SunSirs: After the Holiday, the Market Atmosphere Was Slightly Warmer, and Butyl Acrylate Market Slightly Increased

Price trend

Recently (2.13-2.20), the price of butyl acrylate has slightly decreased. According to data from SunSirs, as of February 20th, the average price of butyl acrylate in East China was 9,580 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

After the holiday, the raw material market temporarily stabilized, and the utilization rate of butyl acrylate production capacity remained stable. The factory mentality was bullish, and the quotation was pushed up. Downstream factories gradually turned against the market, and the purchasing mentality was cautious. The wait-and-see atmosphere on the market was strong, and most waited for further market clarity. It is expected that the trading market will gradually become active today, and downstream markets will still adopt a wait-and-see attitude, with contracts being the main focus, while butyl acrylate may maintain a strong operation.

Market outlook

Overall, analysts from SunSirs believe that with the end of the holiday, there is an expectation of high demand for domestic butyl acrylate supply and demand, and some terminals are in a state of replenishment. The production of acrylic acid and ester units is expected to drive an increase in downstream demand. In addition, the exploratory boost in the acrylic acid and ester industry after the holiday may bring support and benefits to butyl acrylate. It is expected that the trading market will gradually become active today, and downstream markets will still adopt a wait-and-see attitude, with contracts being the main focus, while butyl acrylate may maintain a strong operation.

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