May 9 News – On May 9, Shanghai Huayi New Materials' ethyl acrylate price for East China delivery was 12,300 RMB/ton, a decrease of 300 RMB/ton from the previous quotation date, with actual transactions subject to negotiation. Chempricehub's assessment of ethyl acrylate: Bullish-Bearish Score: -1. Shanghai Huayi New Materials reported on May 9 an ethyl acrylate price of 12,300 RMB/ton for East China delivery, down 300 RMB/ton from the previous quotation, with actual transactions subject to negotiation. This reflects a relatively loose supply-demand balance in the current market, exerting a generally bearish influence on spot prices and putting downward pressure on spot performance. For acrylic acid, Bullish-Bearish Score: -0.5. Ethyl acrylate is a downstream product of acrylic acid. The downward adjustment in ethyl acrylate quotations will compress profit margins for related producers, thereby reducing their willingness to purchase and the procurement price for raw material acrylic acid, resulting in a slightly bearish impact on acrylic acid spot prices.
Comments
0