SunSirs: The Market Atmosphere Was Weak, and the Ethyl Acrylate Market Was Weak and Stable

Price trend

Recently, there has been no positive news to support the overall market atmosphere, with stable price operation as the main focus. Downstream delivery was mostly wait-and-see. As of May 6th, the benchmark price of ethyl acrylate in SunSirs was 9,375.00 RMB/ton, which was unchanged from the beginning of this month.

In terms of market conditions:

The ethyl acrylate market recently was weakly consolidated. The market had a strong bearish mentality, with the cost side continuing to weaken and the market supply being sufficient. In addition, some early parking devices had plans to operate, and downstream and traders were more cautious. The enthusiasm for buying goods was poor, and the market continued to accelerate downward, making it difficult for prices to rise.

The mainstream receiving price in the East China market for this period (4.29-5.6) was around 8,900-9,100 RMB/ton; The mainstream ex factory price in South China ranged from 9,000 to 9,200 RMB/ton; The mainstream ex factory price in North China was around 9,100-9,300 RMB/ton.

In March, the import volume of ethyl acrylate in China was 320.05 tons, a month on month increase of 128.77%, with a total import price of 473,892 US dollars. The export volume was 2,748.9 tons, a month on month increase of 16.75%, and the total export price was 3,259,174 US dollars.

Market outlook

The overall trend of ethyl acrylate spot prices was weak. After the holiday, there was good news coming out downstream, and the atmosphere had slightly improved. However, it is necessary to pay attention to the actual landing of each unit, and some of the ethyl acrylate units that have been shut down have plans to start operating, so the overall market is still difficult to rise. SunSirs’ analysts predict that in the near future, the market for ethyl acrylate will mainly focus on narrow consolidation on a wait-and-see basis.

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