On May 15th, Shanghai Huayi New Materials' ethyl acrylate East China delivered price was 11,500 CNY/ton, down 200 CNY/ton from the previous quotation date, with actual transactions subject to negotiation. Chempricehub's assessment of ethyl acrylate gives a bullish/bearish rating of -1.
In the spot market, as of May 15th, Shanghai Huayi New Materials' ethyl acrylate East China delivered price was quoted at 11,500 CNY/ton, representing a decrease of 200 CNY/ton from the previous quotation date. The producer's price has softened, weakening spot price support and forming a moderately bearish impact on the market.
Acrylic acid: bullish/bearish rating -0.5. Ethyl acrylate is a downstream product of acrylic acid. The recent downward adjustment in ethyl acrylate quotations may to some extent suppress downstream buyers' willingness to purchase acrylic acid feedstock, exerting a slightly bearish influence on the acrylic acid market.
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