I. Market Focus
The East China propylene market rose compared to the previous trading day. As of the closing, the mainstream ex-tank price in East China was 9,800 RMB/ton; the mainstream ex-tank price in Ningbo was 9,900 RMB/ton; and the delivered price reference for Southern Jiangsu was around 9,950–10,000 RMB/ton. Available spot quantities in the propylene market have tightened. Quotes from major refineries within East China were raised, while downstream buyers maintained a wait-and-see approach with demand-based procurement, resulting in moderate market sentiment.
The n-butanol market in Jiangsu is referenced at 8,500–8,500 RMB/ton ex-warehouse. High-end prices have disappeared, and the market center has shifted toward lower levels. Sentiment remains cautious, with downstream operators adopting a prudent strategy focused on opportunistic low-level purchases based on essential needs. Market inquiries and transaction volumes remain generally lackluster.
II. Price Table
Unit: RMB/ton
| Product | Region | Sep 24 | Sep 28 | Change |
|---|---|---|---|---|
| Propylene | East China | 9,500–9,550 | 9,700–9,900 | +200/+350 |
| n-Butanol | East China | 8,500–8,600 | 8,500–8,500 | 0/-100 |
| Acrylic Acid | East China | 7,800–7,900 | 7,800–7,900 | 0/0 |
| Butyl Acrylate | East China | 9,400–9,600 | 9,400–9,600 | 0/0 |
| Tape Master Roll | Jiangyin | 10,500–10,700 | 10,500–10,700 | 0/0 |
| Note: 1. Prices are VAT-inclusive in RMB, unit: RMB/ton. | ||||
| 2. Prices represent point-in-time quotes from the two preceding working days. | ||||
| 3. Changes reflect period-on-period fluctuations. |
Yesterday, the domestic butyl acrylate market traded within a stable range across regions. Upstream propylene fluctuated upward, while raw material n-butanol edged down slightly within a narrow band. Cost pressure on butyl acrylate continued. Holders adjusted their offers flexibly according to market conditions. Downstream buyers procured based on immediate needs, primarily focusing on drawing down existing inventories rather than initiating active restocking. Overall, the market’s negotiation center remained temporarily stable within its current range. Today, significant volatility is expected in n-butanol prices due to adjustments. The butyl acrylate market is projected to continue trading within a stable range. Going forward, attention should be paid to changes in market supply and downstream demand as key directional indicators.
III. Data Table
| Data Type | Sep 17 | Sep 24 | Change | Trend |
|---|---|---|---|---|
| Acrylic Acid Industry Capacity Utilization Rate | 71.21% | 72.51% | +1.30% | ↗ |
| Butyl Acrylate Industry Capacity Utilization Rate | 55.95% | 57.56% | +1.61% | ↗ |
| Acrylic Acid Industry Production Profit Margin | 4.27% | 1.11% | -3.16% | ↘ |
| Butyl Acrylate Industry Production Profit Margin | -5.76% | -8.76% | -3.00% | ↘ |
| 1. Capacity utilization rate reflects production output as a percentage of installed capacity, indicating overall production activity. | ||||
| 2. Production profit margin is an industry-wide metric reflecting the general profitability status in mainstream regions, calculated as industry profit relative to price. | ||||
| 3. Values represent point-in-time data from the two preceding working weeks, not weekly averages. |
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