I. Focus Points
Propylene prices in the East China market edged up slightly. By the close, the mainstream East China market price was 10,000 yuan/tonne ex-tank; the Ningbo mainstream price was 10,100 yuan/tonne ex-tank; and the delivered price in southern Jiangsu was around 10,100 yuan/tonne. Propylene cost support remains firm, pushing offers further upward. However, downstream buying interest has turned cautious, with evident resistance to high-priced deals, capping the upside for actual transactions.
The Jiangsu n-butanol market was referenced at 8,750-8,750 yuan/tonne ex-warehouse. Market prices have risen continuously; with feedstock propylene moving higher, cost-side support has strengthened further. Market supply is limited while downstream purchasing interest is increasing, lifting the market's trading center of gravity.
II. Price Table
Unit: yuan/tonne
| Product | Region | Sept 9 | Sept 10 | Change |
|---|---|---|---|---|
| Propylene | East China | 9800-10100 | 9900-10100 | 100/0 |
| n-Butanol | East China | 8500-8500 | 8750-8750 | 250/250 |
| Acrylic acid | East China | 7700-7800 | 7900-8000 | 200/200 |
| Butyl acrylate | East China | 9200-9300 | 9400-9500 | 200/200 |
| Tape jumbo roll | Jiangyin | 10300-10500 | 10400-10600 | 100/100 |
| Note: 1. Products are RMB tax-inclusive prices; unit: yuan/tonne | ||||
| 2. Prices for the two periods are point-in-time prices from the previous two working days | ||||
| 3. The change rate is the month-on-month variation |
Yesterday, the domestic butyl acrylate market ran firm and upward. Feedstock n-butanol continued its broad-based rise, placing pronounced pressure on butyl acrylate's cost side; holders actively supported the market with firm offers, while some downstream plants followed up with need-based inquiries, and the center of actual negotiations rose firmly and broadly. Feedstock n-butanol is expected to remain firm at highs today on cost-side pressure, and the butyl acrylate market is expected to continue running firm at elevated levels. Going forward, close attention should be paid to changes in market supply and downstream demand for direction.
III. Data Table
| Data Type | Sept 3 | Sept 10 | Change | Expectation |
|---|---|---|---|---|
| Acrylic acid industry capacity utilization rate | 70.70% | 69.41% | -1.29% | ↗ |
| Butyl acrylate industry capacity utilization rate | 56.32% | 56.04% | -0.28% | ↗ |
| Acrylic acid industry production profit margin | -3.29% | -1.89% | 1.40% | ↗ |
| Butyl acrylate industry production profit margin | -10.60% | -12.27% | -1.67% | ↗ |
| 1. Capacity utilization rate is the ratio of producers' unit output to capacity, an indicator reflecting production | ||||
| 2. Production profit margin is industry-level data reflecting the overall profitability of the industry in mainstream regions, expressed as industry profit as a percentage of price | ||||
| 3. The prices for the two periods are point-in-time prices from the two working weeks prior to this week, not weekly average prices | ||||
| 4. The change rate is the month-on-month rate of change |
Comments
0