Recently, there has been a slight increase in the cost of ethyl acrylate; Demand, rigid demand is stable, while spot demand is poor, with small growth in downstream demand of the main body; The ethyl acrylate market is showing a slight upward trend. As of April 8th, the benchmark price of ethyl acrylate in Shengyishe was 9363.00 yuan/ton, an increase of 0.13% compared to last week’s (9350.00 yuan/ton).
Supply side:
This week, the acrylic acid market has been relatively warm. Recently, there has been a positive impact on device maintenance. As of April 8th, the benchmark price of acrylic acid in Shengyishe was 6675.00 yuan/ton, an increase of 2.69% compared to the beginning of this month (6500.00 yuan/ton). In addition, the downstream stocking mentality of the terminal has increased, but the main focus is still on on-demand procurement, and the atmosphere on the market is becoming stronger, with limited actual transactions. However, at present, some orders in Shandong region have been discontinued without quotations, with low-priced orders being the main focus. Some manufacturers have raised their prices, supporting the continuous upward shift of the price center in the acrylic acid market. Meanwhile, acrylic acid also showed a slight strengthening during the week.
On the demand side:
This week, downstream profitability remains poor, with recent demand showing decent demand, while spot demand is weak. The current news shows that although there is a slight increase in demand for ethyl acrylate in the downstream market, the expected growth rate is relatively small. The downstream acrylic resin, coatings and other industries of ethyl acrylate mainly maintain rigid demand consumption, and the enthusiasm for downstream inquiries is increasing with the quotation of ethyl acetate; 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
Ethyl acrylate is at a low level, with limited short-term gains. Although the price has slightly increased, the bearish atmosphere in the market still exists, resulting in insufficient spot trading atmosphere on the exchange. From the perspective of supply and demand of ethyl acrylate itself, there is room for recovery in supply, but the downstream demand increment is limited, and the tight balance between supply and demand has been eased. However, the impact on prices is limited. Therefore, it is expected that the price of ethyl acrylate will show a strong and then weak performance next week, with prices expected to be between 9200-9400 yuan/ton.
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