Recently, the market for butyl acrylate has continued to show a slight downward trend. The demand growth was less than expected. Due to the continued downturn in the terminal real estate market, the downstream coating of butyl acrylate was weak, and the consumption of acrylic lotion could not be said to be considerable. As of March 11, the benchmark price of butyl acrylate in the business community was 9490.00 yuan/ton, down -0.42% compared with last Monday (9530.00 yuan/ton).

In terms of cost

In terms of propylene, there was a slight increase in the Shandong market, with mainstream transactions at 7054 yuan/ton as of March 11th. With the rise in propylene prices, downstream product profits are weak, and the market trading atmosphere is slightly flat. Low end offers and shipments are smooth.

In terms of n-butanol, there is a lack of strong positive expectations in the Shandong market, resulting in a inertia decline in market prices and a small supply gap that is not enough to create bullish expectations in the market; On the other hand, although butanol has good profits, downstream product profits are weak. As of March 10th, the mainstream market transaction was at 7933 yuan/ton.

The prices of raw materials fluctuate, and a comprehensive comparison of cost calculations shows that the production enterprises of butyl acrylate are under significant pressure in terms of cost.

In terms of supply and demand

The operating level of domestic butyl acrylate units remains at 60%, and the overall spot supply inventory of production enterprises is gradually increasing. Among them, the total production capacity of satellite chemical acrylic acid and butyl acrylate reaches 840000 tons/year and 780000 tons/year, respectively. The downstream adhesive and tape master roll industries of butyl acrylate are maintaining a strong demand for replenishment, and in the short term, the trend of raw material prices is mainly based on market trends. Most production enterprises of acrylic acid lotion have started construction as planned, and the construction on site is around 40%. The downstream enterprises are slow to resume construction, resulting in a general atmosphere on the site. Due to the lack of significant downstream demand for butyl acrylate, the demand side has a slow driving speed towards the consumption of butyl acrylate supply.

Overall

With the stabilization of raw material propylene prices and the rebound of n-butanol, the downward trend of butyl acrylate prices has slowed down under short-term support from the raw material side. The integration of the butyl acrylate industry has become the main development trend, and non integrated butyl acrylate production enterprises are under significant purchasing pressure in the short term. According to the data analyst from Business Society, the demand for downstream markets in the butyl acrylate market still needs to be monitored this week. However, the overall situation of strong supply and weak demand continues, and it is expected that the butyl acrylate market will continue to operate weakly in the near future.