This week, the focus of butyl acrylate has been pushed upwards. The raw material n-butanol continues to rise, and the cost supports the mentality of butyl acrylate factories. The supplier’s quotation is higher. As of April 9th, the benchmark price of butyl acrylate in Shengyishe is 9500.00 yuan/ton, which is 0.29% higher than yesterday’s (9472.00 yuan/ton).

Supply side:

Recently, the price of n-butanol has dropped first and then increased. Both long and short sides are engaged in a game around the fundamentals and news of butanol. The main logic of this market increase is the increase in parking of supply side devices, especially some devices in Shandong that unexpectedly reduced production. If this positive factor is delisted or the market has adapted to the tight supply situation, the market lacks clear positive support, so the rise of the n-butanol market is limited. As of April 9th, the benchmark price of n-butanol in Shengyishe was 7816.67 yuan/ton, an increase of 0.63% compared to yesterday (7766.67 yuan/ton).

Demand side:

The downstream acrylic lotion is in the off-season due to the lack of infrastructure construction in the terminal market. The demand for lotion is insufficient, and the demand for the emulsion is still in demand. Although the weather is getting warmer, the market is generally boosted. It is expected that in the near future, the cost side will be under strong pressure, and the factory mentality will be relatively warm.

The prices of downstream adhesive tape master rolls have recently been partially lowered, with mainstream market transaction prices ranging from 9200 to 9800 yuan/ton. The price of butyl acrylate has also increased, and the cost support for the adhesive tape master roll market is still acceptable. However, market demand is still weak, the transaction atmosphere is average, and the mentality of various markets is different. The actual transaction volume in the market is limited.

Recently, butyl acrylate has been operating steadily. At present, there is still a certain level of demand in the downstream market, but downstream enterprises are weak in chasing high prices. If raw material prices continue to rise, the profits of downstream enterprises will be compressed, and the market follow-up momentum will be insufficient. There is a possibility that market demand will weaken.

Overall

Affected by the rise in raw material n-butanol and supply side contraction, the market price of butyl acrylate has risen to 9450-9550 yuan/ton. However, it is expected that as the rising trend of raw materials gradually stagnates, the upward momentum of the butyl acrylate market will weaken. Follow up on the market trends of raw materials such as n-butanol and acrylic acid.