SunSirs: The Domestic Butyl Acetate Market Was Stable
April 28 2024 15:11:29 SunSirs (John)
Price trend
This week (4.19-4.25), the domestic butyl acetate market was operating weakly and steadily, mainly affected by cost factors. Upstream raw material n-butanol was consolidating at a low level, and butyl acetate manufacturers were hesitant. The performance of the butyl acetate market this week was weak, and trading prices remained at the same level as last weekend. According to the commodity market analysis system of SunSirs, the fluctuation of butyl acetate during the cycle was 0.
Analysis review
Most of the quotes from major manufacturers remained stable this week, with some manufacturers lowering their prices to around 100 RMB/ton. The price of raw material acetic acid has fallen, and the market for n-butanol had fluctuated at a low level. The cost side market had affected market sentiment, and downstream gas purchases were insufficient. Many manufacturers followed up on demand, while manufacturers shipped according to demand, resulting in limited actual transactions. However, the operating rate of the butyl acetate industry remained low, and the price increase from manufacturers also had a boosting effect. Limited supply also supported prices. During the cycle, the market for butyl acetate remained stable and watchful.
Market outlook
As of April 25th, the trading atmosphere in the butyl acetate market was poor, and cost support was limited. It is expected that the butyl acetate market will consolidate at a low level in the short term. In the future, attention will be paid to the price execution of raw material acetic acid, n-butanol, and EA manufacturers. As of April 25th, the mainstream transaction price in the market is between 7,200-7,700 RMB/ton.
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- 2024-05-08 SunSirs: The Domestic Market for Butyl Acetate Slightly Decreased in April
- 2024-02-05 SunSirs: The Butyl Acetate Market Was Weakly Consolidating (January 29-February 2)
- 2023-08-29 SunSirs: The Price of Butyl Acetate Rose This Week (August 21-25)
- 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
