SunSirs: Weak Demand Led to a Slight Decline in the Market Price of Futyl Acrylate
February 04 2024 10:59:16 SunSirs (John)Price trend
Recently (1.29-2.2), the price of butyl acrylate had slightly decreased. According to data from SunSirs, as of February 2, the average price of butyl acrylate in East China was 9,560 RMB/ton, a decrease of 0.21% from last Monday. The prices in various regions were as follows: the reference price in the East China market was 10,000 RMB/ton; The reference price for the North China market was 10,100 RMB/ton, while the reference price for the South China market was 10,200 RMB/ton.
Analysis review
In the absence of demand support and sustained poor profitability, the production of butyl acrylate had remained at a relatively low level, so there was not much pressure on the industry to accumulate inventory. From the perspective of downstream market operation, with the arrival of the Spring Festival, there may be a certain demand release in the downstream adhesive tape industry, with moderate replenishment. The overall trading rhythm may still be dominated by rigid demand, and there may be less behavior of bulk replenishment in the downstream.
Market outlook
Overall, after entering February, with weak fluctuations in raw materials and shrinking demand, there is limited room for exploration in the butyl acrylate market. Overall, under the game of cost and demand, the trend of the butyl acrylate industry in February will not be significant.
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