Recently, sec-butyl acetate has risen rapidly, rising to 6200-6550 yuan/ton in East China, and the spot supply level in the market is tight, the rise is still obvious...
Jinlianchuang - Zhang Qiang
Since the beginning of May, sec-butyl acetate has started a series of rising patterns, with an increase of up to 600 yuan/ton in the past half month. This has a significant effect on the mentality of some industry players, and the short-term acceptance of high prices in the market is acceptable. The most important factors supporting the rise of sec-butyl acetate are the influence of raw materials and supply.
First of all, look at the impact of raw materials: glacial acetic acid prices have skyrocketed recently. The current transaction price in East China is located at 5350-5450 yuan/ton. The successive sharp increases have a positive impact on the market's early mentality. The increase in cost has made downstream manufacturers actively follow the rise, and the actual orders are all up. However, the increase of nearly 1,000 yuan in the later stage and the upward space still exist have restricted the downstream rally; its end point procurement pressure has gradually increased, and some downstream products of acetic acid have been forced to stop due to losses. The rate of secondary butyl acetate is acceptable, and there is still a certain profit margin at present. Another raw material, carbon four, is also high, which is mainly affected by crude oil. Due to geopolitical tensions and demand growth, crude oil has maintained a benign trend recently, which plays a key role in the pricing of carbon four.
The second is the supply-side impact: let's take a look at the overall supply capacity of sec-butyl ester manufacturers in the near future:
| Data Source | Jinlianchuang |
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With the rise in prices, the market acceptance range has expanded, but due to the high production pressure of mainstream manufacturers, the market supply level has been maintained at a low level. In the early stage, Jiujiang had a maintenance plan at the end of April, but the price continued to rise in the later stage, which led to the execution of the contract. At present, there is still news that it needs to stop for maintenance in the market, but the specific time has not been determined. In addition, Zhongchuang Equipment expects the low output award to last until the beginning of June due to production reasons, so it is difficult to improve the short-term market supply capacity, which also supports the high price to a certain extent.
Overall, acetic acid and downstream products have been in a strong upward range recently, among which butyl acetate, the substitute for sec-butyl acetate, has also risen too sharply, and the price has reached a new high in 4 years. Therefore, not only is the strong support of raw materials, but also the impact of manufacturers' production cost pressure and the side of related products butyl acetate, short-term sec-butyl acetate is still running at a high level, and the market's attention to acetic acid is still the first.
