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SunSirs: Analysis of Recent Trends in the Butyl Acrylate Market
January 11 2024 13:57:44SunSirs(John)

Price trend

In recent days (1.1-1.10), the market for butyl acrylate had experienced a stable price after an increase. In the early stage, the increase in raw material n-butanol and the intensification of supply side contraction had become the core driving force supporting market price increases. However, after the high level of raw materials fell before the holiday, the upward momentum of the butyl acrylate market weakened. In addition, due to the off-season of traditional consumption, the overall performance of butyl acrylate consumers was lackluster. The high price shipment of butyl acrylate in the market had been hindered, and the transaction focus had narrowed. As of January 10th, the average price of butyl acrylate in East China was 9,640 RMB/ton, an increase of 4.78% from the beginning of the month.

Analysis review

The main factor affecting the butyl acrylate market was that the downstream acrylic lotion market was in the off-season in January, and the enthusiasm of the downstream to take goods was insufficient. The wait-and-see attitude towards the raw material market was higher, and the actual transactions were limited. On the supply side of the tape master roll industry, the industry had added production while manufacturers had started production relatively steadily. Downstream consumption was slow, and on-site supply was relatively abundant. On the demand side, due to the recent stable and fluctuating market trends of industrial chain products, the wait-and-see sentiment on the market had intensified, and the atmosphere of market negotiations was light.

Market outlook

According to analysts from SunSirs, after entering January, with a strong increase in raw material 2-EH and a slowdown in market demand, users in the butyl acrylate market were mainly buying small orders. Expectations for stock preparation before the end of the month and holidays suggest that prices may rebound. Based on market data, the butyl acrylate industry is playing a game between terminal demand, resulting in stable market prices.

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