January 13th News
On January 13th, the delivered price of ethyl acrylate from Shanghai Huayi New Materials in East China was 9,000 yuan/ton, an increase of 100 yuan/ton compared to the previous quoted day, with actual orders subject to negotiation.
Chempricehub Analysis:
Ethyl Acrylate, Bull-Bear Score: 1
The spot price of ethyl acrylate rose by 100 yuan/ton to 9,000 yuan/ton, indicating stronger market demand or tightening supply, which generally supports the spot price. This reflects active actual order negotiations and may boost market sentiment for related derivatives.
Acrylic Acid, Bull-Bear Score: 1
As the main raw material for ethyl acrylate, the price increase of its derivative may raise demand expectations for acrylic acid, positively impacting its spot price. The improvement in market supply-demand dynamics is favorable for the spot market of acrylic acid.