Butyl Acrylate: East China acrylic acid holds at 8,900 RMB/ton as falling propylene costs weaken support

1. Today’s Summary

① Acrylic acid prices in East China stood at 8,900 RMB/ton, unchanged from the previous trading day.

② The average capacity utilization rate of the domestic acrylic acid industry was 66.33% today, flat compared to the previous day.

2. Spot Market Overview

Table 1: Domestic Acrylic Acid Price Summary (Unit: RMB/ton)

Data Source: Chempricehub Information

Today, acrylic acid prices in East China held steady at 8,900 RMB/ton compared to the previous trading day. Raw material propylene continued its downward trend, weakening support for acrylic acid prices. Factories and traders maintained firm pricing offers. Market sentiment was generally calm with moderate transactions; downstream follow-up pace slowed, and actual transaction prices shifted lower.

3. Production Dynamics

The average capacity utilization rate of the acrylic acid industry was 66.33% today, remaining unchanged from the previous day. Profit margins for acrylic acid in East China were -247 RMB/ton, an increase of 35.50 RMB/ton from the previous day.

4. Price Forecast

Propylene costs continue to decline, leading to a loosening of cost-side support. Factories and inventory holders are maintaining firm price offers. Although overall industry operating rates have decreased, expectations for price increases driven by reduced operations remain low due to weak inventory and demand levels, which have not yet translated into increased demand. Market trading activity is subdued, with downstream transactions primarily consisting of small orders and general volume. The acrylic acid market is expected to trade weakly within its current range today.

5. Related Product Status

Propylene: Today, the center of gravity for propylene transactions in Shandong slipped slightly. The mainstream closing reference price was 11,440–11,550 RMB/ton, with an average price of 11,495 RMB/ton, down 5 RMB/ton from the previous trading day. Although international crude oil prices continued their downtrend, propylene supply remained relatively tight. Coupled with improved shipments from certain enterprises, sellers' willingness to offer discounts diminished, resulting in only minor pullbacks in individual quotes. Downstream factories mainly purchased on a need-to-buy basis, with some actual orders showing premiums. Market trading conditions improved slightly compared to the previous day.

Butyl Acrylate: Negotiated prices for butyl acrylate in East China ranged between 10,200–10,300 RMB/ton. Today, the butyl acrylate market price consolidated at high levels. Raw material propylene traded sideways with a downward bias, n-butanol prices dipped, while acrylic acid prices remained largely stable with minor fluctuations. Cost-side support for butyl acrylate remained strong at high levels. Inventory holders continued to maintain high price offers. Downstream tape master roll and acrylic emulsion factories made purchases based on rigid demand. Consequently, the market transaction center of gravity consolidated at high levels.

6. Data Calendar

Table 4: Domestic Acrylic Acid Data Overview

Data Source: Chempricehub Information

Remarks:

1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuation, highlighting data dimensions with changes within 0–3%.