Raw material cost support in acrylic acid and ester market may continue
2023/8/1
The monitoring data shows that the current price of acrylic acid and esters is still at a historically low level. Although the cost support factors of some varieties are strong due to the disturbance of supply-side changes, the downstream demand is difficult to follow up. Thereafter, there is a gradual weakening trend. As of July 28, the price of acrylic acid and refined acid was 9.29% higher than the beginning of the month to 5,800 yuan/ton, and the price of isooctyl acrylate was 1.92% higher than the beginning of the month to around 10,700 yuan/ton.
As of July 28, the annual average value of acrylic acid in 2023 was 6,454.75 yuan/ton, which was 37.22% lower than the value in 2022, and 28.20% lower than the five-year average value from 2018 to 2022, and the high-low amplitude during the year was 2.08%. Although some manufacturers in the factory raised their ex-factory quotations, the rise in purchase prices stimulated traders to follow suit. However, high-price transactions were hindered, and downstream manufacturers mainly needed to purchase, which limited the market performance of acrylic acid. The average annual price of butyl acrylate in the same period was 9104.4 yuan/ton, 22.99% lower than the value in 2022, and 18.01% lower than the average price in the past five years. Because the market is still in the off-season of demand, although the market mentality of butyl acrylate has improved slightly due to the good news of the policy and the impact of costs, and some demand has marginally improved, it remains to be seen whether the real estate policy can effectively boost subsequent demand, and from From the perspective of the current market fundamentals, with the implementation of some enterprises' device resumption plans, the supply side continues to loosen, and both parties to the transaction continue to pay attention to changes in terminal demand and export data.
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