SunSirs: The Butyl Acetate Market Was Weakly Consolidating (January 29-February 2)

Price trend

This week (1.29-2.2), the market for butyl acetate remained weak and stable, mainly due to weak supply and demand. The price of butyl acetate in the market did not improve this week, continuing the previous week's decline, and the market had been hovering at a low level. According to the Commodity Market Analysis System of SunSirs, the weekly decline of butyl acetate was 0.7%. The cost side was affected by the decline of acetic acid this week, the weak impact of n-butanol, and the lack of favorable market conditions. The supply and demand side maintained a weak balance, which constrained the price of butyl ester to break out of the independent market.

Analysis review

Most of the quotes from major manufacturers remained stable this week, with some manufacturers slightly lowering their prices, but not significantly, around 50 RMB/ton. The operating rate of enterprises was low, and the supply and demand was relatively balanced. The price of raw material acetic acid continued to rebound. According to the commodity market analysis system of SunSirs, the weekly decline was 1.5%, indicating an overall bearish cost situation. More importantly, due to the weak supply and demand side, the price of butyl ester had not emerged from the haze. Downstream procurement was mostly on demand, and manufacturers purchased when used it, making it difficult to increase transaction volume. However, the operating rate of the butyl acetate industry remained low, generally below 40%, and the price increase from manufacturers also had a boosting effect. Limited supply also supported prices.

Market outlook

It is expected that the market for butyl acetate will maintain an adjustment in a range in the near future, and prices may remain rigid and stable due to the impact of low plant operation. It is recommended to pay attention to the production status of raw material acetic acid, n-butanol, and butyl acetate manufacturers. As of February 2nd, the mainstream transaction price in the market was between 7,500-7,800 RMB/ton.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.