This week (12.12-16), domestic butyl acetate continued to decline, and the market was short of good news. It is mainly due to weak demand and weak support of upstream acetic acid and n-butanol. According to the monitoring of the business community, butyl acetate fell 0.86% this week. The domestic mainstream quotation of butyl acetate on Friday was 7100-7350 yuan/ton.

First of all, from the perspective of cost, the market of acetic acid and n-butanol deviated, acetic acid declined slightly, with a weekly decline of 0.55%, while n-butanol rose strongly, with a weekly increase of 7.23%. However, it is still unable to pull the weak market of supply and demand.

From the perspective of acetic acid, according to the monitoring of the business community, the price of acetic acid continued to decline this week, and the price is still hovering at a low level. Downstream demand downturn is difficult to support prices out of the haze, especially in North China, Northwest and other regions where demand is weak, and the fundamentals are negative, which may be difficult to reverse in the later period.

From the perspective of supply and demand, butyl acetate shows a relatively prominent pressure of supply and demand, and the market shows that both supply and demand are not strong. On the supply side, the operating rate of manufacturers remains low, and the market operating rate is still below 40%. The supply pressure is not large. This week, the prices of butyl acetate manufacturers remained at last week’s level. Downstream demand has not improved significantly. The market trading and investment atmosphere is not good, and most businesses are bearish.

Future market forecast: In the short term, the cost of butyl acetate will improve in the short term. In the later period, n-butanol may drive the rise of butyl ester, but the supply and demand are not strong or the market will be troubled for a long time. The weak shock will continue. In the near future, attention should be paid to the price trend of upstream acetic acid and n-butanol, as well as the commencement of downstream plants.