February 9th News: On February 9th, the delivered price of ethyl acrylate in South China by Satellite Chemical was 10,400 yuan/ton, an increase of 400 yuan/ton compared to the previous quoted day, with actual orders negotiated on a case-by-case basis.
Chempricehub Analysis of Ethyl Acrylate: Bull-Bear Score: 1.5
The spot price of ethyl acrylate in South China rose by 400 yuan/ton to 10,400 yuan/ton, an increase of approximately 4%, indicating tight market supply or increased demand. The prevalence of negotiated actual orders reflects active buying interest, forming a significant positive factor for spot prices. The price increase may stem from rising raw material costs or stronger demand from downstream applications, and it is expected to support the spot market in the short term.
Acrylic Acid: Bull-Bear Score: 1
As the primary raw material for ethyl acrylate, the price increase of its downstream products may indirectly drive demand for acrylic acid. The strengthening of the ethyl acrylate market suggests improved demand across the overall industry chain, exerting a generally positive impact on the spot price of acrylic acid. It is expected that the spot price may follow the upward trend, but actual supply and demand changes should be closely monitored.