1. Analysis of acetic acid market trend
In February, acetic acid showed a fluctuating trend, with the price rising first and then falling. At the beginning of the month, the average price of acetic acid was 3245 yuan/ton, and at the end of the month, the price was 3183 yuan/ton, with a decrease of 1.90% within the month.
At the beginning of the month, the acetic acid market was faced with high costs and improved demand. In addition, due to the temporary inspection of some devices, the supply has decreased, and the price in the north has increased significantly; From the middle of the month to the end of the month, the market lacked further benefits, the high price was difficult to sustain, and the market turned to decline. The plant gradually resumed work, the overall supply was sufficient, and the contradiction between supply and demand led to the loss of price advantage. By the end of the month, the main transaction price of acetic acid was in the range of 3100-3200 yuan/ton.
2. Analysis of market trend of ethyl acetate
This month, domestic ethyl acetate was in a weak shock, and the main factories in Shandong started to operate, and the supply was increased compared with that. The ethyl acetate was suppressed by loose supply and demand, especially in the first ten days, which did not realize the benefits of upstream cost of acetic acid. According to the statistics of Business News Agency, the decline of this month was 0.24%. Near the end of the month, the market price of ethyl acetate was 6750-6900 yuan/ton.
To be specific, the trading atmosphere of ethyl acetate market this month appears to be cold, and the downstream procurement is less, and the trading range of ethyl acetate is within the range of 50 yuan. In the middle of the month, although large factories have adjusted, the fluctuation range is limited, and most of them are controlled within 100 yuan. The quotations of most large manufacturers have stabilized, and the prices of some manufacturers in Jiangsu have been slightly reduced in the middle of the month due to the impact of inventory pressure. Shandong’s major manufacturers are bidding for shipment. The bidding still shows insufficient confidence. Although there is a premium deal, the price has not exceeded the level of last month. The price of raw materials and acetic acid fell in the middle and late stages of the market, and the market may face a negative cost.
3. Market trend analysis of butyl acetate
This month, domestic butyl acetate rebounded due to tight supply. According to the monitoring of Business News Agency, butyl acetate rose 1.36% on a monthly basis. At the end of the month, the domestic butyl ester price range was 7400-7600 yuan/ton.
Specifically, the performance of raw acetic acid was weak, and n-butanol fell sharply, with a decline of 12% in February, which was negative for the butyl ester market. The main reason why the price of butyl ester did not follow the decline was that at the supply side, the operating rate of enterprises remained low, from 40% in January to 35%. Supply remained tight. Downstream wait-and-see sentiment is relatively heavy, the market is lack of action, and the transaction of bulk orders is rare, and the trend in the last ten days is in a stalemate. Some enterprises were forced to repair under the condition of high cost, and the market supply and demand were not booming.
4. Future prospects of acetic acid industry chain

In the short term, the market is mixed with long and short, while the cost is bad, the demand may improve. On the one hand, there is still downward pressure on upstream costs, which will bring bad news to the downstream acetic acid industry chain. However, the operating rate of both upstream acetic acid and downstream ethyl and butyl ester enterprises is generally low. Social inventory is also generally low. With the continuous improvement of terminal demand in the later stage, the price of downstream ethyl ester, butyl ester and other products is likely to rise gently.