This week, the market for ethyl acrylate has been fluctuating and weakening. There is also inventory pressure in the ethyl acrylate market, which provides limited support for the actual cost of ethyl acrylate. The fundamental stalemate in the market continues, and the supply and demand structure in various regions of China remains stable. There is not much change in enterprise equipment. As of March 12th, the benchmark price of ethyl acrylate in Shengyishe was 9480 yuan/ton, a decrease of -0.26% compared to last Monday (9505 yuan/ton).

Supply side

At present, there is no significant fluctuation in the acrylic acid production equipment, and the inventory of spot supply is currently at a limited level. This week, the production capacity utilization rate of the acrylic acid industry was around 70%, a decrease of -0.34% compared to last week. The price of acrylic acid in the market remained stable and slightly increased, with lower end prices falling slightly. The weekly average price increased by 1.19% month on month; The weekly average price of propylene in Shandong fell by 0.23%, and the overall market slightly declined;

Demand side

The downstream acrylic resin, coating and other industries of ethyl acrylate mainly maintain rigid demand consumption, and the enthusiasm for downstream inquiries increases with the quotation of ethyl acrylate; The main focus is on maintaining fixed consumption of adhesive tape master rolls, and the procurement volume is mainly focused on small orders with a high demand; Acrylic acid lotion industry maintains rigid demand procurement.

Overall

According to the analysis of the follow-up of the upstream and downstream chain market trends and the transmission progress of market influencing factors, the current market situation of ethyl acrylate may still be affected by the overall weak situation as an intermediate, and the stalemate situation may still require clear assistance and stimulation.