Price trend
According to the commodity market analysis system of SunSirs, the price of butyl acetate was 7,575 RMB/ton at the beginning of the month and 74,75 RMB/ton at the end of the month. The price decreased by 100 RMB/ton within the month, a decrease of 1.32%.
Analysis review
The domestic market for butyl acetate remained stable and declined in April. There was temporarily no plan for maintenance or production reduction of the butyl acetate unit, and there was little fluctuation in capacity utilization rate within the month. The market supply was stable, and the price of butyl acetate was mostly operating steadily. In early April, due to the impact of cost factors, the raw material n-butanol was consolidating at a low level, and the mentality of butyl acetate manufacturers was indecisive. The performance of the butyl ester market was weak, and trading prices slightly decreased.
Cost side: The price of raw material acetic acid had risen and fallen, while the market for n-butanol had fluctuated at a low level. The fluctuation of the cost side market had affected the market mentality. Downstream gas purchases were insufficient, and more follow-up was needed. 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 April 30th, the cost side price of butyl acetate in the market was weak, with limited support for butyl acetate. Downstream demand was average, and new market orders were insufficient. There was a lack of effective positive news on the market, and it is expected that the butyl acetate market will consolidate at a low level in the future. In the future, attention will be paid to the price execution of raw material acetic acid, n-butanol, and EA manufacturers.
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