I. Key Focus Areas
Yesterday, the Shandong propylene market experienced a significant price decline, with mainstream closing prices referencing RMB 11,280–11,300 per ton (average: RMB 11,290/ton), down RMB 205/ton from the previous trading day. The continued weakness in international crude oil prices has intensified market wait-and-see sentiment. Producers generally lowered their offers, while downstream factories showed limited follow-on purchasing activity, leading to subdued actual transaction volume and thin market participation.
Yesterday, the Jiangsu n-butanol market was quoted at RMB 8,550/ton ex-warehouse, with prices continuing to trend downward. Although the decline in raw material propylene provides minor cost support, downstream operators remain cautious, bearish sentiment is increasing, and both inquiries and transactions are sluggish.
II. Price List
| Product | Market Name | 2026/11/04 | 2026/11/05 | Change | % Change | Unit |
|---|---|---|---|---|---|---|
| Propylene | Shandong | 11,440–11,550 | 11,280–11,300 | -160 / -250 | -1.4% / -2.16% | RMB/ton |
| N-Butanol | East China | 8,700–8,800 | 8,550–8,550 | -150 / -250 | -1.72% / -2.84% | RMB/ton |
| Acrylic Acid | East China | 8,800–9,000 | 8,800–9,000 | 0 / 0 | 0% / 0% | RMB/ton |
| Butyl Acrylate | East China | 10,200–10,300 | 10,100–10,200 | -100 / -100 | -0.98% / -0.97% | RMB/ton |
| Tape Master Roll | East China | 11,900–12,100 | 11,700–12,000 | -200 / -100 | -1.68% / -0.83% | RMB/ton |
Yesterday, the domestic acrylic acid market traded sideways. The sustained decline in raw material propylene has weakened cost-side support. Factories and inventory holders maintained firm pricing offers. Demand remained flat, market activity was moderate, and downstream transactions were limited, primarily consisting of small orders. Actual transaction prices fluctuated weakly but remained stable. Today, due to cautious sentiment on the demand side, propylene is expected to continue its downtrend, and acrylic acid may remain weak due to cost-side conditions. Continued attention should be paid to cost-side trends and downstream procurement pace.
III. Data List
| Data Type | Oct 22 | Oct 29 | Change | Outlook |
|---|---|---|---|---|
| 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 | ||||
|---|---|---|---|---|
| 1. Capacity utilization rate refers to the ratio of producers' actual output to total capacity, reflecting production levels. | ||||
| 2. Production profit margin is industry-level data reflecting overall profitability across mainstream regions, calculated as the ratio of industry profit to price. | ||||
| 3. Prices for the two periods represent point-in-time prices from the two preceding work weeks, not weekly averages. | ||||
| 4. Percentage change indicates week-over-week variation. |
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