I. Key Highlights
Yesterday, the Shandong propylene market continued its upward trend. The mainstream closing reference price was 11,700–11,750 RMB/ton, with an average of 11,725 RMB/ton, representing a rise of 675 RMB/ton from the previous trading day. Rising international crude oil prices strengthened cost support for propylene. Combined with localized supply reductions, this boosted market confidence and trading activity. Producer inventories remained at low levels, with offers predominantly seeking higher prices. Buyers showed active interest, leading to wider premiums on actual transactions and a synchronous lift in the transaction center.
Yesterday, the Jiangsu n-butanol market referenced ex-warehouse prices of 8,450 RMB/ton (note: range listed as 8450-8450). Prices remained flat with strong wait-and-see sentiment prevailing. Although the sharp surge in raw material propylene prices increased cost pressure and supported high-level pricing, downstream willingness to take delivery was low. Production inquiries and actual transactions were somewhat subdued.
II. Price Table
| Product | Market Name | 2026/10/28 | 2026/10/29 | Change Value | Change Rate | Unit |
|---|---|---|---|---|---|---|
| Propylene | Shandong | 11,000–11,100 | 11,700–11,750 | 700 / 650 | 6.36% / 5.86% | RMB/ton |
| N-Butanol | East China | 8,450–8,450 | 8,450–8,450 | 0 / 0 | 0% / 0% | RMB/ton |
| Acrylic Acid | East China | 8,300–8,500 | 8,300–8,500 | 0 / 0 | 0% / 0% | RMB/ton |
| Butyl Acrylate | East China | 9,700–9,800 | 9,750–9,850 | 50 / 50 | 0.52% / 0.51% | RMB/ton |
| Tape Master Roll | East China | 11,500–11,600 | 11,500–11,600 | 0 / 0 | 0% / 0% | RMB/ton |
Yesterday, the domestic acrylic acid market operated steadily. The rapid surge in raw material propylene prices reinforced cost-side support. Factories and stockholders maintained firm offers. Demand remained constrained, resulting in moderate trading atmosphere. Downstream transactions were flat, primarily consisting of small orders, making it difficult for actual transaction prices to rise. It is expected that today’s acrylic acid market may continue to operate strongly due to rising costs. Continuous attention should be paid to cost-side trends and downstream follow-up pace.
III. Data Table
| Data Type | Oct 22 | Oct 29 | Change Value | Expectation |
|---|---|---|---|---|
| Acrylic Acid Industry Capacity Utilization Rate | 69.25% | 64.66% | -4.59% | ↗ |
| Butyl Acrylate Industry Capacity Utilization Rate | 58.13% | 56.19% | -1.94% | ↗ |
| Acrylic Acid Industry Production Profit Margin | -5.90% | -7.85% | -1.95% | ↗ |
| Butyl Acrylate Industry Production Profit Margin | -10.05% | -12.30% | -2.25% | ↗ |
| Notes | ||||
|---|---|---|---|---|
| 1. Capacity utilization rate refers to the ratio of production output to capacity for producers' units, reflecting production indicators. | ||||
| 2. Production profit margin is industry-wide data, reflecting the overall profitability in major regions, calculated as the ratio of industry profit to price. | ||||
| 3. The two periods refer to point-in-time prices from the two preceding work weeks prior to this week, not weekly averages. | ||||
| 4. Change rates represent period-over-period fluctuations. |
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