February 2nd News
On February 2nd, Wanhua Chemical's butyl acrylate quotation in South China was reported at 8,800 yuan/ton, an increase of 200 yuan/ton compared to the previous quotation date.
Chempricehub Analysis:
Butyl Acrylate, Bull-Bear Score: 1
The article indicates that Wanhua Chemical's spot quotation for butyl acrylate in South China has risen by 200 yuan/ton to 8,800 yuan/ton, suggesting tightening market supply or increased demand, which directly benefits spot prices. Combined with recent futures contract data for this commodity, the upward price trend is likely to continue, reflecting reduced inventory and active downstream procurement, thereby supporting futures prices. It is expected to maintain a relatively strong trend in the short term.
Acrylic Acid, Bull-Bear Score: 0.5
As a downstream derivative of acrylic acid, the price increase of butyl acrylate may indirectly raise demand expectations for acrylic acid, benefiting its spot prices. Considering the performance of the futures market for this commodity, the anticipated demand growth may drive up futures prices, though the impact is relatively moderate, as fluctuations in upstream raw materials require further observation.