Acetate export prices fall, volume increases, domestic demand is weak, and the market situation is grim

Entering 2016, the domestic acetate market situation has become more severe
.
The price difference between ethyl acetate and butyl ester has narrowed, the export level has declined over the same period, and domestic demand has been weakened under environmental pressure, all of which continue to affect the market
.
The price gap between ethyl acetate, butyl acetate and sec-butyl ester narrowed.
Starting from the second half of 2015, the domestic market price of butyl acetate continued to fall, and it was even lower than the price of ethyl acetate (from November 2015 to February 2016)
.
According to the situation in previous years, the normal price difference of domestic butyl acetate is higher than that of ethyl acetate by about 2,000 yuan/ton
.
But what caused the current situation? This is inseparable from macroeconomic factors
.
Last year, the international crude oil prices continued to drop, leading to a sharp drop in the price of raw material propylene, and it was difficult for n-butanol to bear pressure.
Following the trend of raw materials, it indirectly suppressed the butyl acetate market
.
In addition, in line with weak domestic demand and falling exports, the butyl acetate market has fallen all the way
.
The ethyl ester market is supported by the raw material ethanol.
Compared with butyl ester, the price trend of ethyl ester is relatively stable
.
Although domestic demand and export levels have also declined like butyl ester
.
At least the ethyl acetate market is supported by raw material factors
.
2.
Decline in export prices and increase in volume.
Domestic acetate export prices continue to decline
.
One is that the price of crude oil has fallen, which has led to a decline in prices in the international market
.
Second, the decline in domestic acetate market demand has also prompted manufacturers to increase their export efforts
.
Therefore, although export prices have continued to fall, there has been no significant decline in export volume
.
Data show that in 2015, the export volume of ethyl acetate decreased by 5.
86% year-on-year.
However, the export volume of butyl acetate increased significantly, with a range of 56.
68%.
The increase in export volume was not due to the high profitability
.
It is because of weak domestic demand and high sales pressure from manufacturers.
Under the circumstance that the export price is not much different from the domestic price, the export of the manufacturer is only to increase the volume
.
3.
Weak domestic demand under the pressure of environmental protection In recent years, domestic environmental protection inspections have been intensified, and environmental protection policies have been promulgated in various places.

.
And the requirements for environmental protection are becoming stricter and stricter
.
All major paint and paint factories have increased their research and development efforts to promote environmentally friendly and low-pollution products, and the impact on solvent-based products has continued to increase
.
In addition, the downturn in the real estate market has led to a significant decline in the domestic demand for coatings and paints
.
South China, as a settlement of paints and coatings, bears the brunt of the impact
.
At present, the demand for solvents such as acetate has dropped significantly
.
To sum up, the future of the domestic acetate solvent market is full of rugged roads, but regardless of macro or policy factors, the acetate market will be suppressed, and the industry's operating space will eventually be limited
.