February 9th News
On February 9th, the delivered price of ethyl acrylate in East China by Satellite Chemical was 10,200 yuan/ton, an increase of 300 yuan/ton compared to the previous quoted day, with actual orders being negotiated as the main driver.
Chempricehub Analysis:
Ethyl Acrylate, Bull-Bear Score: 1
The article indicates that the delivered price of ethyl acrylate in East China has risen by 300 yuan/ton to 10,200 yuan/ton, an increase of approximately 3%, suggesting strong market demand or tight supply, which is favorable for spot prices. The price increase is primarily driven by actual order negotiations, reflecting active short-term buying interest. It is expected that the spot market may continue to strengthen.
Acrylic Acid, Bull-Bear Score: 0.5
As the main raw material for ethyl acrylate, the price increase of its downstream products may boost demand for acrylic acid, which is favorable for spot prices. However, the extent of the increase is constrained by cost transmission efficiency and the supply-demand balance of acrylic acid itself. Attention should be paid to changes in the price of raw material propylene. It is expected that spot prices will experience a moderate upward trend.