In October, the high market price of butyl acetate in China fell, which was mainly affected by the sharp drop in the price of acetic acid in the upstream and the surge in the contradiction between supply and demand. According to the monitoring of business society, butyl acetate fell by 11.45% in the month. At the end of the month, the domestic mainstream quotation of butyl acetate was 12500-12700 yuan / ton.

First, the lower price of acetic acid in the upstream dragged down. The price of acetic acid fell in October. According to the monitoring of business society, the decline of acetic acid was 24.5%. Domestic acetic acid enterprises have more devices, stable operation and increased inventory, while the downstream is affected by limited power production, the downstream operation is low, there is no significant increase in market demand, the market purchase is still rational, and the on-site trading is light, resulting in the continuous increase of acetic acid inventory. In addition, the market source consumption is slow, and the quotation of domestic acetic acid enterprises is constantly reduced in order to maintain shipment.

In addition, the operating rate of major manufacturers is high this month, and the market supply is sufficient. However, according to the market, the air atmosphere is strong, and the manufacturer’s quotation has fallen one after another. It is reported that the reduction range of major manufacturers is about 500 yuan / ton. Traders are not active in taking goods, downstream factories are only limited to just need to buy, and the market trading is not active, which eventually leads to the gradual decline of the market offer. In addition, the price of butyl acetate produced from n-butanol, a by-product in Hebei, also hit a new low. It is reported that the low price in Shandong is close to 12000 yuan / ton.

Future forecast: in the near future, the market may remain weak due to the loose cost and supply. Due to the cool market mentality, it is expected that the demand in the later stage will be difficult to improve, and the market is expected to still have room for decline.