Recently, some domestic acrylate products have been affected by the overhaul of domestic equipment and the substantial increase in overseas exports. The market supply is obviously tight, and the overall volume and price are improving. The overall market sentiment is warm, with factories mainly delivering contracts, cargo holders facing less pressure to ship, and offers running steadily. Among them, the price of isooctyl acrylate has increased significantly, mainly due to the increase in the price of upstream raw materials, which has a certain impact on market prices.
Looking at other products in the industry chain, the price fluctuations of acrylic acid are limited, mainly because, on the one hand, the price of raw material propylene has rebounded, rising by -0.18% compared with the beginning of this month. The average ethanol market price increased by 0.62% compared with the beginning of this month. The average market price of n-butanol increased by 3.83% compared with the beginning of this month. The monthly average price of isooctyl alcohol market increased by 1.04% compared with the beginning of this month. Most alcohol market prices have increased this month, which is beneficial to support the acrylate market.
The acrylic acid downstream water-reducing agent market maintains stable operation. The quotations of individual monomer manufacturers fluctuate within a narrow range. Downstream demanders are not highly sensitive to price. They are cautiously waiting to receive orders for urgent needs, and the early inventory digestion is slow. It is expected that the short-term individual market may continue to maintain stable operation.
There is oversupply but insufficient demand in the downstream SAP industry of acrylic acid. This is because although my country’s SAP has a large output and exports a lot, its product supply is mainly low-end products, and most high-end products need to be imported from Japan and other countries. , causing a drag on the market. The supply of the SAP industry has the characteristics of structural imbalance. At present, the market price of acrylic acid in the north is relatively stable. The quotations of some major manufacturers in the East and South China markets have increased slightly, but the follow-up of market transactions is still slow.
Overall, the current acrylic acid ester market is mainly affected by raw materials and downstream demand. The acrylic acid and ester market is still dominated by the supply and demand game in the short term, and the room for price fluctuations may be limited.
Post time: May-20-2024