I. Key Focus Areas
East China propylene market prices continued their downward trend. At the close of trading, the mainstream ex-tank price in East China was 11,525 RMB/ton; the mainstream ex-tank price in Ningbo was 11,650 RMB/ton; and the delivered reference price in Southern Jiangsu was approximately 11,500–11,600 RMB/ton. A significant overnight drop in crude oil prices, combined with price cuts from northern regions, led to bearish sentiment dominating among regional traders, causing transaction centers to decline further.
The Jiangsu n-butanol market referenced a shipping-out price of 8,800–8,900 RMB/ton. Market prices remained flat as wait-and-see sentiment increased. Although raw material propylene prices declined, high cost pressures supported elevated market prices. Downstream operators adopted a cautious approach, resulting in average levels of inquiries and transactions.
II. Price Table
Unit: RMB/ton
| Product | Region | Nov 2 | Nov 3 | Change Value |
|---|---|---|---|---|
| Propylene | East China | 11,500-11,850 | 11,400-11,650 | -100/-200 |
| n-Butanol | East China | 8,800-8,900 | 8,800-8,900 | 0/0 |
| 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 RMB inclusive of tax. | ||||
| 2. The two periods represent point-in-time prices from the previous two working days. | ||||
| 3. Change values indicate period-over-period fluctuations. |
Yesterday, the domestic butyl acrylate market maintained steady operations at high levels. Propylene prices fluctuated with minor corrections. Upstream raw materials n-butanol and acrylic acid continued to oscillate at high levels. Cost pressures on butyl acrylate persisted, prompting holders to maintain firm high-level quotations. Downstream users followed up with necessary purchases, keeping the market transaction center stable at high levels. Today, n-butanol is expected to fluctuate slightly weaker, leading to reduced cost support. Consequently, the butyl acrylate market is projected to experience narrow declines. Future attention should focus on market supply dynamics and raw material price movements.
III. Data Table
| Data Type | Oct 22 | Oct 29 | Change Value | 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 production indicators, calculated as the ratio of actual output by production facilities to total 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 represent point-in-time prices from the previous two working weeks prior to this week, not weekly averages. | ||||
| 4. Change values indicate period-over-period rates of change. |
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