SunSirs: Demand Was Weak and the Ethyl Acrylate Market Was Weakly Downward

Price trend

This week, the market for ethyl acrylate had been fluctuating and weakening. There was also inventory pressure in the ethyl acrylate market, which provided limited support for the actual cost of ethyl acrylate. The fundamental stalemate in the market continued, and the supply and demand structure in various regions of China remained stable. There was not much change in enterprise equipment. As of March 12th, the benchmark price of ethyl acrylate in SunSirs was 9,480 RMB/ton, a decrease of 0.26% compared to last Monday (9,505 RMB/ton).

Supply side

As of March 12th, there was no significant fluctuation in the acrylic acid production equipment, and the inventory of spot supply was temporarily at a limited level. This week, the production capacity utilization rate of the acrylic acid industry was around 70%, a decrease of 0.34% compared to last week. The price of acrylic acid in the market remained stable and slightly increased, with lower end prices falling slightly. The weekly average price increased by 1.19% month on month; The weekly average price of propylene in Shandong fell by 0.23%, and the overall market slightly declined.

Demand side

The downstream acrylic resin, coating and other industries of ethyl acrylate mainly maintained rigid demand consumption, and the enthusiasm for downstream inquiries increased with the quotation of ethyl acrylate; The main focus was on maintaining fixed consumption of adhesive tape master rolls, and the procurement volume was mainly focused on small orders with a high demand; Acrylic acid lotion industry maintained rigid demand procurement.

Market outlook

After analyzing the follow-up of the upstream and downstream chain market and the transmission progress of market influencing factors, analysts from SunSirs believe that as of March 12th, the ethyl acrylate market may still be affected by the overall weak situation as an intermediate, and the stalemate may still require clear assistance and stimulation.

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