Ester: The influence of long and short factors makes the market trend unclear

Ester: The influence of long and short factors makes the market trend unclear

1. Ethyl acetate

In December, the domestic ethyl acetate market fluctuated, and the overall trend was warmer. In the first ten days of the month, the main factory in Shandong stopped temporarily due to equipment problems, and other manufacturers raised their offers one after another, which invigorated the market trading atmosphere, and the enthusiasm for buying in the downstream market was positive. The atmosphere warms up. In the later stage, the installation was restored, and the auction was sold, and the starting price was raised. However, the demand for ethyl ester in the downstream has weakened. The trend of acetic acid at the raw material side is weak in the second half of the month. Due to the lifting of the epidemic prevention and control, the ethanol market is finishing at a high level, and the cost side has a certain positive boost, which supports the upward trend of ethyl acetate quotations. Under the off-season, the terminal demand has not improved significantly, and the buying sentiment is rising Not good, the market trading atmosphere is light, and the ethyl ester market returns to rationality.

2. Butyl acetate

In December, the domestic butyl acetate market fluctuated slightly after rising. In the first half of the month, the price of n-butanol, the raw material, rose strongly due to the low inventory price, and the cost support was strong, but the increase of butyl acetate was not as high as that of the raw material, and the profits of butyl ester enterprises narrowed. The holders moved smoothly, which was positive to support the offer to continue to rise, and the trading atmosphere in the venue improved compared with the previous period. In the later period, as the downstream companies’ pursuit of high prices eased, the offer of butyl acetate stabilized, and the downstream companies were somewhat resistant to high-priced supply, and the market returned to a cautious wait-and-see situation. In the second half of the month, n-butanol, the raw material, fell back from a high level, and the support on the cost side was limited. Under the influence of the off-season, the demand side showed a weak performance. Some butyl ester enterprises shut down their installations for maintenance. The short-term market situation has not improved significantly, and the market has a strong wait-and-see sentiment.

There is no big positive boost for raw materials in the later stage, and the current spot circulation of acetate is relatively abundant. However, the current epidemic prevention and control contact and the off-season demand and other negative factors have not greatly improved the overall market in the market, and the industry has a bearish attitude towards the market outlook. It is expected that the acetate market may continue to be weak in January, but it is still necessary to pay attention to the price trend of the raw material market and the downstream demand.