This week, the price range of butyl acrylate is mainly organized. As of April 1st, the benchmark price of butyl acrylate in Shengyishe was 9532 yuan/ton, an increase of 11 yuan/ton compared to last week (9520 yuan/ton). The prices in the East China market are between 9300-9350 yuan/ton, the North China market is between 9350-9550 yuan/ton, and the South China market is between 9450-9650 yuan/ton. Mainstream production enterprises have weak and stable quotations, market holders are negotiating actual price reductions, and downstream buyers are buying on dips as needed.

In terms of cost:

The raw material n-butanol is experiencing an increase, with a slight decrease in production capacity utilization. Factories and holders are keeping prices low. As of April 1st, the ex factory reference price in Shandong region is 7916.67 yuan/ton, an increase of 2.32% compared to last week (7733 yuan/ton). The supply of goods at low-end prices in the market has decreased, with a focus on high-end operations. The market has a strong wait-and-see atmosphere, and downstream inquiries are active.

The market situation of raw material acrylic acid is on the rise. Upstream propylene rebounded after falling, with average cost support. The supply side of the acrylic acid market continued to be positive, supporting suppliers to support the market. Holders saw no pressure on sales, and bullish sentiment increased. The focus of the offer increased significantly, with the benchmark price of acrylic acid in Shengyishe being 6500.00 yuan/ton, an increase of 4.42% compared to the beginning of last month (6225.00 yuan/ton). Some acrylic acid factories in Shandong region have resumed operation, with no pressure on short-term factory inventory and sales, and little fluctuation in supply. It is expected that the domestic acrylic acid market will maintain a stable price operation.

In terms of supply and demand:

Since March, the downstream adhesive tape mother coil has released new production capacity in the first quarter, causing a slow increase in supply pressure, while demand has decreased compared to the same period last year. Under the contradiction between supply and demand, market prices have declined. However, production enterprises have considered cost pressure and negative gross profit, resulting in a slower decline in market prices. The acrylic acid lotion factory mainly consumes contracts, and the spot purchase is mainly for small orders, and the market negotiation area is mainly arranged.

Overall

There is not much change in the short-term raw material market, and cost support still exists. The strong price of n-butanol may to some extent drive a warming mentality in the butyl acrylate market. Downstream may seek to replenish positions at low prices, while upstream and downstream continue to play games. It is expected that the range of butyl acrylate will be mainly consolidated in the near future.