This week (11.14-18), domestic butyl acetate continued to be weak and volatile, with weak price rise and fall. The main reason is that the demand is relatively weak, superimposed on the high level of upstream acetic acid. According to the monitoring of the business community, butyl acetate fell 0.33% this week. The domestic mainstream quotation of butyl acetate at the weekend is 7300-7600 yuan/ton.

First of all, from the perspective of cost, acetic acid and n-butanol both declined mainly, especially acetic acid. Cost support is weakened. According to the business agency, acetic acid fell 3.07% this week and n-butanol fell 0.89% this week.

From the perspective of acetic acid, the domestic acetic acid dropped significantly this week. According to the monitoring of the business community, the price of acetic acid dropped by 3.07%. During the week, the utilization rate of acetic acid market capacity increased, the supply increased, and the social inventory increased. In addition, the upstream methanol price fell, and the cost was weak, which depressed the downstream market mentality. In terms of terminal demand: it is still weak at present, and the market trading atmosphere is general. In order to maintain the rhythm of shipment, the manufacturer has lowered its quotation, and the price trend of acetic acid continues to decline.

From the perspective of supply and demand, butyl acetate showed no positive effect on supply and demand. On the supply side, the operating rate of manufacturers remains low, and the market operating rate is still below 40%. The supply pressure is not large, which is the fundamental reason why butyl acetate did not follow the sharp drop of acetic acid. At the beginning of the week, the prices of some butyl acetate manufacturers decreased slightly, but from the middle of the week to the end of the week, the prices became stable, and the manufacturers had little inventory pressure. Downstream demand has not improved significantly. The market trading and investment atmosphere is not good, and most businesses are bearish.

Future forecast: In the short term, the cost of butyl acetate is negative, the supply and demand are weak or the market is troubled for a long time, and the weak shock will continue. In the near future, attention should be paid to the price trend of upstream acetic acid and n-butanol, as well as the commencement of downstream plants.