January 13th News
On January 13th, Wanhua Chemical's butyl acrylate quotation in Northeast China was reported at 8,110 yuan/ton, an increase of 100 yuan/ton compared to the previous quotation date.
Chempricehub Analysis:
Butyl Acrylate, Bull-Bear Score: 1
Wanhua Chemical's spot quotation for butyl acrylate in Northeast China rose by 100 yuan/ton to 8,110 yuan/ton, indicating tightening market supply or increased demand, which directly supports spot prices. The significant increase reflects strong demand in the downstream chemical industry or rising production costs, and short-term prices are expected to continue rising.
Acrylic Acid, Bull-Bear Score: 0.5
As the primary raw material for butyl acrylate, the price increase of its downstream product suggests that acrylic acid demand may strengthen or cost pressures are being transmitted, indirectly supporting acrylic acid spot prices. However, the article does not directly mention acrylic acid quotations, so the impact is relatively mild. Further observation is needed in conjunction with the supply and demand dynamics of the acrylic acid market.