On March 16th, the domestic butyl acetate market rose slightly

According to the monitoring of the Business News Agency, on March 16th, the market price of butyl acetate slightly increased, with a year-on-year increase of 1.37%. The mainstream quotation range is 7300-7500 yuan/ton.

 

Market analysis: The main reason for the increase is the cost side. According to the monitoring of the Business News Agency, the price of the upstream product n-butanol rebounded this week, with a weekly increase of 1.86%. The rise in raw materials led to a rise in downstream butyl esters. However, supply and demand fundamentals are still weak, and market transactions are not good. The enthusiasm for entering the downstream market is not high, and the consumption rate in the region is slow, and the supply and demand remain relatively balanced.

 

Future market forecast: The cost side is positive in the short term or can be realized, while the supply and demand fundamentals are weak and difficult to improve. It is expected that butyl acetate will continue to push up weakly. In the later stage, the adjustment pattern may continue to be maintained.

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