Morning Market Update: Butyl Acrylate

I. Key Points

1. The East China propylene market showed weak consolidation. As of the close, the mainstream price in East China was CNY 10,350/ton ex-tank; Ningbo’s mainstream price was CNY 10,400/ton ex-tank; and South Jiangsu delivered prices referenced CNY 10,500–10,500/ton. Regional enterprises posted mixed offers (some up, some down). Downstream buyers purchased on dips but had limited capacity to absorb higher prices, resulting in continued weakness in spot transaction prices.

2. The Jiangsu n-butanol market referenced CNY 7,900–7,900/ton ex-warehouse. Prices fluctuated downward with increasing wait-and-see sentiment. With raw material propylene continuing to decline, downstream operators acted cautiously with low willingness to take delivery, leading to sluggish inquiries and transactions.

II. Price List

Unit: CNY/ton

Notes:

1. Prices are VAT-inclusive RMB prices. Unit: CNY/ton.
2. The two periods refer to point prices from the previous two working days.
3. Changes represent period-over-period fluctuations.

Yesterday, the trading center of gravity for domestic butyl acrylate continued to shift downward. Propylene prices moved weakly with narrowing declines. Upstream raw materials n-butanol and acrylic acid also saw their centers of gravity fluctuate downward simultaneously. Cost support for butyl acrylate continued to weaken. Holders quoted prices according to market trends, with some offering cautious discounts to clear inventory. Downstream users entered the market actively for purchases only to a limited extent, reflecting a cautious and bearish market sentiment. It is expected that today, raw material n-butanol will trend weakly with fluctuations. Due to insufficient cost support, the butyl acrylate market is projected to follow a downward fluctuating trend. Future attention should be focused on market supply and changes in raw material prices.

III. Data List

Notes:

1. Capacity utilization rate reflects production levels, calculated as the ratio of actual output to installed capacity.
2. Production profit margin is industry-wide data reflecting overall profitability in major regions, calculated as the ratio of industry profit to price.
3. The two periods refer to point prices from the previous two working weeks prior to this week, not weekly average prices.
4. Changes represent period-over-period rates of change.