Prompt

I. Key Points

1. Oct 29: Mediators continued to push for US-Iran peace talks, causing international oil prices to drop. However, conflict risks remained unresolved, limiting the decline. NYMEX crude oil futures (December contract) fell by $0.78/bbl to $102, a -0.76% change day-on-day; ICE Brent crude futures (December contract) fell by $0.44/bbl to $114.88, a -0.38% change day-on-day. China INE crude oil futures (December 2026 contract) rose by 13.5 yuan/bbl to 735.9 yuan/bbl during the day session but dropped by 14.4 yuan/bbl to 721.5 yuan/bbl in the night session.
2. Yesterday, the domestic MMA market operated firmly. Cost-side support was strong, and holders maintained firm asking prices. The market exhibited clear bargaining dynamics, with trading volumes remaining at essential demand levels. The short-term outlook for the domestic MMA market is primarily consolidation.
3. Yesterday, the domestic butyl acrylate market continued its fluctuating upward trend. After noon, propylene prices surged strongly, while upstream raw materials n-butanol and acrylic acid remained high and firm. This increased cost pressure on butyl acrylate. Holders adjusted their quotes according to market conditions. Downstream players showed strong wait-and-see sentiment, though some factories entered the market proactively due to the "buy when rising, don't buy when falling" mentality. Market inquiries increased, and the trading center of gravity rose firmly. Today, the butyl acrylate market is expected to continue rising firmly. Future attention should be paid to market supply and fluctuations in raw material prices.

II. Price Table

Unit: CNY/ton

III. Market Outlook

Yesterday, raw material butyl acrylate rose, styrene fluctuated weakly, and the MMA market remained stable to slightly stronger. Cost-side support persists. Acrylic emulsion manufacturers and holders are mainly quoting stable prices to sell inventory. Downstream users are purchasing as needed, resulting in steady market negotiations. It is expected that today's raw material markets may maintain high-level consolidation, continuing to provide cost-side support. Acrylic emulsion manufacturers show strong wait-and-see sentiment and are likely to maintain stable price quotes. Downstream users will follow orders for procurement. The acrylic emulsion market is expected to remain stable. Future focus should be on dynamics in the butyl acrylate, MMA, and styrene raw material markets, as well as downstream trends.