SunSirs: The Cost Side Had slightly Increased, and Demand for Isooctyl Acrylate Was Waiting to Return after the Holiday

Price trend

Recently (1.13-2.21), the price of isooctyl acrylate had remained stable. According to data from SunSirs, as of February 21st, 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

Cost and demand

After the holiday, the raw material market had temporarily remained stable, and the utilization rate of isooctyl acrylate production capacity had remained stable. Factories had a bullish attitude, and the prices had been pushed up. Downstream factories had gradually turned against the market, and their purchasing mentality was cautious. There was a strong wait-and-see atmosphere on the market, and they were waiting for further market clarity. Downstream still maintained a wait-and-see attitude, or focused on contracts, while isooctyl acrylate may maintain a strong operation.

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

It is expected that the downstream market of isooctyl acrylate will explore and push up. Holders of isooctyl acrylate were trying to push up prices, while the octanol market was continuing to rise. The raw material market was supporting the rise, and the mentality of holders was stabilizing. Overall, the cost side of isooctyl acrylate, 2-EH market price had increased, and there had been no significant improvement in demand. Analysts from SunSirs predict that the market for isooctyl acrylate will remain stable next week.

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