This week (1.29-2.2), the market for butyl acetate remained weak and stable, mainly due to weak supply and demand. The price of butyl acetate in the market did not improve this week, continuing the previous week’s decline, and the market has been hovering at a low level. According to the Commodity Market Analysis System of Business Society, the weekly decline of butyl acetate was 0.7%. The cost side was affected by the decline of acetic acid this week, the weak impact of n-butanol, and the lack of favorable market conditions. The supply and demand side maintained a weak balance, which constrained the price of butyl ester to break out of the independent market.

Market analysis: Most of the quotes from major manufacturers remained stable this week, with some manufacturers slightly lowering their prices, but not significantly, around 50 yuan. The operating rate of enterprises is low, and the supply and demand remain relatively balanced. The price of raw material acetic acid continues to rebound. According to the commodity market analysis system of Shengyishe, the weekly decline is 1.5%, indicating an overall bearish cost situation. More importantly, due to the weak supply and demand side, the price of butyl ester has not emerged from the haze. Downstream procurement is more on demand, and manufacturers are more on the go, making it difficult to increase transaction volume. However, the operating rate of the butyl acetate industry remains low, generally below 40%, and the price increase from manufacturers also has a boosting effect. Limited supply also supports prices.

Market forecast: It is expected that the butyl acetate market will maintain a range adjustment in the near future, and prices may remain rigid and stable due to the impact of low plant operation. It is recommended to pay attention to the production status of raw material acetic acid, n-butanol, and butyl acetate manufacturers. At present, the mainstream transaction price in the market is between 7500-7800 yuan/ton.