In February, domestic butyl acetate rose first and then fell. After the festival, the price of butyl acetate increased significantly due to the impact of the sharp rise in the cost of n-butanol, as well as the partial closure of the manufacturer and the reduction of supply. The price of butyl acetate increased significantly, with an increase of more than 12% in the first week after the Spring Festival in February. With the continuous decline of n-butanol price and the impact of sharp decline of acetic acid, after the start-up and normalization of the manufacturer’s device, butyl gradually fell, and the weak market continued to the end of the month. According to the monitoring of business society, butyl acetate increased by 2.93% this month. At the end of the month, the domestic mainstream quotation of butyl acetate was 10200-10500 yuan / ton.

First of all, from the perspective of cost, acetic acid and n-butanol are out of the market. Domestic acetic acid continued to decline in February. According to the monitoring of business society, East China acetic acid fell as much as 25.05% this month. After the festival, the profits of acetic acid enterprises continued to decline, and the supply of domestic acetic acid enterprises was sufficient in the whole month, resulting in a passive situation of oversupply in the market, and the downward price compressed their own profits. The demand side is also bad. Affected by the Winter Olympic Games, the downstream construction is insufficient, and the demand is obviously lower. The contradiction between supply and demand led to continuous price reduction and shipment of acetic acid.

However, from the perspective of upstream n-butanol and curve, butyl acetate is highly consistent with n-butanol. After the festival, n-butanol ushered in a sharp rise, with a maximum increase of more than 27% in February. The market continued to fall in the middle and late ten days, which is also an important reason for the fall after the rise of ethyl acetate price.

In terms of supply and demand, the operating rate of major manufacturers remained stable this month, and the market supply and demand remained relatively balanced, which still supported the price of butyl acetate. However, in terms of demand, the downstream factories started normally, and the market was limited to just needed buying. The market trading was not active, the demand follow-up was insufficient, and the market did not substantially improve. Yes, the rise and fall of butyl acetate mainly comes from the guidance of the cost of n-butanol.

Future forecast: at present, the price of raw material n-butanol retreats, acetic acid is weak, and butyl acetate Market is also weak. It may be difficult to get rid of the depressed market in the short term. The main downstream demand is weak. Although the downstream demand has followed up after the Winter Olympic Games, the supply and demand is still dominated by oversupply compared with the high inventory and the improvement of butyl ester operating rate. Therefore, it is expected that the domestic butyl acetate Market will be adjusted weakly in the short term, and the trend of dual raw materials still needs to be paid attention to in the near future.