SunSirs: As the New Year Approaching, the Trend of the Market for Isooctyl Acrylate
February 04 2024 09:57:39 SunSirs (John)
Price trend
Recently (1.29-2.2), the price of isooctyl acrylate had risen. According to data from SunSirs, as of February 2nd, the average price of isooctyl acrylate in East China was 13,425 RMB/ton, an increase of 0.37% from last week. 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.
In terms of cost and demand
The market price of raw material acrylic acid was stagnant, while the market price of 2-EH was temporarily stable, and the cost was still facing market support. From the perspective of demand, it was difficult to effectively release downstream demand, with sporadic small orders on demand being the main focus, and the overall trading atmosphere was bleak.
On the supply side
The operating load of the isooctyl acrylate factory remained low, with a decrease in market supply and insufficient spot supply. It is expected that the market supply will remain low in the future, providing some positive support for the market.
Market outlook
The cost side prices of acrylic acid and 2-EH in the acrylic acid and 2-EH markets remained stable, with continued support on the cost side and no significant improvement in demand. This week, as the Spring Festival holiday approaching, factory shipping enthusiasm was average, and terminals were gradually entering the holiday. Purchasing expectations were weakened, and it is expected that the market for acrylic acid and 2-EH will maintain a stable trend. Pay attention to changes in enterprise equipment load and raw material market.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-04-18 SunSirs: Both Supply and Demand Had Bearish Factors, and Isooctyl Acrylate Fluctuated and Fell Back
- 2024-04-17 SunSirs: Demand Was Weak and the Market for Isooctyl Acrylate Was Downward under Pressure
- 2024-04-11 SunSirs: Deep Decline in Raw Materials, Isooctyl Acrylate Was Operating Stably
- 2024-02-22 SunSirs: The Cost Side Had slightly Increased, and Demand for Isooctyl Acrylate Was Waiting to Return after the Holiday
- 2024-01-18 SunSirs: The Release of Demand Side Was Slow, and the Market for Isooctyl Acrylate Was Stable
