SunSirs: Downstream Demand Slowed Down, and the Ethyl Acrylate Market Was Operating Weakly
March 06 2024 10:16:42 SunSirs (John)
Price trend
Last week (2.27-3.5), ethyl acrylate experienced a downward trend. The ethylene raw material market was stable and declining, with weak cost support. It is difficult for factories to make concessions, and the terminal still maintained a wait-and-see attitude. The negotiation for acrylic acid is about 5,950 RMB/ton, with a starting load of 70.73%. As of March 5th, the benchmark price of ethyl acrylate in SunSirs was 9505 RMB/ton, a decrease of 5.89% compared to last Monday (10,100 RMB/ton).
Analysis review
As of March 5th, the new transaction volume of ethyl acrylate market was relatively low, and terminal demand continued to be weak. Most ethyl acrylate enterprises produced according to orders, while downstream enterprises mostly purchased according to demand. The market had a high wait-and-see attitude, and the trading atmosphere was relatively cold.
Market outlook
The raw material market situation was average, and actual orders needed to be followed up. It’s should to pay attention to the market demand sentiment in the future. Analysts from SunSirs predict that the market quotation for ethyl acrylate will remain stable next week, with a price range of 9,400-9,600 RMB/ton.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-05-08 SunSirs: The Market Atmosphere Was Weak, and the Ethyl Acrylate Market Was Weak and Stable
- 2024-04-03 SunSirs: Demand Was Weak and It’s Difficult to Boost the Ethyl Acrylate Market
- 2024-03-13 SunSirs: Demand Was Weak and the Ethyl Acrylate Market Was Weakly Downward
- 2024-02-21 SunSirs: During the Spring Festival, Consolidation Was the Main Focus, and the Market for Ethyl Acrylate May Weaken after the Holiday
- 2024-02-04 SunSirs: The Market for Ethyl Acrylate Tended to Stabilize before the Holiday
