relatively low, and its impact on butyl acetate was limited. Downstream demand was average, and there were insufficient new market transactions. There was a lack of effective benefits on the market, and it is expected that the butyl acetate market will remain stagnant and consolidating in the later stage. In the future, attention should be paid to the price execution of raw material acetic acid, n-butanol, and EA manufacturers.

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