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[Market information]：Butyl acetate domestic market overall shocks downward, the cost demand both ends have no support, later or continue to continue to be weak

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has entered an era of high cost in the domestic butyl acetate market since 2021. For end customers, it is necessary to avoid high-priced raw materials and adopt low-priced substitutes. Therefore, sec-butyl acetate, propyl acetate, propylene glycol methyl ether, dimethyl carbonate, etc. all have an impact on the butyl acetate market. The terminal side chooses to replace according to the performance of different types of products, which has led to a sharp drop in the demand for butyl acetate in the past two years. Domestic consumption of butyl acetate fell to 400,000 tonnes in 2021, to the level of the 2016 period. Although there are epidemic factors, but more because of high cost, high price caused by butyl acetate in the end use reduction.

In the first half of 2022, the domestic butyl acetate market as a whole fluctuated downward, as of July 13, the mainstream market price in North China 7400-7450 yuan/ton, the market median price called the end of last year fell 19.29%.

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Q1: market trading light prices down

January butyl acetate overall trend followed the raw material n-butanol rose, and then near the Spring Festival led to logistics constraints, market transactions decreased.

After the opening of the February Spring Festival, the price of n-butanol began to rise. Because some of the raw materials were actively replenished after the buying festival, the spot was scarce, and most of the holders were reluctant to sell, so the price of butyl acetate soared again. Supported by the cost of raw materials, the price of butyl acetate rose. However, due to the decline in the prices of raw materials acetic acid and n-butanol, the price of butyl acetate fell under the control of cost.

In early March, led by crude oil prices, methanol prices rose rapidly, acetic acid prices rose sharply, and positive butanol prices were firm, in the cost support, butyl acetate prices followed the rise, mid-month due to the epidemic, downstream demand and many traffic blocked, market trading light, market transaction prices continue to decline.

Second quarter: overall trend narrow range volatility

Before the May Day holiday, the downstream has replenishment, and some acetic acid manufacturers have maintenance plans, acetic acid prices rise, cost support, butyl acetate prices rise,

In June, the price of positive butanol continued to weaken, the price of raw material acetic acid continued to decline, under the influence of insufficient cost support, the price of butyl acetate continued to fall.

entered July, the price of butyl acetate continued to be weak, the trend of raw material acetic acid and n-butanol was weak, the cost support was insufficient, and the overall demand in the downstream was relatively light, the purchase was mostly in demand, the trading atmosphere in the market was general, the raw material surface was expected to weaken, while the demand surface remained in demand downstream, the mentality in the market was general, and the domestic butyl acetate market was expected to continue to be weak in the short term under the influence of weak supply and demand, later still need to pay attention to the manufacturer's device dynamics and raw material trends, it is recommended that the industry cautious operation.

Source: Jin Lianchuang, Zhongyu Information

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