Last week (2.28-3.6), the market for isooctyl acrylate showed an upward trend, with the overall trading focus slightly shifting upwards. As of March 6th, the benchmark price of ethyl acrylate in Shengyishe was 13875 yuan/ton, an increase of 4.32% compared to last Wednesday (13300 yuan/ton).

This week, isooctyl acrylate is currently in a sustained and stable situation, with relatively limited spot circulation on the market. Manufacturers and traders are reluctant to sell at high prices, and low-priced goods on the market have disappeared. Downstream users are mainly in urgent need and are willing to buy at a lower price. The main reasons for the price increase of isooctyl acrylate in the market this time are as follows:

Production aspect

The octanol plant (with an annual production capacity of 120000 tons) in the northwest region of the raw material butanol was temporarily shut down yesterday evening due to a malfunction. It is expected to recover in the short term, and the factory has no stock for sales.

In terms of cost

The octanol market has slightly decreased, with a local factory reference price of 12050-12100 yuan/ton in the Jiangsu market and a mainstream factory price of 11900 yuan/ton in the Shandong market. Downstream plasticizer companies have also slightly lowered their prices, and some plasticizer companies have stopped production. There is a certain level of demand in the market, and downstream manufacturers have a moderate sentiment towards raw material procurement today, resulting in a weak atmosphere for on-site transactions.

The market price of acrylic acid has been lowered, with the benchmark price of acrylic acid in Shengyishe being 6175.00 yuan/ton, a decrease of -0.80% compared to the beginning of this month (6225.00 yuan/ton). The raw material propylene market has risen, with increased cost support, reduced market supply, and stronger price support sentiment. Factories and cargo holders have pushed up their prices, while downstream users have average enthusiasm for inquiries and are in urgent need of purchasing and replenishing goods.

In terms of supply and demand

At present, the production capacity utilization rate of domestic isooctyl acrylate enterprises is relatively low, the supply is tight, and the shipping pressure of enterprises is average; On the demand side, the inquiry atmosphere of downstream manufacturers has improved, but the actual transaction volume is limited.

Overall

At present, the main factor contributing to the price increase of isooctyl acrylate in the market is the tight supply of spot goods on the market and high prices offered by suppliers. However, in the future, analysts from Business Society predict that with the high price of isooctyl acrylate, the end market entry will be cautious, and downstream manufacturers may have resistance to high priced sources. The price of isooctyl acrylate will remain stable in the short term.