In May, for the domestic acrylic acid and ester market, the gains continued for a month and the prices rose gradually. Looking at the price chart, the market conditions may have a positive trend. However, the challenges faced by the acrylic and ester markets in Ningli are also presented here. The price increase in the incoming market continued to increase. While the market at the end of May, although the uptrend of the offer offer continued, the follow-up speed of real orders has also challenged the nerves of market operators.
Let's look at the challenges brought by the cost side. As of the deadline, Shandong propylene market continued to decline, high-end auction transactions were sporadic, and the mainstream factory price in Shandong region was 8,350-8,450 yuan/ton. International crude oil fell sharply, hitting the market mentality, although PP futures were slightly The rebound was higher, but the market demand was negatively impacted. Terminal demand was weak, downstream powder factories continued to concede profits, profits continued to narrow, enthusiasm for raw material procurement was poor, and trading atmosphere was deserted. n-butanol, Jiangsu factory The quotation was stable, the industry's mentality weakened, and the main players were cautious. The market transaction atmosphere was tepid. The external price stability maintained the limited support in the region, and the downstream demand-based replenishment was the mainstay. In the morning, Jiangsu Butanol temporarily referred to 9150- 9,200 yuan / ton, the mainstream negotiations refer to the high-end.
Butyl Acrylate: Rising Prospects
Starting from April, propylene and n-butanol, two important raw materials of butyl acrylate, have gained momentum. However, from the perspective of butyl ester price trends, despite rising costs and supporting costs, the rise in the price of butyl ester itself is more Raw materials are seen to be sluggish. The loss of butyl acrylate prices has gradually narrowed in the process of the offer. As of now, the butyl acrylate sales quota in East China is from 10800-11000 yuan per ton, and the actual single spot transaction is at 10,800 yuan. / Tons of horizontal fluctuations, Consolidation of highs still needs time and more downstream order support.
The cost is rising too quickly in the front and the rally lasts for a long time. However, due to the lack of demand from the butyl acrylate market, manufacturers' quotations will continue to follow up the cost increase to narrow the loss. With slow follow-up, the price gap between butyl acrylate manufacturers' offers and actual orders has gradually increased.
Butyl Acrylate: Exploring Rally for Demand
At present, the bid prices of butyl acrylate in East China manufacturers are basically around 11500-12500 yuan/ton, and the actual single offer is also basically around 10900-11200 yuan/ton. The new single cash offer in the primary market can be regarded as a constant challenge to the high price of the market. Accepted level, while the secondary market due to the existence of the former stock of futures sources, as well as the intention of selling goods to the new single high-end price is light, although the offer has a slight follow-up manufacturers offer level, it is difficult to maintain a strong follow-up of real orders.
At the end of May, the market game situation was limited by the manufacturers' stocks, which were reflected in the markets with high stocks, such as limited inventory, and the real market game for new spot orders was maintained by the secondary market and downstream factories. As a result, the spot trading was flexible. The main traders in the current rally are gradually becoming the direct booster of the real price increase. However, the boosting resistance is constantly squeezing the operational confidence in the secondary market. The resistance of the downstream factories to high prices is also in the Shandong region. The terminal demand for reducing the operating rate due to the SCO Summit has gradually extended the implementation process of the current price increase, and gradually consumed the optimism of middlemen on the upward trend and high position. As of the end of the draft, the level of butyl acrylate in East China Market real offer is about 10900-11200 yuan / ton, the secondary market is a single offer in the 10900-11000 yuan / ton, real single transaction is limited, with the use of the downstream with the operation.
Therefore, on the supply side, due to the limited start-up rate due to the expected shutdown and maintenance plan in June, the inventory will continue to climb and rise in the absence of pressure on the stock market; from the perspective of the market, the middlemen At present, more sales are mainly accumulated in the hands of early-stage inventory, and under the circumstances that the risk of new orders is relatively high, the purchase of short-selling operations needs to maintain a small order, and the low-position is a conservative operation. Since the spot inventory is limited, the offer price remains high to test downstream demand. Situation; standing on the downstream demand side, large and medium-sized downstream enterprises maintain contractual procurement cooperation with manufacturers, except for the amount of just-in-expeded contracts, the flexibility of buying into the market is cautious, and the impact of policies, etc. is relatively obvious for small and medium-sized downstream enterprises. At present, the high price of butyl ester is relatively inconsistent. It just needs a high price and small single purchase. The demand for butyl acrylate is still waiting to be watched. Therefore, the acrylic acid and ester market will remain in the high range within the next two weeks, and the supply-demand game situation will continue. The tug of war in stocks and downstream companies' inventory changes may become the theme of the market's rising trend, and it is recommended that holders exercise caution.