I. Key Observations
The propylene market in East China remained primarily consolidative. As of the close, mainstream ex-tank prices were 9,800 RMB/ton in East China and 9,900 RMB/ton in Ningbo; delivered prices in Southern Jiangsu referenced a range of approximately 9,900–10,000 RMB/ton. Crude oil prices fluctuated at high levels, with regional enterprises largely adopting a wait-and-see approach. Quotation ranges showed no significant volatility, downstream buying sentiment was weak, and some transactions appeared stagnant.
The n-butanol market in Jiangsu referenced ex-factory prices of 8,400 RMB/ton (Note: Input text lists "8400-8400", interpreted as a single point or narrow range). Market price centers trended toward the lower end, with increased wait-and-see sentiment. Supply availability was limited, downstream operators remained cautious, purchasing was mainly driven by rigid demand at low levels, and market inquiries and transactions were generally average.
II. Price Table
Unit: RMB/ton
| Product | Region | Sep 28 | Sep 29 | Change |
|---|---|---|---|---|
| Propylene | East China | 9700-9900 | 9700-9900 | 0/0 |
| n-Butanol | East China | 8500-8500 | 8400-8400 | -100/-100 |
| Acrylic Acid | East China | 7800-7900 | 7800-7900 | 0/0 |
| Butyl Acrylate | East China | 9400-9600 | 9500-9600 | 100/0 |
| Tape Master Roll | Jiangyin | 10500-10700 | 10500-10700 | 0/0 |
| Notes: 1. Prices are VAT-inclusive in RMB. | ||||
| 2. The two periods refer to spot prices from the previous two working days. | ||||
| 3. Change rate refers to the period-on-period variation. |
Yesterday, the domestic butyl acrylate market experienced narrow-range fluctuations. Upstream propylene operated steadily, while raw material n-butanol continued its downward consolidation. Cost pressure on butyl acrylate weakened, leading holders to quote flexibly according to market trends. Low-price quotations for new contracts decreased, downstream buyers purchased based on actual needs, focusing primarily on inventory digestion. Overall, the market negotiation center rose slightly within a narrow range. It is expected that raw material n-butanol will undergo significant volatile adjustments today. The butyl acrylate market is predicted to consolidate within a range, with subsequent focus required on changes in market supply and downstream demand.
III. Data Table
| Data Type | Sep 17 | Sep 24 | Change | Expectation |
|---|---|---|---|---|
| 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 the ratio of production output to capacity, indicating production status. | ||||
| 2. Production profit margin is industry-level data reflecting overall profitability in major regions, calculated as industry profit as a percentage of price. | ||||
| 3. The two periods refer to spot prices from the previous two working weeks before this week, not weekly averages. | ||||
| 4. Change rate refers to the period-on-period change rate. |
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