In June, the price of butyl acetate fell. At the beginning of the month, the price of butyl acetate was 6962.50 yuan/ton, and at the end of the month it was 6650 yuan/ton. The price decreased by 312.50 yuan/ton during the month, a decrease of 4.49%.
| Sulfamic acid |
Market analysis: The domestic butyl acetate market experienced a weak downward trend in June. On the supply side, the butyl acetate unit is operating stably, and the market supply has shown sufficient performance within the month. The inventory pressure of the enterprise has increased, and in order to promote shipment, the quotation has been lowered. In terms of raw materials, although the price of acetic acid has rebounded and stopped falling, there is limited support for butyl ester, and the market atmosphere is clearly bearish; The price of n-butanol has experienced a wide decline, with weak cost support and a pessimistic attitude among butyl acetate manufacturers, driving the price of butyl acetate to continue to decline.
On the cost side, the overall price of raw material acetic acid has increased narrowly, while the n-butanol market has fallen widely. The cost side is mostly bearish, and downstream demand has entered the off-season. The enthusiasm for purchasing in the market is not high, and actual transactions are limited. The bearish atmosphere in the market has driven the mentality of butyl acetate downward.
Market forecast: Currently, the price of n-butanol upstream of butyl acetate is low, with insufficient cost support. The price of acetic acid is stable, but the boost to butyl acetate is limited. There is a lack of favorable conditions in the market, and the trend of strong supply and weak demand is obvious. It is expected that the butyl acetate market will consolidate and operate weakly in the later stage. In the future, attention will be paid to the price execution of raw materials such as acetic acid, n-butanol, and ethyl acetate manufacturers.
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