I. Key Focus Areas
Yesterday, the Shandong propylene market continued its downward trend, with mainstream closing prices at RMB 10,400–10,500/ton (average: RMB 10,450/ton), a decrease of RMB 650/ton from the previous trading day. Sustained declines in international crude oil prices have intensified bearish sentiment among market participants. Facing high inventory pressure, producers have widened discounts on their offers, leading to secondary price adjustments for some shipments. Downstream buyers remain cautious, dragging actual transaction prices lower.
The n-butanol market was quoted at RMB 8,000/ton (ex-works) yesterday, showing weak and declining trends. The sharp consecutive drop in raw material propylene prices has weakened cost support. Downstream purchasing interest remains cautious with increased wait-and-see attitudes, resulting in sluggish inquiries and transactions.
II. Price Table
| Product | Market | Nov 10, 2026 | Nov 11, 2026 | Change | % Change | Unit |
|---|---|---|---|---|---|---|
| Propylene | Shandong | 11,000–11,200 | 10,400–10,500 | -600 / -700 | -5.45% / -6.25% | RMB/ton |
| n-Butanol | East China | 8,100–8,100 | 8,000–8,000 | -100 / -100 | -1.23% / -1.23% | RMB/ton |
| Acrylic Acid | East China | 8,700–8,800 | 8,600–8,700 | -100 / -100 | -1.15% / -1.14% | RMB/ton |
| Butyl Acrylate | East China | 9,600–9,800 | 9,600–9,700 | 0 / -100 | 0% / -1.02% | RMB/ton |
| Adhesive Tape Master Roll | East China | 11,500–11,700 | 11,400–11,600 | -100 / -100 | -0.87% / -0.85% | RMB/ton |
The domestic acrylic acid market declined yesterday. Raw material propylene continued to undergo significant downward adjustments, weakening cost-side support. Factories and stockholders adjusted quotes in line with market conditions. Trading activity remained average, with limited downstream transactions dominated by small orders; actual transaction centers shifted lower. Given the expected continued decline in propylene prices, acrylic acid is likely to trade weakly today with potential further downside. Attention should be paid to cost-side developments and downstream follow-through.
III. Data Table
| Data Type | Oct 29 | Nov 5 | Change | Trend |
|---|---|---|---|---|
| Acrylic Acid Industry Capacity Utilization Rate | 64.66% | 65.98% | +1.32% | ↗ |
| Butyl Acrylate Industry Capacity Utilization 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:
Comments
0