In April, the domestic butyl acetate market continued the trend of the previous month and continued to decline, deepening the decline compared with the previous month. 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 4.59% this month. At the end of the month, the domestic mainstream quotation of butyl acetate was 9600-9900 yuan / ton.

First of all, in terms of cost, acetic acid and n-butanol both came out of the decline, especially acetic acid. According to the monitoring of business society, the monthly decline of acetic acid was 18.39%. The supply performance was loose this month. Shanghai Huayi acetic acid plant returned to full load operation, and the acetic acid plant of the main manufacturer in Shandong returned to normal operation. The on-site supply increased. Affected by public health events, logistics and transportation were blocked, freight rates increased and some regions did not transport. The downstream demand weakened, the market supply accumulated, and the market mentality of buying up but not buying down. The acetic acid market continued to operate weakly. The decline in cost is the direct reason for the weak price of butyl acetate.

In terms of upstream n-butanol, n-butanol fell by 4% this month. Especially in the first ten days of April, after the Qingming Festival, the trading atmosphere of n-butanol market in Shandong is general, and the inventory of some n-butanol factories has accumulated. Under the supply pressure, the factory reduced the ex factory price of n-butanol for three consecutive days on June, July and August, with a cumulative reduction range of 200-300 yuan / ton. At present, due to the limited factors of logistics and transportation, the overall supply and demand circulation of n-butanol in the field is still slow, Downstream users are cautious about spot purchase of raw materials.

In terms of supply and demand, the operating rate of major manufacturers remained stable this month, and butyl acetate showed the characteristics of weak supply and demand. On the supply side, the operating rate of manufacturers remains low, 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. Excluding the weak supply and demand, it can be seen that the rise and fall of butyl acetate mainly comes from the guidance of downward cost.

Future forecast: at present, the cost side is relatively weak, especially acetic acid, but from the historical trend, the trend of butyl acetate and n-butanol is more relevant, which also confirms that the decline of n-butanol and butyl acetate is not as large as that of acetic acid. From the perspective of supply and demand, the supply pressure is not large. When the demand is not followed up in time, there is little hope of market rebound in the later stage of the market. In the near future, we still need to pay attention to the trend of double raw materials.

In April, the domestic phenol market was first depressed and then increased, and the overall decline. According to the monitoring data of business agency, the average offer of domestic phenol market was 10645 yuan / ton on April 1, 10337 yuan / ton on April 30, down 2.89% in the month. On April 21, the domestic phenol Market offered 100087 yuan / ton, with an amplitude of 5.24%. By the end of the month, the offer in East China market was about 10300 yuan / ton, that in South China was 10350 yuan / ton, and that in North China and surrounding areas of Shandong was 10325 yuan / ton

Trend chart of average price of phenol in the national market

The domestic market remained depressed in the early April, but the market remained depressed in the early April. In the first ten days, with the replenishment of port inventory, the inventory increased to nearly 40000 tons, but the logistics pressure is still large, the terminal demand is poor, and the phenomenon of domestic goods urging delivery, the phenol market once fell to 10000 yuan / ton. Then, taking into account the cost pressure, the phenomenon of domestic goods expediting slowed down, the market bottomed out and rebounded, and the cargo holders cautiously explored the rise.

Pure benzene rose after falling in April. On April 1, the price was 8400-8650 yuan / ton (the average price was 8540 yuan / ton); On April 30, the price was 8400-8750 yuan / ton (the average price was 8590 yuan / ton), with a monthly increase of 0.59%, an increase of 17.35% over the same period last year. Affected by public health events, the overall operating load of pure benzene and downstream products decreased, the demand for pure benzene was insufficient, and the price fell continuously. The logistics transportation between some regions is blocked, and the price difference is obvious. In the last ten days of the month, downstream enterprises filled the gap in advance, the market turnover increased, and the price of pure benzene rebounded; In addition, Sinopec’s continuous rise before the festival also gave positive support to the market.

The downstream bisphenol a market fluctuated in a narrow range as a whole, and continued to be 16400-16800 yuan / ton in the month. Due to the limited product supply, it also alleviated the decline in demand caused by the decline in downstream operating rate to a certain extent. The supply is expected to increase in May, and the market may have downward expectations.

In May, the phenol ketone units of Yangzhou Shiyou and Zhongsha Tianjin Petrochemical were overhauled to alleviate the supply pressure. The logistics and transportation are expected to improve in May. The business society expects that the phenol market may have upward expectations in May, but there are frequent ups and downs during the period affected by various uncertain factors.