SunSirs: The Price of Butyl Acetate Rose This Week (August 21-25)
August 29 2023 09:39:18 SunSirs (John)
Price trend
This week (8.21-25), the market for butyl acetate saw a significant increase, mainly due to cost driven factors. The upstream raw material n-butanol significantly increased. But the supply and demand side had not improved. According to the Commodity Analysis System of SunSirs, butyl acetate rose by 4.54% this week.
Analysis review
The cost side of butyl acetate had driven prices up, and the upstream n-butanol market had improved, with a strong price increase, with a cumulative increase of over 10% this week. Another raw material, acetic acid, had a stable market and continued to fluctuate at high levels, with a weekly increase of over 3%. The cost transmission effect drove downstream butyl acetate higher. However, the supply and demand fundamentals were still weak, and market transactions were not good. The enthusiasm for downstream market entry was not high, and supply and demand maintained a basic balance.
Market outlook
It is expected that the cost side positive factors may be fulfilled in the short term, while the weak supply and demand fundamentals will be difficult to improve. It is expected that butyl acetate lacks the driving force to continue rising. In the later stage, the adjustment pattern may continue to be maintained. As of August 25, the mainstream transaction price in the market was between 7,500-7,800 RMB/ton.
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- 2024-04-28 SunSirs: The Domestic Butyl Acetate Market Was Stable
- 2024-02-05 SunSirs: The Butyl Acetate Market Was Weakly Consolidating (January 29-February 2)
- 2023-05-24 SunSirs: On May 23rd, the Domestic Butyl Acetate Market Rose
- 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
