This week (4.6-8), the domestic butyl acetate market continued the pre holiday trend and continued to decline. Butyl acetate continued to fall in the absence of supply and demand support and cost decline. According to the monitoring of business society, butyl acetate decreased by 1.45% this week. At the weekend, the domestic mainstream quotation of butyl acetate is 9800-10100 yuan / ton.

First, in terms of cost, the high levels of acetic acid and n-butanol fell. In particular, the decline of n-butanol is obvious, and the decline of cost is the direct reason for the decline of butyl acetate price.

From the perspective of acetic acid, the high price of domestic acetic acid fell this week. According to the monitoring of business society, acetic acid fell by 0.95% this week. Supply is relatively stable. At present, most factories are under normal operation, and Shanghai Huayi plant has not been started yet, so the supply pressure is not large. The market is generally affected by public health events, and manufacturers are facing pressure on shipment, which is also the main reason for the high decline of acetic acid price. In addition, the start-up of ethyl ester and butyl ester in the downstream decreased slightly, the demand for acetic acid decreased, and the market was mainly purchased on demand.

In terms of upstream n-butanol, n-butanol decreased significantly after the festival. According to the monitoring data of DINGCHUN in Shandong Province, the business decreased by 2.09% this week. The top users of n-butanol downstream have a heavy wait-and-see mood, and there are few high price transactions on the floor. The negotiation transactions are mostly concentrated in the low end, the overall demand of the downstream is weak, and they mainly digest the early inventory. In addition, due to the impact of public health events, the logistics and transportation in some areas are not fully opened, and there are still certain restrictions on the demand side.

In terms of supply and demand, butyl acetate shows the characteristics of weak supply and demand. On the supply side, the operating rate of manufacturers is lower than that before the festival, but the downstream demand has not improved significantly. The market trading atmosphere is poor, and most operators are bearish. Due to the epidemic, transportation is limited, and the rise of freight rates has further suppressed some demand. The substitution of other raw materials has occupied part of the demand for butyl, and the weak demand is the fundamental reason for the decline of butyl price.

Future forecast: in the short term, butyl acetate Market will remain weak. In the near future, we need to pay attention to whether the upstream acetic acid market can be reversed and the operation of downstream factories.