Butyl acetate oscillates lower

Due to the decline of raw materials acetic acid and n-butanol last week, the price of butyl acetate has not yet stopped falling, the confidence of downstream buyers has declined, the market remains weak, and the short-term butyl acetate market lacks support, and will continue to weaken.

The East China market is in a downturn and prices have fallen rapidly. The local butyl acetate plant started to work normally, the manufacturers were not able to ship smoothly, the downstream demand was very sluggish, and the low-volume purchase was the main reason. The transaction volume was low. Traders shipped poorly, quotations were substantially reduced, the mainstream canisters in the 8400 ~ 8600 yuan / ton.

Trading in the South China market was weak and prices fluctuate. The market supply is sufficient, the downstream industry starts with low load, raw material demand is low, some users consume inventories, traders do not ship smoothly, and offer prices continue to decrease. The mainstream canister price is between RMB 8900 and RMB 9100/t.

Trading in the North China market was light and prices continued to fall. The upstream raw materials market continues to be weak, the downstream start load is low, the market trading atmosphere is very sluggish, traders wait and see attitude is heavier, trading volume shrinks, traders shipping is not smooth, prices continue to decline, the mainstream of the tank price in the 8600 ~ 8800 yuan / Ton.