The acrylic acid market continues to weaken
The current acrylic acid market continues its downward trend. As of July 15th, the benchmark price of acrylic acid in Shengyi Society was 7200.00 yuan/ton, a decrease of 1.01% compared to the beginning of this month (7266.67 yuan/ton). The market is showing a situation of oversupply. With the continuous increase in supply, downstream factories are mainly digesting contract sources, and the overall wait-and-see sentiment is strong, leading to a continuous fluctuation and downward shift in the focus of market negotiations.
Differentiation of ester market performance
In terms of acrylic ester products, there is a clear differentiation in market performance. The average market price of methyl acrylate remained at 8800-8900 yuan/ton, a decrease of 100 yuan/ton from the previous working day; Ethyl acrylate remains stable, with a market average price of around 10300-10400 yuan/ton. In contrast, the market performance of butyl acrylate is relatively weak, with an average price drop of 25 yuan/ton to 7650 yuan/ton. Holders of goods can adjust their quotes flexibly, but terminal procurement is cautious, and the actual transaction focus is relatively weak. The market for isooctyl acrylate remains stable, with an average price of 8800-8900 yuan/ton.
Lotion and MAA markets remain stable
Among other related products, the average market price of acrylic pure acrylic lotion is stable at 4800~5800 yuan/ton, and the market supply and demand are relatively balanced. The average market price of methyl acrylic acid is 10600 yuan/ton, with prices fluctuating between 10800-11000 yuan/ton in mainstream regions. Due to insufficient follow-up of downstream terminal demand, the market trading atmosphere is slightly sluggish, and many holders adopt a quoting strategy that follows the market trend.
Outlook for the future: weak consolidation as the main focus
The acrylic acid market is expected to continue to operate weakly. Supplier quotations tend to be flexible, end users tend to seek low-priced sources, and market negotiations tend to focus on the low-end. The butyl acrylate market may maintain a consolidation trend, and downstream users are cautious in purchasing, mainly focusing on digesting contracts or existing inventory. The actual transaction price may remain stable. It is expected that the acrylic acid market in East China will continue to operate weakly in the short term, while the butyl acrylate market may maintain a consolidation pattern.