The price trend of butyl acrylate may maintain a fluctuating trend in the range
2023/9/11
This week, the domestic butyl acrylate market experienced fluctuations and a downward trend. The spot offer price in the East China market this cycle is between 10600 and 10700 yuan/ton, a decrease of 200 yuan/ton compared to last week's closing price. The driving factor for the market situation of butyl acrylate in this cycle is mainly the weakening of cost support during the week, and the loosening of the focus of actual order negotiations among traders.
On the supply side, the operating rate of the butyl acrylate industry remains around 60-70%, and spot supply inventory remains at a reasonable level. According to incomplete statistics from Jinlianchuang, the operating rate of butyl acrylate this week was about 65.12%, an increase of 0.84% compared to the previous cycle. Looking ahead to the future, the overall installation of the acrylic acid and ester industry is expected to maintain around 60-70%. The increasing enthusiasm for shipping during the trading week has increased the space for price negotiations.
From the perspective of cost profitability, the profit trend of the acrylic acid and ester industry chain this week has been mixed. During the week, due to the impact of rising oil prices and other factors, the price of imported propane increased significantly, while the cost of PDH process increased, forming a hedge against the price increase in the propylene market. The profitability of PDH to produce propylene slightly weakened. The weekly profit margin of propylene is -322 yuan/ton, a decrease of 22 yuan/ton compared to last week. The weekly profit margin of n-butanol is 3331 yuan/ton, a decrease of 107 yuan/ton compared to last week. The weekly profit margin of butyl acrylate is around -10 yuan/ton, an increase of 46 yuan/ton compared to last week. The profit of the tape master roll was -425 yuan/ton, a decrease of 55 yuan/ton compared to the previous month. During the week, the price range of the adhesive tape master roll was adjusted, and the price of butyl acrylate fluctuated. The BOPP film was slightly stronger, and the profit of the adhesive tape master roll continued to decline. Overall, the profit margin of acrylic acid and butyl ester has increased overall, but downstream product tape master rolls have lost profits due to insufficient upward momentum, and the acceptance of higher prices for butyl acrylate in the future has weakened.
On the demand side, downstream demand for butyl acrylate remained stable in the first week of September, with little acceptance of high-end prices. The market of butyl acrylate downstream acrylate lotion, tape master roll and other products keeps up slowly, and the subsequent boost to downstream terminal orders is limited. Due to the rise and fall of butyl acrylate during the week, the trend mostly followed the decline of upstream raw material butanol, resulting in inflection points. Downstream factories of butyl acrylate have increased their enthusiasm for inquiry, purchasing on demand, and sporadic restocking.
Looking ahead to the future, it is expected that the domestic market for butyl acrylate will fluctuate widely. Entering the next week, the driving factors of the domestic acrylic acid and ester market will mainly focus on the supply and demand sides, entering the trading game stage, and market traders will join the game discussion to ease the situation. On the supply side, the overall device operating rate of the production enterprise remains around 60-70%, and the supply inventory maintains a stable growth rate. The spot supply side may maintain the main supply to core long-term customers next week; On the downstream demand side, butyl acrylate downstream tape master roll and pure acrylic/styrene acrylic lotion increased under the pressure of factory costs, and the purchase volume remained just in demand. On the trading side, in mid to early September, traders increased their enthusiasm for real order transactions, coupled with a decline in raw material prices, and ester prices have basically entered a rational correction and consolidation stage. The price space for holders may increase. It is expected that the price trend of acrylic acid and butyl acrylate may maintain a fluctuating range. Focus on the increase in demand in the market and changes in the focus of actual order negotiations.
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