January 12th News
On January 12th, Wanhua Chemical's butyl acrylate quotation in South China was reported at 7,850 yuan/ton, an increase of 200 yuan/ton compared to the previous quotation date.
Chempricehub Analysis:
Butyl Acrylate, Bull-Bear Score: 1.5
The price rose by 200 yuan/ton to 7,850 yuan/ton, indicating stronger demand or tighter supply, which directly benefits spot prices. This increase of approximately 2.55% reflects positive market fundamentals, likely driven by a recovery in downstream application demand, supporting a stronger spot market performance.
Acrylic Acid, Bull-Bear Score: 0.5
As an upstream raw material for butyl acrylate, the rise in its quotation may indirectly drive increased demand for acrylic acid, exerting a mildly positive impact on spot prices. However, the article does not directly mention price changes for acrylic acid, necessitating attention to supply-demand dynamics. The current impact is limited and neutral to slightly favorable.