January 8th News
On January 8th, Shanghai Huayi New Materials' 2-ethylhexyl acrylate (2-EHA) delivered price in East China was 8,700 RMB/ton, an increase of 100 RMB/ton compared to the previous quoted date, with actual transactions mainly negotiated.
Chempricehub Analysis:
**2-Ethylhexyl Acrylate (2-EHA), Bull-Bear Score: 1.5**
On the spot market, the delivered price in East China rose by 100 RMB/ton to 8,700 RMB/ton, reflecting tightening supply or improved demand in the spot market. The dominance of negotiated actual transactions indicates that real demand supports the price increase, which is favorable for spot prices. On the futures side, there is currently no active futures contract for 2-EHA. However, the rise in spot prices may influence sentiment in related chemical futures through the industrial chain, providing a short-term boost to market expectations.
**Acrylic Acid, Bull-Bear Score: 1**
As the direct raw material for 2-EHA, the price increase of its downstream product may stimulate demand for acrylic acid in the spot market. The current active negotiation of actual transactions shows increased willingness among end-users to procure, which is favorable for acrylic acid spot prices. On the futures side, there is currently no futures contract data for acrylic acid. However, the price linkage effect within the industrial chain exists, and the strengthening of spot prices may provide cost support for related chemical futures (such as propylene and polypropylene).