This week (may 16-20), the bottom of domestic butyl acetate was weak, and the price was mainly flat. The main reason is that the cost support of acetic acid upstream of butyl acetate is weakened and the demand is relatively weak. According to the monitoring of business society, butyl acetate rose or fell by 0% this week. At the weekend, the domestic mainstream quotation of butyl acetate is 9700-10000 yuan / ton.

First of all, in terms of cost, acetic acid and n-butanol both stopped rising and fell at a high level. According to the business agency, acetic acid fell by 0.20% this week and n-butanol fell by 0.33% this week.

In terms of acetic acid, the price of domestic acetic acid stopped rising and stabilized this week. According to the monitoring of business society, the weekly decline of acetic acid this week was 0.20%. Due to the sharp price rise in the early stage and obvious resistance in the downstream, the Guangxi Huayi plant resumed operation, and the market supply pressure was significantly relieved. However, after the price of acetic acid stabilized, there was no obvious downward trend, mainly due to the support of downstream demand, and the expected overhaul of large acetic acid plants boosted the price. Overall, the high cost effect of acetic acid still supports the downstream ethyl ester, and the decline of butyl may slow down due to the impact of high cost.

N-butanol: this week, the domestic n-butanol market in Shandong fluctuated slightly. At the beginning of the week, the high-end price on the floor was generally traded. Some n-butanol factories in Shandong made profit and shipped goods. The ex factory price of n-butanol was slightly reduced by about 100-200 yuan / ton, and the ex factory price of n-butanol was referred to about 9800-10000 yuan / ton. Then, in the middle of the week, the low-end price on the floor was well traded, and the n-butanol market rebounded slightly. On the 18th, the n-butanol market in Shandong increased steadily and slightly, with an increase range of around 100 yuan / ton. The ex factory price of n-butanol in Shandong was around 9900-10000 yuan / ton, and the mainstream price of n-butanol in South China was still above 10000 yuan, with a reference of around 10300-10400 yuan / ton. At present, the trading atmosphere of n-butanol is mild, and the downstream inquiry atmosphere is good.

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 remains low, the units of large factories in North China are shut down, local supply is tightened, and the market is slightly divided. However, downstream demand has not improved significantly. The market trading atmosphere is poor, and most operators are bearish. Although the epidemic situation has improved, there are still restrictions on local transportation, and the rise of freight rates has 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 why the price of butyl has not rebounded sharply with the raw materials.