The performance of the domestic ethyl acrylate market in this cycle (5.7-5.14) has been relatively stagnant. As we enter mid May, market quotations have slightly declined, and bearish factors on the market remain unchanged. The ethyl acrylate market is slightly weak. As of May 14th, the benchmark price of ethyl acrylate in Shengyishe was 9362.50 yuan/ton, a decrease of -0.13% compared to the beginning of this month (9375.00 yuan/ton).

The domestic market price of ethyl acrylate has not decreased, with a minimum value of 8600 yuan/ton. On the one hand, the recovery of market demand is slow, and on the other hand, there is insufficient supply support. Recently, the price of ethyl acrylate in China has experienced a narrow decline, showing a weak consolidation trend. The main reason is that the price has fallen to a low level, and intermediaries tend to adopt a wait-and-see attitude to consider cost reasons.

Supply side:

In this cycle, the domestic market price of n-butanol remained stable with a strong trend. The ex factory price in Shandong was 7900-7950 yuan/ton, and the production of n-butanol in the market slightly declined. In addition, factory inventory remained low, leading to a tightening of spot supply in the market. The overall downstream production was stable, with primary demand procurement and active low price transactions in the market. It is expected that the domestic price of n-butanol will shift towards high-end operation next week.

The range of raw material acrylic acid market has been sorted and operated. As of May 13th, the benchmark price of acrylic acid in Shengyishe was 6900.00 yuan/ton, an increase of 1.10% compared to the beginning of this month (6825.00 yuan/ton). The cost pressure on acrylic acid is still ongoing. Recently, production equipment has been shut down for maintenance, providing some support for the market. Some large factories have raised their listed prices, boosting bullish confidence among businesses. Holders are reluctant to sell at high prices, while downstream markets are cautious and cautious. In the short term, the market may fluctuate and consolidate.

Demand side:

In recent times, the acrylic resin market has continued to operate weakly, with overcapacity leading to market supply exceeding market demand, which still has a negative impact on prices. However, raw material prices have continued to fluctuate at low levels, with weak and stable cost support. The decline in prices supported by costs has contracted. It is expected that the weak domestic acrylic resin market will continue in the short term, with prices mainly consolidating at low levels.

In summary, it is difficult to find favorable demand for domestic ethyl acrylate production enterprises, and market players still have a bearish attitude towards the future. Analysts from Business Society predict that there may be a slight downward trend in the domestic ethyl acrylate market in the short term, but in the long run, the price increase space is still limited.