This cycle (5.6-5.13) saw a narrow decline in the butyl acrylate market. As of May 13th, the benchmark price of butyl acrylate in Shengyishe was 9380.00 yuan/ton, a decrease of -0.64% compared to the beginning of this month (9440.00 yuan/ton). The prices in the East China market are between 9250-9350 yuan/ton, the North China market is between 9350-9550 yuan/ton, and the South China market is between 9450-9650 yuan/ton. Market range consolidation, weak and stable quotes from mainstream production enterprises, market holders negotiate actual price reductions, and downstream buyers replenish positions as needed on dips.
Supply side:
In this cycle, the domestic market price of n-butanol remained stable with a strong trend. The ex factory price in Shandong was 7900-7950 yuan/ton, and the production of n-butanol in the market slightly declined. In addition, factory inventory remained low, leading to a tightening of spot supply in the market. The overall downstream production was stable, with primary demand procurement and active low price transactions in the market. It is expected that the domestic price of n-butanol will shift towards high-end operation next week.
The range of raw material acrylic acid market has been sorted and operated. As of May 13th, the benchmark price of acrylic acid in Shengyishe was 6900.00 yuan/ton, an increase of 1.10% compared to the beginning of this month (6825.00 yuan/ton). The cost pressure on acrylic acid is still ongoing. Recently, production equipment has been shut down for maintenance, providing some support for the market. Some large factories have raised their listed prices, boosting bullish confidence among businesses. Holders are reluctant to sell at high prices, while downstream markets are cautious and cautious. In the short term, the market may fluctuate and consolidate.
Demand side:
The trading rate of adhesive tape master rolls in the market has slowed down compared to the previous period, and there has been a decrease in procurement in recent times. Some orders are now being accepted and processed. The order volume of tape master roll enterprises has declined, and the market performance is slightly lackluster. Tape master roll enterprises have accumulated inventory, which is sufficient and has a certain negative effect on prices.
The acrylic acid lotion market is facing a situation of insufficient demand for goods and continuous tightening of profit margin. The market continues to be stable for the time being. The industry lacks confidence in the future market. The downstream is obviously wait-and-see, cautious in entering the market, and the atmosphere of trading and investment in the market is light. It is expected that this situation will continue next week, and the market improvement will be limited.
Overall
In recent times, the market for butyl acrylate has mainly digested the increase, with mixed fluctuations in raw material prices, showing a trend of range consolidation. It is mainly for first-time purchases, and the trading volume has decreased compared to the previous period. From the perspective of market mentality, downstream segmented users are cautious and cautious. Business Society analysts predict that the price of butyl acrylate may temporarily stabilize and consolidate.
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