January 5th News
On January 5th, Wanhua Chemical quoted the price of butyl acrylate in North China at 7,650 RMB/ton, a decrease of 250 RMB/ton compared to the previous quoted price.
Chempricehub Analysis:
Butyl Acrylate, Bull-Bear Score: -1
The article indicates that Wanhua Chemical's quoted price for butyl acrylate in North China is 7,650 RMB/ton, a decrease of 250 RMB/ton from the previous price, representing a decline of approximately 3.3%. This suggests oversupply in the market or weak downstream demand, exerting a generally bearish impact on spot prices. The price drop may stem from increased inventories or weakened end-consumption, and spot prices are expected to face downward pressure in the short term.
Acrylic Acid, Bull-Bear Score: -0.5
As a downstream derivative of acrylic acid, the price decline of butyl acrylate may reduce demand for the raw material acrylic acid, thereby exerting a slightly bearish impact on acrylic acid spot prices. Although the effect is indirect and potentially delayed, the expectation of weakened demand is likely to increase bearish sentiment in the market, placing moderate downward pressure on spot prices.