The East China propylene market saw a slight decline. By the closing time, the mainstream price in the East China market was 11,450 RMB/ton (ex-tank); the mainstream price in Ningbo was 11,600 RMB/ton (ex-tank); and the delivered reference price in Southern Jiangsu was 11,500 RMB/ton. Spot trading sentiment within the region remained subdued. Some enterprises lowered their offers slightly to facilitate shipments, while downstream buyers purchased on an as-needed basis, resulting in limited transactions.
The Jiangsu n-butanol market reference price stood at 8,300 RMB/ton (ex-warehouse). Market prices were soft and trending downward. As upstream raw material propylene continued to fall, cost-side support for n-butanol weakened. Downstream willingness to take delivery was low, with operators adopting a cautious approach and strong wait-and-see sentiment prevailing. Inquiries and transactions remained sluggish.
Unit: RMB/ton
| Product | Region | Nov 6 | Nov 9 | Change |
|---|---|---|---|---|
| Propylene | East China | 11,400–11,600 | 11,300–11,600 | -100 / 0 |
| n-Butanol | East China | 8,500–8,500 | 8,300–8,300 | -200 / -200 |
| Acrylic Acid | East China | 8,800–9,000 | 8,700–8,900 | -100 / -100 |
| Butyl Acrylate | East China | 9,800–10,000 | 9,700–9,900 | -100 / -100 |
| Tape Master Roll | Jiangyin | 11,700–11,900 | 11,600–11,800 | -100 / -100 |
| Remarks: 1. Prices are inclusive of VAT in RMB. | ||||
| 2. The two periods refer to spot prices from the previous two working days. | ||||
| 3. The change value reflects the period-over-period fluctuation. |
Yesterday, the domestic butyl acrylate market continued its volatile downward trend. Propylene prices maintained a weak downward trajectory, and negotiation centers for upstream raw materials n-butanol and acrylic acid shifted lower. Consequently, cost-side support for butyl acrylate declined. Holders of butyl acrylate adjusted their offers according to market conditions. Market sentiment was predominantly bearish, with a wait-and-see attitude dominating. Active inquiries from downstream users were scarce. It is expected that today, n-butanol will remain weak but stable, with cost support continuing to be fragile. The butyl acrylate market is likely to maintain its weak performance. Future attention should focus on market supply dynamics and fluctuations in raw material prices.
| Data Type | Oct 29 | Nov 5 | Change | Trend |
|---|---|---|---|---|
| Acrylic Acid Industry Capacity Utilization Rate | 64.66% | 65.98% | +1.32% | ↗ |
| Butyl Acrylate Industry Capacity Utilization Rate | 56.19% | 59.28% | +3.09% | ↗ |
| Acrylic Acid Industry Production Profit Margin | -7.85% | -0.58% | +7.27% | ↗ |
| Butyl Acrylate Industry Production Profit Margin | -12.30% | -8.39% | +3.91% | ↗ |
| Remarks: 1. The capacity utilization rate reflects the ratio of production volume to total capacity, indicating production levels. | ||||
| 2. The production profit margin is industry-level data reflecting the overall profitability in major regions, calculated as industry profit relative to price. | ||||
| 3. The data points represent spot prices from the previous two working weeks prior to this week, not weekly averages. | ||||
| 4. The change value represents the period-over-period growth rate. |
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