I. Key Points
On October 23, market focus shifted to the potential escalation of conflicts between the US and Iran, alongside the risk of continued Houthi attacks on Saudi energy facilities, driving international crude oil prices higher. The NYMEX WTI crude oil futures December contract rose by USD 3.80/barrel to USD 103.27/barrel (+3.82% week-on-week); the ICE Brent crude oil futures December contract rose by USD 3.55/barrel to USD 116.72/barrel (+3.14% week-on-week). The INE crude oil futures December 2026 contract in China rose by CNY 15 to CNY 717/barrel during the day session, and further increased by CNY 27.4 to CNY 744.4/barrel in the night session.
Last week, the domestic MMA market declined initially before rebounding. Due to weak demand, holders lowered their quotes early in the week. Following the decline, sales improved, and supported by costs, the market center shifted upward as downstream buyers cautiously followed suit. The market is expected to rise today.
Last week, the domestic butyl acrylate (BA) market fluctuated downwards. Upstream raw materials n-butanol and acrylic acid continued to fall due to insufficient cost and demand support, weakening the cost basis for BA. BA holders adjusted their quotes according to market trends. As month-end approached, some holders offered discounts to clear inventory cautiously. However, downstream users primarily focused on digesting existing stocks and fulfilling contracts, with limited proactive purchasing, causing the trading center to continue declining. Today, the BA market is expected to remain stable within a range. Future developments will depend on supply conditions and fluctuations in raw material prices.
II. Price Table
| Category | Region | 2026/10/22 | 2026/10/23 | Change |
|---|---|---|---|---|
| Upstream | ||||
| Propylene | Shandong | 10,250-10,600 | 10,700-10,820 | ↑ 450 / ↑ 220 |
| East China | 10,500-10,650 | 10,600-10,800 | ↑ 100 / ↑ 150 | |
| N-Butanol | Shandong | 8,000-8,150 | 8,100-8,220 | ↑ 100 / ↑ 70 |
| East China | 8,200-8,250 | 8,250-8,250 | ↑ 50 / 0 | |
| Octanol | Jiangsu | 9,700-9,750 | 9,700-9,750 | 0 / 0 |
| Acrylic Acid & Esters | ||||
| Acrylic Acid | East China | 7,800-8,000 | 7,800-8,000 | 0 / 0 |
| North China | 7,650-7,750 | 7,650-7,750 | 0 / 0 | |
| South China | 8,400-8,500 | 8,350-8,450 | ↓ 50 / ↓ 50 | |
| Refined Acrylic Acid | East China | 8,500-8,600 | 8,500-8,600 | 0 / 0 |
| Butyl Acrylate | East China | 9,400-9,600 | 9,400-9,500 | 0 / ↓ 100 |
| North China | 9,400-9,600 | 9,400-9,500 | 0 / ↓ 100 | |
| South China | 9,600-9,900 | 9,600-9,700 | 0 / ↓ 200 | |
| Ethyl Acrylate | Jiangsu | 10,700-10,800 | 10,600-10,800 | ↓ 100 / 0 |
| Methyl Acrylate | Jiangsu | 10,000-10,200 | 10,000-10,200 | 0 / 0 |
| 2-Ethylhexyl Acrylate | Jiangsu | 10,700-10,800 | 10,600-10,700 | ↓ 100 / ↓ 100 |
| Downstream & Related Products | ||||
| MMA | Shandong | 12,500-12,550 | 12,700-12,800 | ↑ 200 / ↑ 250 |
| East China | 12,700-12,800 | 12,800-12,900 | ↑ 100 / ↑ 100 | |
| Vinyl Acetate Monomer (VAM) | East China | 7,750-7,800 | 7,450-7,500 | ↓ 300 / ↓ 300 |
| South China | 7,400-7,600 | 7,400-7,500 | 0 / ↓ 100 | |
| Styrene | East China | 11,360-11,570 | 11,400-11,700 | ↑ 40 / ↑ 130 |
| Methacrylic Acid | East China | 15,000-15,000 | 14,800-14,900 | ↓ 200 / ↓ 100 |
| Acrylic Emulsion | Pure Acrylic | 7,700-8,500 | 7,700-8,500 | 0 / 0 |
| Styrene-Acrylic | 6,100-6,500 | 6,100-6,500 | 0 / 0 | |
| Adhesive Tape Master Roll | East China (50μ) | 11,100-11,200 | 11,100-11,200 | 0 / 0 |
Unit: CNY/ton
III. Market Outlook
Last week, upstream raw material butyl acrylate trended downward, while styrene and MMA markets rose. Cost-side support influenced market sentiment. Acrylic emulsion producers maintained stable pricing to facilitate shipments, and downstream users adopted a "buy-as-needed" approach, keeping market transactions steady. It is expected that raw material markets may continue to rise today, maintaining cost-side support. Producers and traders of acrylic emulsions are offering stable prices and actively selling, while downstream users follow cautiously. The acrylic emulsion market is projected to remain stable. Future attention should be paid to dynamics in the butyl acrylate, MMA, and styrene raw material markets, as well as downstream sectors.
