This week (3.14-18), the domestic butyl acetate market fell. Butyl acetate generally fell in the absence of supply and demand support and cost decline. According to the monitoring of business society, butyl acetate decreased by 1.43% this week. Butyl acetate is quoted at the domestic mainstream price of 10400-10000 tons at the weekend.

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 main reason for the decline of butyl acetate price.

From the perspective of acetic acid, according to the monitoring of business society, East China acetic acid fell by 2.40% this week. This week, the domestic acetic acid market was mostly weak. Due to the sharp rise in the price of acetic acid in the first ten days, the overall acceptance of the downstream was not high. Therefore, the prices in Northwest and central China were mostly callback this week; Especially in East China and North China, affected by the epidemic, sales are blocked, but the overall inventory pressure of the factory is small, and the price is relatively resistant to decline; From the perspective of supply and demand, the acetic acid market is still in abundant supply, and the downstream demand maintains rigid demand. The falling price of acetic acid weakened the support of ethyl ester and butyl ester in the downstream.

In terms of upstream n-butanol, according to the data monitoring of business society, this week, the decline of n-butanol in Shandong Province was 8.23%. The demand for n-butanol in the downstream is reduced, and the inventory in the early stage is mainly digested, and the demand support is loose; In addition, the continuous decline of crude oil prices affected the mentality of n-butanol operators. The downstream decline started, the demand support continued to be insufficient, the supply pressure of n-butanol increased, and the market focus of n-butanol in Shandong continued to decline, with a weekly decline of nearly 1000 yuan. At present, the downstream demand is weak, and the trading atmosphere of n-butanol is general.

In terms of supply and demand, butyl acetate shows the characteristics of weak supply and demand. On the supply side, the operating rate of the manufacturer is normal, 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.