On January 5, Wanhua Chemical quoted the price of butyl acrylate in North China at 7,650 yuan/ton, a decrease of 250 yuan/ton compared to the previous quotation date. PriceSeek's analysis of butyl acrylate shows a long-short score of -1. The article indicates that Wanhua Chemical's quotation for butyl acrylate in North China is 7,650 yuan/ton, down by 250 yuan/ton from the previous quotation, a decrease of approximately 3.3%. This suggests an oversupply in the market or weak downstream demand, exerting a generally bearish impact on spot prices. The price decline may stem from increased inventory or weakened end-consumption, and spot prices are expected to face downward pressure in the short term.
Acrylic acid, long-short score: -0.5
As a downstream derivative of acrylic acid, the price decline of butyl acrylate may reduce the demand for raw material acrylic acid, thereby exerting a slightly bearish impact on the spot price of acrylic acid. Although the impact is indirect and potentially delayed, the expectation of weakened demand will increase market bearish sentiment, placing mild downward pressure on spot prices.