January 6th Update: On January 6th, the market price of isooctyl acrylate in East China by Satellite Chemical was 8,600 yuan per ton, an increase of 200 yuan per ton compared to the previous quoted day.
Chempricehub Analysis:
Isooctyl Acrylate, Bull-Bear Score: 1
The article indicates that the market price of isooctyl acrylate in East China rose by 200 yuan per ton to 8,600 yuan per ton, suggesting strong market demand or tightening supply, which directly supports spot prices. The price increase may stem from rising downstream application demand, such as the recovery of the coatings or adhesives industries, bolstering the strength of spot market conditions.
Acrylic Acid, Bull-Bear Score: 0.5
As an upstream raw material for isooctyl acrylate, the price increase of its derivatives may indirectly stimulate demand for acrylic acid, benefiting spot prices. However, the article does not directly mention changes in acrylic acid prices, so the impact is limited. Further attention should be paid to subsequent supply and demand dynamics.