March 3rd News: On March 3rd, the butyl acetate market in East China continued its upward trend, with the ex-factory price of enterprises hovering around 6,045 yuan per ton, marking an increase of 105 yuan per ton. The robust performance of raw material n-butanol drove the price rise due to cost factors.
Chempricehub Analysis of Butyl Acetate: Bull-Bear Score: 1.5
The spot price of butyl acetate increased by 105 yuan per ton to approximately 6,045 yuan per ton, representing a rise of about 1.74%. Driven by the strong performance of raw material n-butanol, the market in East China continued its upward trend. This indicates robust demand-side support, coupled with rising costs, which has significantly benefited spot prices and may drive further short-term price strength.
N-Butanol, Bull-Bear Score: 0.5
As the primary raw material for butyl acetate, the strong performance of n-butanol reflects robust market demand and tightening supply. This will support stable or slightly rising spot prices for n-butanol, benefiting producer profitability. However, the article does not directly mention specific price changes for n-butanol, so the impact is relatively moderate.