Ester: the market performance is weak under the off-season

Ester: the market performance is weak under the off-season

In November, the domestic ethyl acetate market fluctuated and went down. This month, from the raw material side, acetic acid is running weakly, ethanol is weakly fluctuating, there is no favorable guidance on the cost side, and the profit situation of enterprises is not ideal. The ethyl acetate enterprises on the supply side are in normal production, and the start-up load is high, and the overall spot circulation is sufficient , The short-term terminal demand is weak and difficult to change, the holders are weak in shipments, the enthusiasm for downstream replenishment is relatively low, the wait-and-see sentiment in the market is relatively strong, and the follow-up of small orders is mainly maintained. The pressure on ethyl acetate inventory will not decrease. Most of the main factories’ retail shipments are weak and stable, and the offers in North China, East China, and South China are generally weak and profit-free. Currently, affected by negative market factors, ethyl acetate has no price advantage for the time being.

In November, the domestic butyl acetate market stabilized after rising. At the beginning of the month, the price of raw material acetic acid went up, n-butanol was relatively strong, and the cost side was positively supported. However, Dongying Yisheng and Jin Yimeng were shut down for maintenance, and the supply on the site was relatively reduced. Cargo merchants moved smoothly, the shipping pressure of enterprises eased slightly, and the market trading atmosphere improved. In the middle and late month, the raw material end fell, and the superimposed downstream was in the off-season of demand, and the market trading atmosphere was not good. Jinyimeng and Dongying Yisheng plants restarted production one after another, and the supply in the field was relatively abundant. , The enthusiasm for downstream inquiries is relatively low, and the follow-up of small orders is mainly maintained. The current imbalance between supply and demand in the market may continue to exist.

On the whole, there is no major support for raw materials in the later period, and there are many uncertain factors in the market. The enthusiasm for buying acetate in the off-season may further decline. Terminal demand will restrain the market trend, and the industry is also bearish on the market outlook. Operate cautiously. It is expected that the acetate market will run weakly in December, but we still need to pay attention to the price trend of the raw material market and the downstream demand.