I. Key Points
- The East China propylene market price trended steadily. At closing, the mainstream price in the East China market was 10,000 RMB/ton (ex-tank); the mainstream price in Ningbo was 10,100 RMB/ton (ex-tank); and the delivered reference price in Southern Jiangsu was approximately 10,100 RMB/ton. Although international oil prices remained strong, providing cost support to the market, downstream resistance to high prices emerged. Procurement follow-up slowed down, dampening trading sentiment. Market quotes generally held steady, with limited fluctuation in actual transaction ranges.
- The Jiangsu n-butanol market reference price was 8,850–8,850 RMB/ton (ex-warehouse). The market price center rose slightly. Sustained increases in raw material propylene prices provided strong cost-side support. Market supply was limited, while downstream demand remained primarily for rigid needs.
II. Price Table
Unit: RMB/ton
III. Data Table
IV. Market Outlook
Last week, the domestic butyl acrylate market experienced significant upward movement. Raw material n-butanol also continued to rise, placing notable pressure on butyl acrylate costs. Holders actively supported the market with firm high-price quotes. Some downstream factories followed up with inquiries based on rigid demand, leading to substantial and firm increases in negotiated transaction prices. It is expected that today's raw material n-butanol will likely remain firm at high levels due to cost-side influences. The butyl acrylate market is projected to consolidate at high levels. Future attention should focus on changes in market supply and downstream demand guidance.
V. Data Calendar
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