I. Key Focus Areas
Propylene prices in East China trended slightly lower amid stable conditions. As of the closing, mainstream ex-tank prices in East China stood at RMB 11,475/ton; Ningbo mainstream ex-tank prices were RMB 11,650/ton; and South Jiangsu delivered reference prices were around RMB 11,500–11,600/ton. Currently, arbitrage opportunities exist for imported resources, exerting pressure on road transport transactions in East China. Enterprises remain in a wait-and-see mode, with offers trending slightly lower and transaction centers following suit.
Jiangsu n-butanol market reference prices (ex-works) ranged from RMB 8,700 to 8,800/ton. Market prices fluctuated downward as wait-and-see sentiment intensified. Feedstock propylene prices dipped slightly, keeping costs high and providing minor support to prices. However, downstream participants remained cautious, resulting in weak inquiries and limited transactions.
II. Price Table
Unit: RMB/ton
| Product | Region | Nov 3 | Nov 4 | Change |
|---|---|---|---|---|
| Propylene | East China | 11,400–11,650 | 11,300–11,650 | -100/0 |
| N-Butanol | East China | 8,800–8,900 | 8,700–8,800 | -100/-100 |
| Acrylic Acid | East China | 8,800–9,000 | 8,800–9,000 | 0/0 |
| Butyl Acrylate | East China | 10,200–10,300 | 10,200–10,300 | 0/0 |
| Tape Master Roll | Jiangyin | 11,900–12,100 | 11,900–12,100 | 0/0 |
| Notes: 1. Prices are inclusive of VAT in RMB. | ||||
| 2. The two periods refer to spot prices from the previous two working days. | ||||
| 3. Changes represent period-on-period fluctuations. |
Domestic butyl acrylate markets operated at high levels yesterday. Propylene prices fluctuated within a narrow range and pulled back slightly. Upstream feedstocks n-butanol and acrylic acid maintained narrow-range consolidation at high levels. Cost pressures on butyl acrylate persisted at elevated levels. Holders maintained high offers, while downstream users followed up with demand-driven purchases. Transaction centers continued to consolidate at high levels. With crude oil prices dropping significantly, n-butanol is expected to trend weakly today, reducing cost support. Consequently, the butyl acrylate market is likely to consolidate weakly. Future attention should focus on supply dynamics and feedstock price movements.
III. Data Table
| Indicator | Oct 22 | Oct 29 | Change | Trend |
|---|---|---|---|---|
| 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% | ↗ |
| 1. Capacity utilization rate reflects the ratio of production volume to capacity for manufacturing enterprises, indicating production levels. | ||||
| 2. Production profit margin is industry-level data reflecting overall profitability across mainstream regions, calculated as industry profit as a percentage of price. | ||||
| 3. The two periods refer to spot prices from the previous two working weeks prior to this week, not weekly averages. | ||||
| 4. Changes represent period-on-period rates of change. |
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