Cost pressures mount as the acrylic emulsion market trends upward.

1. Daily Summary

① On October 26, domestic styrene prices rose. In the Jiangsu region, mainstream spot transaction prices closed at RMB 11,800–12,120 per ton, with an average increase of RMB 440 per ton compared to the previous day. Continuous destocking of port inventories for both pure benzene and styrene has tightened spot supply, pushing market prices higher. Morning short-covering bids concentrated in the session briefly strengthened basis spreads; however, as holders actively sold off inventory and downstream demand struggled to absorb high prices, basis spreads pulled back after peaking.

② The negotiated reference price for MMA in East China stood at RMB 13,000–13,100 per ton. Market sentiment shifted upward today due to strong raw material markets and rising cost pressures, leading to higher quoted prices. Downstream buyers remained cautious about chasing highs, with transactions primarily based on actual orders and real-time negotiations.

③ Negotiated prices for butyl acrylate in East China ranged from RMB 9,550–9,650 per ton, up RMB 150 per ton from the previous business day. Butyl acrylate prices saw a slight increase today. Propylene prices surged over the weekend, lifting the cost center for n-butanol due to its correlation with propylene, thereby strengthening the cost support for butyl acrylate. Low-priced offers decreased as producers adjusted quotes in line with market trends. Downstream users, such as tape master roll and acrylic emulsion manufacturers, focused mainly on consuming contract volumes and existing inventories, with only limited inquiries driven by rigid demand. Overall market activity fluctuated within a narrow upward trend.

2. Spot Market Overview

Table 1: Summary of Domestic Acrylic Emulsion Prices in East China (Unit: RMB/ton)

Based on East China benchmarks, today’s prices were RMB 6,400/ton for styrene-acrylic emulsion and RMB 8,150/ton for pure acrylic emulsion, reflecting a month-on-month increase for styrene-acrylic emulsion compared to the previous business day.

The acrylic emulsion market trended upward today. Upstream raw materials—specifically butyl acrylate, MMA, and styrene—all saw price increases, intensifying cost pressures. Consequently, emulsion producers and traders maintained firm pricing strategies, while downstream enterprises adopted a "buy-as-needed" approach. Negotiations continued to reflect an upward trend.

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3. Production Dynamics

Regarding profitability for acrylic emulsions, the profit margin for pure acrylic emulsion was 9.97%, while the margin for styrene-acrylic emulsion was -4.29%. Both margins declined compared to the previous business day.

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4. Price Forecast

The acrylic emulsion market is expected to remain stable. In the short term, upstream raw materials such as butyl acrylate, MMA, and styrene are likely to continue rising, further increasing cost pressures. Producers and traders may maintain firm pricing in response to these costs, while end-users will enter the market to negotiate purchases. The acrylic emulsion market is projected to trade steadily with a bullish bias. Key focus should remain on the trends of butyl acrylate, MMA, and styrene.

5. Related Products Status

Table 2: Summary of Prices for Related Products to Acrylic Emulsion (Unit: RMB/ton)

6. Data Calendar

Table 3: Domestic Acrylic Emulsion Data Overview