February 24th News
On February 24th, the delivered price of 2-ethylhexyl acrylate in East China by Shanghai Huayi New Materials was 9,200 RMB/ton, an increase of 100 RMB/ton compared to the previous quoted day, with actual orders subject to negotiation.
Chempricehub Analysis:
2-Ethylhexyl Acrylate, Bull-Bear Score: 1
The article indicates that the delivered price of 2-ethylhexyl acrylate in East China increased by 100 RMB/ton to 9,200 RMB/ton, suggesting stronger downstream demand or tightening supply, which is favorable for spot prices. The price rise may be attributed to rising costs of chemical raw materials or active market procurement. It is expected that the spot market will remain firm in the short term, but the emphasis on actual order negotiations indicates limited upward momentum, representing a general positive.
Acrylic Acid, Bull-Bear Score: 1
As the primary raw material for 2-ethylhexyl acrylate, the price increase of its downstream product will drive demand for acrylic acid, providing support for spot prices. Although the article does not directly mention acrylic acid prices, the price rise of 2-ethylhexyl acrylate reflects improved industry chain sentiment. It is anticipated that the acrylic acid spot market may follow suit with an upward trend, representing a moderate positive, categorized as a general favorable factor.