I. Key Focus Points

1. Nov 9: The U.S. downplayed expectations of a strike on Iran, easing supply risk concerns and causing international crude oil prices to fall. NYMEX WTI futures (December contract) closed at $86.85/bbl, down $3.98 (-4.38%); ICE Brent futures (January contract) closed at $92.57/bbl, down $5.75 (-5.85%). China INE crude oil futures (SC2701 contract) fell by 1.1 yuan to 630.7 yuan/bbl during the day session, and dropped another 25 yuan to 605.7 yuan/bbl in the night session.

2. Domestic MMA market prices declined yesterday. Demand was moderate with weak inquiries; holders lowered their offers, while downstream purchasing enthusiasm remained insufficient, resulting in no significant improvement in negotiations. The domestic MMA market is expected to remain slightly sluggish in the short term.

3. The domestic butyl acrylate market continued its volatile downward trend yesterday. Propylene prices maintained a weak downward trajectory, and negotiation levels for upstream raw materials (n-butanol and acrylic acid) declined, reducing cost support for butyl acrylate. Holders adjusted offers according to market conditions, with sentiment predominantly bearish and a wait-and-see attitude prevailing among participants. Downstream users showed little initiative in entering the market for inquiries. It is projected that n-butanol prices will stabilize within a weak range today, keeping cost support low, and the butyl acrylate market may continue its weak performance. Future attention should focus on market supply dynamics and changes in raw material prices.

II. Price Table

Unit: CNY/ton
(Note: "丙烯酸异辛酯" typically refers to 2-Ethylhexyl Acrylate or Isobornyl Acrylate depending on specific context, translated here as Acrylic Ester variant based on standard industry mapping for this position).

III. Market Outlook

Yesterday, butyl acrylate, MMA, and styrene all exhibited downward trends, with pressure from the cost side continuing to ease. Acrylic emulsion factories maintained stable pricing to clear inventory, with minimal fluctuations in offers. Downstream sentiment remains cautious/wait-and-see, with purchases supported only by rigid demand, keeping the trading center of gravity largely stable. In the short term, macro fundamentals are experiencing frequent sentiment shifts. Raw material markets may continue a narrow-range weakening trend. As emulsion companies' offer flexibility gradually increases and actual transactions settle, end-users are expected to purchase on an as-needed basis. The emulsion market is projected to run weakly stable. Future monitoring should focus on dynamic changes in raw materials such as butyl acrylate, MMA, and styrene, as well as downstream market activities.