January 12th News
On January 12th, Wanhua Chemical's butyl acrylate quotation in East China was reported at 7,950 yuan/ton, an increase of 100 yuan/ton compared to the previous quotation day.
Chempricehub Analysis:
Butyl Acrylate, Bull-Bear Score: 1
Wanhua Chemical's butyl acrylate quotation in East China rose by 100 yuan/ton to 7,950 yuan/ton, indicating tight spot market supply or increased demand, which directly benefits the spot price of butyl acrylate. The increase is significant but not at a major level, scoring as a general positive.
Acrylic Acid, Bull-Bear Score: 0.5
As a raw material for butyl acrylate, the price increase of butyl acrylate may indirectly boost the demand for acrylic acid, exerting a slight positive impact on the spot price of acrylic acid. However, as there is no direct quotation change involved, the score is based on indirect transmission effects.