Chinese Sec-Butyl Acetate Market Climbed Marginally (Dec 1-7, 2017)

During December 1-7, 2017, the Chinese sec-butyl acetate market inched up. The players in sec-butyl acetate market held weak interest in producing. The inventory of sec-butyl acetate was low in the spot market, and part of offers increased slightly. The downstream users purchased goods on a need-to basis. The downstream players showed resistance to the high prices of sec-butyl acetate.

Up to December 7, the negotiation price of sec-butyl acetate in North China was in the range of RMB 5,500-6,150/mt, and the negotiation price in Shandong was in the range of 5,500-6,150/mt.

Forecast

The operating rate of Sec-Butyl Acetate industry will be low. Producers will be reluctant to sell sec-butyl acetate at low prices. The downstream demand will be modest. Downstream players will purchase on a need-to basis. It is predicted that the Chinese sec-butyl acetate market will be range-bound next week.