I. Key Focus Areas
Yesterday, the transaction center for propylene in Shandong edged lower. The mainstream closing reference price was 11,440–11,550 CNY/ton, with an average of 11,495 CNY/ton, a decrease of 5 CNY/ton from the previous trading day. Although international crude oil prices continued their downward trend, propylene supply remained tight. Combined with improved shipments by certain enterprises, market participants showed reduced willingness to offer discounts, resulting in only minor adjustments to individual quotes. Downstream factories primarily purchased on demand, with some real transactions showing premiums. Market activity improved slightly compared to the previous day.
Yesterday, the Jiangsu n-butanol market referenced ex-warehouse prices of 8,700–8,800 CNY/ton. Market prices fluctuated downwards amid growing wait-and-see sentiment. While feedstock propylene prices declined slightly, costs remained high, providing limited support to butanol prices. However, downstream buyers adopted a cautious approach, leading to weak inquiries and low transaction volumes.
II. Price Table
| Product | Market | 2026/11/03 | 2026/11/04 | Change Value | Change Rate | Unit |
|---|---|---|---|---|---|---|
| Propylene | Shandong | 11,500–11,500 | 11,440–11,550 | -60 / +50 | -0.52% / +0.43% | CNY/ton |
| n-Butanol | East China | 8,800–8,900 | 8,700–8,800 | -100 / -100 | -1.14% / -1.12% | CNY/ton |
| Acrylic Acid | East China | 8,800–9,000 | 8,800–9,000 | 0 / 0 | 0% / 0% | CNY/ton |
| Butyl Acrylate | East China | 10,200–10,300 | 10,200–10,300 | 0 / 0 | 0% / 0% | CNY/ton |
| Tape Master Roll | East China | 11,900–12,100 | 11,900–12,100 | 0 / 0 | 0% / 0% | CNY/ton |
Yesterday, the domestic acrylic acid market traded sideways. Feedstock propylene prices continued to decline, weakening cost-side support. Manufacturers and inventory holders maintained firm quoting strategies. Demand remained flat, with general market activity and limited downstream transactions dominated by small orders. Real transaction prices showed little fluctuation. It is expected that today, significant declines in international crude oil prices will lead to bearish sentiment regarding feedstocks, potentially causing acrylic acid prices to trend downward. Continuous monitoring of cost-side dynamics and downstream follow-through pace is recommended.
III. Data Table
| Data Type | Oct 22 | Oct 29 | Change | Trend |
|---|---|---|---|---|
| Acrylic Acid Industry Capacity Utilization Rate | 69.25% | 64.66% | -4.59% | ↗ |
| Butyl Acrylate Industry Capacity Utilization Rate | 58.13% | 56.19% | -1.94% | ↗ |
| Acrylic Acid Industry Production Profit Margin | -5.90% | -7.85% | -1.95% | ↗ |
| Butyl Acrylate Industry Production Profit Margin | -10.05% | -12.30% | -2.25% | ↗ |
Notes:
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