In December, the domestic butyl acetate market continued the decline of last month, and the price continued to decline, with an obvious decline, which was mainly affected by the weak cost and weak supply of upstream acetic acid. According to the monitoring of business society, butyl acetate fell by 10.64% in the month. At the end of the month, the domestic mainstream quotation of butyl acetate was 9400-9700 yuan / ton. At present, butyl acetate has entered the process of continuous bottom exploration.

First, in terms of the upstream acetic acid market, according to the monitoring of the business society, the acetic acid price decreased significantly in December. The average price of acetic acid at the beginning of the month was 6590 yuan / ton, the price at the end of the month was 6180 yuan / ton, the price decreased by 410 yuan / ton within the month, a decrease of 6.22%, and the price increased by 35.33% year-on-year. Most of the acetic acid units operated normally this month. Although some enterprises maintained their units, due to the preparation of goods in the early stage, the market supply was sufficient, while the downstream demand was weak, and the focus of the acetic acid market continued to move downward under the trend of oversupply. The cost support weakened, and the downstream ethyl acetate and butyl ester prices fell.

In addition, in terms of upstream n-butanol, according to the monitoring of business society, n-butanol continued its decline in November in December, with a decline of 7.84%. The domestic downstream demand was cautious, and the n-butanol plant accumulated inventory, increasing the shipping pressure. In the last ten days, the market rebounded slightly, downstream users replenished on bargain hunting, the trading atmosphere on the floor was peaceful, and the overall supply pressure of n-butanol was relieved. This is also an important reason for the downstream butyl acetate to stop falling and stabilize.

In terms of supply and demand, the operating rate of major manufacturers is high this month, and the market supply is sufficient. Under the pressure of inventory, the prices of major manufacturers continued to decline, with a cumulative decline of nearly 1000 yuan in the whole month. 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: in the short term, acetic acid on the cost side will obviously stop falling and stabilize, and n-butanol will hit the bottom and rebound, which will form a bottom support for downstream butyl acetate and may rebound in the later stage. However, the supply side is still relatively sufficient, the demand performance at the end of the year is general, and the social inventory is still high. It is comprehensively expected that the butyl acetate Market will stabilize or rebound in the near future, but the increase may be very limited.