I. Key Points
Propylene prices in East China declined. By market close, the mainstream ex-tank price in East China was 9,225 yuan/ton; the mainstream ex-tank price in Ningbo was 9,250 yuan/ton; and the delivered price in the Sunan (southern Jiangsu) area was around 9,450 yuan/ton. Dragged down by the weakening main market, regional offers moved lower. Market participants mainly followed up based on rigid demand, and trading showed no marked improvement.
The reference price for n-butanol in Jiangsu was 8,200–8,300 yuan/ton ex-warehouse. Market prices steadied into consolidation, with a stronger wait-and-see atmosphere. Downstream players operated cautiously. Inquiries and transactions were concentrated at the lower end of the price range, while higher-priced deals decreased.
II. Price Table
Unit: yuan/ton
| Product | Region | Sep 4 | Sep 7 | Change |
|---|---|---|---|---|
| Propylene | East China | 9400-9500 | 9200-9250 | -200/-250 |
| n-Butanol | East China | 8200-8300 | 8200-8300 | 0/0 |
| Acrylic acid | East China | 7600-7700 | 7600-7700 | 0/0 |
| Butyl acrylate | East China | 9050-9150 | 9050-9150 | 0/0 |
| Adhesive tape jumbo roll | Jiangyin | 10200-10400 | 10200-10400 | 0/0 |
Notes:
Yesterday, the domestic butyl acrylate market consolidated at high levels. As feedstock n-butanol supply increased, n-butanol prices moved with a stable-to-weak tone, which slightly eased cost-side pressure on butyl acrylate. Holders continued to offer at high levels and kept quotations firm. Some downstream plants followed up with inquiries based on rigid demand, while actual transaction negotiations remained consolidated at high levels. Today, feedstock n-butanol is more likely to fluctuate and consolidate in a range, and the butyl acrylate market is expected to continue its high-level consolidation. Going forward, close attention should be paid to changes in market supply and downstream demand for directional guidance.
III. Data Sheet
| Data Type | Aug 27 | Sep 3 | Change | Expectation |
|---|---|---|---|---|
| Acrylic acid industry capacity utilization | 68.54% | 70.70% | 2.16% | ↗ |
| Butyl acrylate industry capacity utilization | 56.93% | 56.32% | -0.61% | ↘ |
| Acrylic acid industry production profit margin | 3.72% | -3.29% | -7.01% | ↗ |
| Butyl acrylate industry production profit margin | -6.85% | -10.60% | -3.75% | ↗ |
Notes:
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