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SunSirs: The Release of Demand Side Was Slow, and the Market for Isooctyl Acrylate Was Stable

January 18 2024 14:57:00     SunSirs (John)

Price trend

Recently (1.8-1.16), the price of isooctyl acrylate had remained stable. According to data from SunSirs, as of January 16th, the average price of isooctyl acrylate in East China was 13,425 RMB/ton, and the prices in various regions were as follows:

The reference price for the East China market was 14,500 RMB/ton; The reference price for the North China market was 14,600 RMB/ton, while the reference price for the South China market was 14,700 RMB/ton.

Analysis review

In terms of isooctyl acrylate, although there was still a slight increase in the price of raw material 2-EH, after the price of isooctyl acrylate rose to a high level in the early stage, high priced shipments were hindered, market inquiries and trading volume weakened, leading to a certain price decline.

The downstream lotion, tape master roll and other industries of isooctyl acrylate gave priority to consuming their own inventory. The overall purchasing enthusiasm was weak, and the overall performance of the end consumer end was flat. Although there is a possibility of stocking up before the festival in the future, the downstream expectation is cautious, which may affect the stocking rhythm of the market.

Market outlook

According to an analyst at SunSirs, the raw material side was showing a slight weak performance, which lacked further driving force for the isooctyl acrylate market in the short term. However, demand constraints still constrained the market from achieving sustained improvement. It is expected that the market for isooctyl acrylate will fluctuate and adjust narrowly in the near future.

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