February 24th News
On February 24th, the delivered price of ethyl acrylate from Shanghai Huayi New Materials in East China was 9,500 yuan per ton, an increase of 100 yuan per ton compared to the previous quoted day, with actual orders subject to negotiation.
Chempricehub Analysis:
Ethyl Acrylate, Bull-Bear Score: 1
The article indicates that the delivered price of ethyl acrylate from Shanghai Huayi New Materials in East China has risen by 100 yuan per ton to 9,500 yuan per ton, suggesting tightening supply and demand in the spot market, driven by increased demand or stronger cost support. This directly benefits spot prices, likely due to rising demand from downstream applications such as coatings and adhesives. Score: +1.0 (moderately bullish), as the significant price increase is tempered by the fact that actual orders are subject to negotiation, reflecting cautious optimism in the market.
Acrylic Acid, Bull-Bear Score: 0.5
The price increase of ethyl acrylate, a downstream derivative of acrylic acid, may indirectly boost demand for acrylic acid in the spot market, as producers' willingness to procure raw materials strengthens. As an upstream raw material, acrylic acid benefits from the transmission effect along the industrial chain, though the impact is relatively indirect. Score: +0.5 (slightly bullish), with attention needed on subsequent actual transactions and supply changes to avoid excessive optimism.