SunSirs: Both Supply and Demand Had Bearish Factors, and Isooctyl Acrylate Fluctuated and Fell Back

Price trend

Recently, the market price of isooctyl acrylate had fluctuated and declined. As of April 17th, the benchmark price of isooctyl acrylate in SunSirs was 12,625.00 RMB/ton, a decrease of 3.81% compared to the beginning of this month (13,125.00 RMB/ton). This week, the average ex factory price in East China was around 12,500 RMB/ton, in North China it was around 12,600 RMB/ton, and in South China it was around 12,700 RMB/ton.

Cost side:

Recently, the price of 2-EH had fallen and stabilized. As of April 16th, the quoted price of 2-EH was 9,620 RMB/ton, an increase of 1.48% compared to 2-EH price of 9,480 RMB/ton on April 7th; Compared to the price of 2-EH at 10,060 RMB/ton on April 1st, the price fluctuated and decreased by 4.37%. After a sharp drop in April, the price of 2-EH stabilized at a low level, and there was a rebound trend in the price of 2-EH after the Qingming Festival. In late March, the market price of 2-EH plummeted sharply, with the lowest transaction center in East China dropping to 9,195 RMB/ton. After the price fell to a low level, the enthusiasm for buying and replenishing increased. At the end of the month, the market ended with a oversold rebound, but there was a lack of obvious positive news to boost confidence in the market. After the market rebounded, the sustainability of high price transactions was not strong.

Supply and demand side:

As of April 17th, the production capacity utilization rate of isooctyl acrylate enterprises remained low, the on-site spot supply had decreased, and the pressure on enterprise shipments was relatively small; From a demand perspective, there had been an increase in downstream terminal demand, with actual orders mainly negotiated.

Market outlook

It is expected that the market for isooctyl acrylate will stabilize next week, and some manufacturers are still in the equipment maintenance season. The impact of raw materials on isooctyl acrylate will strengthen, and downstream weak demand may deepen. Meanwhile, the inventory of isooctyl acrylate enterprises is relatively low, and the quotation may remain high, indicating a stable overall market operation.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.