April 22, 2024 – On April 22, Wanhua Chemical's butyl acrylate quotation in North China was reported at RMB 12,600 per ton, a decrease of RMB 700 per ton compared to the previous quotation date.

Chempricehub analysis of butyl acrylate: Bull-Bear Score: -1
Wanhua Chemical's North China quotation fell by RMB 700 per ton to RMB 12,600 per ton, indicating oversupply or weak demand in the market, exerting downward pressure on spot prices. The price decline of approximately 5.3% reflects short-term bearish sentiment, likely stemming from weakened downstream consumption or increased inventory.

Acrylic acid, Bull-Bear Score: -0.5
As a major downstream product of acrylic acid, the significant price drop of butyl acrylate may suppress demand for acrylic acid, exerting a slight bearish impact on acrylic acid spot prices. However, the influence is indirect, and attention should be paid to changes in the price of raw material propylene and the overall supply-demand balance.