On January 30, the market for butyl acetate in North China experienced a significant increase, with the ex-factory price of enterprises reaching around 5,875 yuan per ton, marking an increase of 80 yuan per ton. PriceSeek's analysis of butyl acetate, with a bullish-bearish score of 1, indicates that the spot price of butyl acetate in North China has risen sharply by 80 yuan per ton, reflecting tight market supply or strong demand, which is favorable for spot prices. Based on industry experience, the price increase may be attributed to rising raw material costs or a recovery in downstream demand. It is expected that the spot market will maintain a bullish trend in the short term.
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