1. Crude Oil: On November 9, the U.S. downplayed expectations of renewed strikes on Iran, easing supply risk concerns and causing international crude oil prices to fall. NYMEX WTI futures for December closed at $86.85/bbl, down $3.98 (-4.38%); ICE Brent futures for January closed at $92.57/bbl, down $5.75 (-5.85%). China INE crude oil futures for January 2027 (SC2701) fell by 1.1 yuan to 630.7 yuan/bbl; in the night session, they dropped by 25 yuan to 605.7 yuan/bbl.
2. Costs:
(1) Glacial Acetic Acid: Factory prices for glacial acetic acid declined, leading to a corresponding drop in market prices. Enterprise inventory levels remained relatively stable with minimal fluctuation. However, due to moderate purchasing enthusiasm from downstream sectors, transactions were primarily based on immediate needs or long-term contract execution, resulting in a quiet trading atmosphere. Chempricehub forecasts that the glacial acetic acid market may continue to decline in the short term.
(2) n-Butanol: The price center of gravity for domestic n-butanol shifted downward. Raw material propylene prices fell, reducing cost support for n-butanol. Downstream interest in taking delivery was low, prompting factories to actively lower prices to stimulate shipments. Market inquiries and transaction volumes were sparse, with trades occurring at lower price points.
Core Logic: Weakening costs continue to impact market sentiment, with factories prioritizing inventory clearance through sales.
Unit: Yuan/Ton
| Product | Region | Nov 9 | Nov 6 | Change (Yuan/Ton) |
|---|---|---|---|---|
| Acetic Acid | East China | 3825 | 3900 | -75 |
| n-Butanol | East China | 8300 | 8500 | -200 |
| Butyl Acetate | East China | 8050 | 8100 | -50 |
| Notes: 1. Prices listed are mainstream negotiation references. 2. Prices are cash-on-pickup, in Yuan/Ton. 3. Price changes are compared to the previous trading day's closing price. |
Data Source: Chempricehub
The butyl acetate market continues to exhibit weakness. Over the weekend, major factories continued to offer discounts to facilitate sales. Currently, market demand remains limited, particularly as buyers of butyl acetate are driven mainly by rigid demand amidst the downtrend. Both raw materials, acetic acid and n-butanol, are showing weakness, leaving butyl acetate lacking independent momentum and passively following the overall downward trend.
| Data Item | Release Date | Previous Period | Expected Trend This Period |
|---|---|---|---|
| Weekly Operating Rate of Butyl Acetate | Thursday 17:00 PM | 45.86% | ↘ |
| Weekly Production Volume of Butyl Acetate | Thursday 17:00 PM | 14560 | ↘ |
| Weekly Profit Margin of Butyl Acetate | Thursday 17:00 PM | 7 | ↘ |
| Notes: 1. ↑↓ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%. 2. ↗↘ indicates minor fluctuations, highlighting data dimensions with changes within 0-3%. |
Data Source: Chempricehub
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