According to the commodity market analysis system of Shengyishe, the price of butyl acetate was 7575 yuan/ton at the beginning of the month and 7475 yuan/ton at the end of the month. The price decreased by 100 yuan/ton within the month, a decrease of 1.32%.
Market analysis: In April, the domestic market for butyl acetate remained stable and declined. There is currently no plan for maintenance or production reduction of the butyl acetate unit, and there is little fluctuation in capacity utilization rate within the month. The market supply is stable, and the price of butyl acetate is mostly operating steadily. In the first half of the year, due to the impact of cost factors, the raw material n-butanol was consolidating at a low level, and the mentality of butyl acetate manufacturers was indecisive. The performance of the butyl ester market was weak, and trading prices slightly decreased.
Cost side: The price of raw material acetic acid has risen and fallen, while the market for n-butanol has fluctuated at a low level. The fluctuation of the cost side market has affected the market mentality. Downstream gas purchases are insufficient, and more follow-up is needed. Manufacturers are actively shipping, but actual transactions are limited. At the same time, the operating rate of the butyl acetate industry remains low, and the price increase from manufacturers also has a boosting effect. The market supply is limited, and the price of butyl acetate remains stable.
Market forecast: Currently, the cost side price of butyl acetate in the market is weak, with limited support for butyl acetate. Downstream demand is average, and there is insufficient new market transactions. There is a lack of effective positive news on the market. It is expected that the butyl acetate market will consolidate at a low level in the future, and attention will be paid to the price execution of raw material acetic acid, n-butanol, and ethyl acetate manufacturers in the future.
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