I. Key Points
Yesterday, the decline in Shandong propylene prices narrowed, with mainstream closing references at 10,350–10,500 CNY/ton and an average price of 10,425 CNY/ton, down 25 CNY/ton from the previous trading day. Divergence in enterprise shipments persisted, while offers remained largely stable within a narrow range. However, as propylene continued to offer discounts, downstream cost pressures eased, boosting restocking efforts at lower levels. This stimulated market activity and helped limit further downside movement.
Yesterday, Jiangsu n-butanol was quoted at 7,900–7,900 CNY/ton (ex-warehouse). The market trended downward amid volatility, with heightened wait-and-see sentiment. Continued declines in raw material propylene led to cautious operations among downstream buyers and low purchasing interest. Market inquiries and transactions remained sluggish.
II. Price Table
| Product | Market Name | Nov 11, 2026 | Nov 12, 2026 | Change Value | Change Rate | Unit |
|---|---|---|---|---|---|---|
| Propylene | Shandong | 10,400–10,500 | 10,350–10,500 | -50 / 0 | -0.48% / 0% | CNY/ton |
| n-Butanol | East China | 8,000–8,000 | 7,900–7,900 | -100 / -100 | -1.25% / -1.25% | CNY/ton |
| Acrylic Acid | East China | 8,600–8,700 | 8,500–8,600 | -100 / -100 | -1.16% / -1.15% | CNY/ton |
| Butyl Acrylate | East China | 9,600–9,700 | 9,500–9,600 | -100 / -100 | -1.04% / -1.03% | CNY/ton |
| Tape Master Roll | East China | 11,400–11,600 | 11,400–11,600 | 0 / 0 | 0% / 0% | CNY/ton |
Yesterday, the domestic acrylic acid market continued its downward trend. Raw material propylene maintained significant price cuts, weakening cost-side support. Producers and holders adjusted their offers in line with market conditions. Trading activity was moderate, with limited downstream transactions primarily consisting of small orders, causing the weighted average transaction price to decline. Today, given the weak trading range for propylene, acrylic acid is expected to remain under pressure. Attention should be paid to cost-side developments and downstream follow-through.
III. Data Table
| Data Type | Oct 29 | Nov 5 | Change Value | Expectation |
|---|---|---|---|---|
| Acrylic Acid Industry Operating Rate | 64.66% | 65.98% | -1.32% | ↗ |
| Butyl Acrylate Industry Operating Rate | 56.19% | 59.28% | -3.09% | ↗ |
| Acrylic Acid Industry Production Profit Margin | -7.85% | -0.58% | -7.27% | ↗ |
| Butyl Acrylate Industry Production Profit Margin | -12.30% | -8.39% | -3.91% | ↗ |
Notes:
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