Last week (12.6-10), the domestic market price of butyl acetate fell significantly. It was mainly affected by the weak cost and weak demand caused by the decline of upstream acetic acid. According to the monitoring of business society, the weekly decline of butyl acetate was 2.78%. The domestic mainstream quotation of butyl acetate at the weekend was 9500-10000 yuan / ton.

First, in terms of cost, domestic acetic acid continued to decline last week, with a decline of 1.44%. During the week, the quotation fell first and then stabilized, the downstream demand continued to be weak, the market was dominated by just buying, the transaction of new orders in the market was insufficient, the acetic acid manufacturers negotiated shipment, and the transaction focus shifted downward. Most domestic acetic acid plants operated normally, and the devices of individual enterprises in East China were overhauled. However, the enterprise’s early inventory accumulated, the overall supply of goods in the market was still sufficient, and the operator’s mentality remained wait-and-see.

In addition, from the perspective of upstream n-butanol, according to the monitoring of business society, as of December 9, the average ex factory price of n-butanol in Shandong was 7966 yuan / ton, Compared with the price on December 5 (the reference average price of n-butanol was 8200 yuan / ton), the average price was reduced by 234 yuan / ton, a decrease of 2.85%. Since the beginning of the month, the domestic n-butanol market in Shandong has been running downward all the time, and the decline of acetic acid and n-butanol prices has dragged down the improvement of butyl acetate Market.

In terms of supply and demand, the operating rate of major manufacturers was high last week and the market supply was sufficient. Last week, the prices of large factories were generally reduced by about 300 yuan / ton. The manufacturer’s shipment speed is weak, and the price support psychology is weakened, which has a significant impact on the market. In addition, traders are not active in taking goods, and downstream factories on the demand side are only limited to just need to buy. Market trading is not active, demand follow-up is insufficient, and the market has not substantially improved.

Future forecast: it is difficult to say that the cost side is good in the near future, and the supply side also shows certain pressure. The manufacturer will accumulate the risk of inventory in the later stage. It is expected that the recent ethyl acetate Market may still decline.