In the first half of the year, the domestic sec-butyl acetate market fluctuated at a low level, and rebounded upwards in some periods of time, but the overall demand side was obviously constrained, and the supply and demand pressure in the domestic market was relatively high.
Jinlianchuang chemical analyst Zhang Qiang said that from the perspective of raw materials, sec-butyl acetate is greatly affected by crude oil and carbon four after ether, and its dependence on acetic acid fluctuations in the first half of the year was average. Especially in mid-May, consumption tax was levied on industrial white oil and alkylated oil. Affected by this policy, the price of carbon four after ether weakened sharply one after another, falling by more than 1,000 yuan/ton in 9 days, which had a great impact on the market and dragged The price of sec-butyl acetate weakened one after another.
In terms of supply, the average operating rate of domestic sec-butyl acetate in the first half of the year was around 57%. On the whole, the supply level in the first half of the year was not high, but due to the light domestic trade market, the spot stock is relatively sufficient.
On the demand side, due to the slow economic recovery, the performance of acetic acid and downstream ester products is relatively weak, and the domestic market is under great pressure. Entering the high-temperature off-season, middlemen are generally bearish, and the mentality of rigid demand is more cautious. There is a large demand in the international oil blending market, and the demand for sec-butyl acetate is obviously supported by exports. Most enterprises pay attention to the export market, and generally pay little attention to the domestic market.
From the perspective of profit, sec-butyl acetate has a relatively high profit level, especially during the period of the C4 fall after ether. Although sec-butyl acetate has followed suit, it is supported by international market demand and the range is not large. Therefore, some industry players have begun to Pay attention to whether there is a possibility of restarting parking companies in the past. Under the influence of high profits, it also caused domestic trade operators to be in a bad mood, and pay attention to the situation of profit compression.
On the whole, the highlights of the sec-butyl acetate market in the first half of the year mainly focused on exports, and the performance of domestic trade was tepid. Due to the influence of raw materials, it is expected that the low cost of sec-butyl acetate will become the norm. (Zhonghua)
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