Analysis: On May 23rd, the market for butyl acetate rose, with an increase of 1.97% compared to yesterday. The mainstream quotation range is between 7400 to 7600 yuan/ton. The main reason for the increase is driven by the cost side, with the upstream n-butanol market stopping its decline and partially rising. Another raw material, acetic acid, has improved and continues to fluctuate at high levels. The cost transmission effect has driven downstream butyl esters higher. However, the supply and demand fundamentals are still weak, and market transactions are not good. The enthusiasm for downstream market entry is not high, and supply and demand maintain a basic balance.
Future market forecast: The cost side is positive in the short term, or it may be fulfilled, while the supply and demand fundamentals are weak and difficult to improve. It is expected that butyl acetate will continue to rise weakly. In the later stage, the adjustment pattern may continue to be maintained.
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