May 11 - On May 11, Wanhua Chemical's East China butyl acrylate quotation was 9,700 RMB/ton, down 300 RMB/ton from the previous quotation. Chempricehub analysis of butyl acrylate: Bullish-bearish rating: -1
Wanhua Chemical, a leading enterprise in the domestic chemical industry, lowered its East China butyl acrylate quotation by 300 RMB/ton to 9,700 RMB/ton compared to the previous quotation. This represents a clear bearish signal for spot butyl acrylate prices, and is expected to drive similar price reductions across the domestic market, shifting the spot transaction focus downward.
Acrylic acid: Bullish-bearish rating: -0.5
Butyl acrylate is a key downstream application of acrylic acid. The decline in butyl acrylate quotations will in turn suppress the bargaining space on the demand side for acrylic acid, exerting a mild bearish impact on spot acrylic acid prices. Spot prices for acrylic acid may subsequently follow a weakening trend.