SunSirs: On May 23rd, the Domestic Butyl Acetate Market Rose
May 24 2023 10:12:48 SunSirs (John)
Price trend
On May 23rd, the market for butyl acetate rose, with an increase of 1.97% compared to the previous day. The mainstream quotation range was between 7,400 to 7,600 RMB/ton.
Analysis review
The main reason for the increase was driven by the cost side. The upstream n-butanol market stopped falling and partially rose. Another raw material, acetic acid, had improved and continued to fluctuate at high levels. The cost transmission effect drove downstream butyl acetate to rise. However, the supply and demand fundamentals were still weak, and market transactions were not good. The enthusiasm of downstream entering the market was not high, and supply and demand maintained a basic balance.
Market outlook
The cost side benefits may be digested in the short term, while the supply and demand fundamentals were weak and difficult to improve. It is expected that butyl acetate lacks power to continue to rise. In the later stage, the market may continue to maintain an adjustment pattern.
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- 2023-08-29 SunSirs: The Price of Butyl Acetate Rose This Week (August 21-25)
- 2023-03-17 SunSirs: On March 16, the Domestic Butyl Acetate Market Rose Slightly
- 2023-03-03 SunSirs: On March 3, the Offer of Shandong Butyl Acetate was Raised