| Category | Region | 2026/04/27 | 2026/04/28 | Change |
|---|---|---|---|---|
| Upstream | ||||
| Propylene | Shandong | 8,980-9,100 | 9,150-9,300 | ↑ 170 / ↑ 200 |
| East China | 9,600-9,650 | 9,650-9,700 | ↑ 50 / ↑ 50 | |
| N-Butanol | Shandong | 7,600-7,600 | 7,400-7,500 | ↓ 200 / ↓ 100 |
| East China | 7,650-7,700 | 7,600-7,650 | ↓ 50 / ↓ 50 | |
| Octanol | Jiangsu | 8,800-8,900 | 8,800-8,900 | 0 / 0 |
| Acrylic Acid & Esters | ||||
| Acrylic Acid | East China | 9,700-9,900 | 9,300-9,500 | ↓ 400 / ↓ 400 |
| North China | 9,700-9,800 | 9,400-9,600 | ↓ 300 / ↓ 200 | |
| South China | 9,700-9,900 | 9,500-9,700 | ↓ 200 / ↓ 200 | |
| Refined Acrylic Acid | East China | 10,300-10,600 | 10,100-10,400 | ↓ 200 / ↓ 200 |
| Butyl Acrylate | East China | 10,000-10,300 | 9,700-9,900 | ↓ 300 / ↓ 400 |
| North China | 10,000-10,300 | 9,700-9,900 | ↓ 300 / ↓ 400 | |
| South China | 10,000-10,200 | 9,700-9,900 | ↓ 300 / ↓ 300 | |
| Ethyl Acrylate | Jiangsu | 12,800-13,000 | 12,700-13,000 | ↓ 100 / 0 |
| Methyl Acrylate | Jiangsu | 13,000-13,600 | 12,800-13,400 | ↓ 200 / ↓ 200 |
| 2-Ethylhexyl Acrylate | Jiangsu | 12,300-12,600 | 12,300-12,600 | 0 / 0 |
| Downstream & Related Products | ||||
| MMA | Shandong | 12,500-12,500 | 12,200-12,200 | ↓ 300 / ↓ 300 |
| East China | 12,500-12,700 | 12,300-12,500 | ↓ 200 / ↓ 200 | |
| Vinyl Acetate Monomer (VAM) | East China | 10,900-10,900 | 10,200-10,200 | ↓ 700 / ↓ 700 |
| South China | 10,500-11,000 | 10,500-11,000 | 0 / 0 | |
| Styrene | East China | 10,120-10,180 | 10,040-10,170 | ↓ 80 / ↓ 10 |
| Methacrylic Acid | East China | 15,600-15,800 | 15,400-15,700 | ↓ 200 / ↓ 100 |
| Acrylic Emulsion | Pure Acrylic | 7,800-8,200 | 7,800-8,200 | 0 / 0 |
| Styrene-Acrylic | 6,600-7,400 | 6,500-7,300 | ↓ 100 / ↓ 100 | |
| Adhesive Tape Master Roll | East China (50μ) | 10,600-11,000 | 10,600-10,800 | 0 / ↓ 200 |
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