Industry News
The rise of butyl acrylate market is difficult to predict and narrow range consolidation
In terms of specific data, from the supply side, the capacity utilization rate of acrylic acid and butyl acrylate has increased narrowly this week. The main reason is that the operating load of some major factories in the East and South China markets has increased. As of December 14th, the operating load of the butyl acrylate industry was 61.42%, a slight increase of 3.96% compared to last Friday.
In terms of profitability, due to the rebound in prices of raw materials such as propylene and n-butanol, the current market price of n-butanol in Shandong is around 8600 yuan/ton, and the market price of propylene in Shandong is around 6950 yuan/ton. The loss situation of butyl acrylate has intensified.
From the perspective of downstream market operation, with the arrival of e-commerce festivals, Christmas, and New Year's Day, there may be a certain demand release in the downstream tape industry, with moderate replenishment. The overall trading rhythm may still be dominated by rigid demand, and there may be less behavior of bulk replenishment in the downstream. The manufacturer of the adhesive tape master roll has not delivered orders for about 3-10 days, and some orders are made on site.
The market performance of acrylic lotion was sluggish, the terminal real estate market started to tighten significantly, and the terminal construction was blocked due to cooling and other reasons. The construction plan was delayed, which led to a sharp decline in the demand market and the demand for lotion. Some lotion factories had negative expectations, and the utilization rate of on-site capacity was lower.
Overall, acrylic acid and ester manufacturers are currently in a loss making state, and the raw material n-butanol has slightly rebounded, further increasing cost pressure. Although there is a high cost pressure, due to the continued sluggish downstream demand, businesses lack confidence in the future market and are cautious in entering the market. In addition, holders have a narrow profit giving mentality towards downward shipments. The overall rise of the butyl acrylate market is not easy, and it is expected that the short-term market will mainly consolidate in a narrow range. Continue to follow the guidance on the trend of raw materials.
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