SunSirs: During the Spring Festival, Consolidation Was the Main Focus, and the Market for Ethyl Acrylate May Weaken after the Holiday

Price trend

Recently (2.13-2.20), the market price of ethyl acrylate in East China was 10,500 RMB/ton, and in North China it was 10,700 RMB/ton; The market price in South China was 10,800 RMB/ton.

Analysis review

As of February 20th, the market trend of ethyl acrylate had also declined narrowly. According to data from SunSirs, as of February 20th, the average price of ethyl acrylate in Shandong was 10,450 RMB/ton, a decrease of 1.42% compared to the previous month. During the Spring Festival, after returning to the market after the holiday, enterprises gradually resumed normal production, while most other enterprises had little change in their operating conditions.

Before the holiday, most downstream enterprises completed pre holiday stocking, resulting in reduced demand for raw materials and a decline in high raw material prices in some regions, leading to a weakening of cost support; After the holiday, there may not be a significant improvement in downstream deep processing demand, and there is still a possibility of a downward trend in raw material prices in mainstream regions, with weak cost support.

During the Spring Festival holiday, enterprises were restricted in their production. Returned to the market after the holiday, downstream enterprises were gradually resuming normal production, and their production had increased significantly compared to before the holiday. However, most downstream enterprises had inventory of raw materials in the early stage, and their enthusiasm for purchasing ethyl acrylate was slightly dull, resulting in a slow increase in demand.

Market outlook

In summary, the ethyl acrylate analyst of SunSirs believes that in the future, there may be a decline in raw materials, and downstream terminals will maintain purchasing on demand; The bearish factors on the market were gradually emerging, and there was a strong bearish atmosphere among businesses. However, considering the losses suffered by ethyl acrylate companies in the early stage, the business offers are slightly firm, and it is expected that the market price of ethyl acrylate will remain stable and weaken after the holiday.

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