I. Key Points
The spot price of propylene in East China remained stable. At market close, the mainstream delivered price in East China was CNY 10,450/ton; the mainstream delivered price in Ningbo was CNY 10,650/ton; and the reference delivered price in Southern Jiangsu was approximately CNY 10,500–10,500/ton. Related markets fluctuated within a narrow range. Downstream demand in the region remained weak, with the market maintaining stability.
The reference ex-warehouse price for n-butanol in Jiangsu was CNY 8,450–8,450/ton. High-end prices declined, and trading centered on lower levels. Weakness in upstream propylene led to gradual price declines. Downstream buyers maintained cautious procurement based on rigid demand, resisting high prices. Market inquiries and transactions were moderate.
II. Price Table
Unit: CNY/ton
| Product | Region | Oct 9 | Oct 16 | Change |
|---|---|---|---|---|
| Propylene | East China | 10,150–10,400 | 10,250–10,650 | +100/+250 |
| n-Butanol | East China | 8,400–8,500 | 8,450–8,450 | +50/-50 |
| Acrylic Acid | East China | 8,050–8,150 | 8,200–8,300 | +150/+150 |
| Butyl Acrylate | East China | 9,650–9,750 | 9,800–9,900 | +150/+150 |
| Adhesive Tape Master Roll | Jiangyin | 10,800–11,000 | 11,200–11,400 | +400/+400 |
| Notes: 1. Prices are RMB tax-inclusive per ton. | ||||
| 2. Prices represent point-in-time values from the previous two working days. | ||||
| 3. Changes reflect period-over-period fluctuations. |
III. Data Table
| Indicator | Oct 8 | Oct 15 | Change | Trend |
|---|---|---|---|---|
| Acrylic Acid Industry Operating Rate | 71.61% | 68.72% | -2.89% | ↗ |
| Butyl Acrylate Industry Operating Rate | 57.51% | 61.26% | +3.75% | ↗ |
| Acrylic Acid Industry Production Profit Margin | -2.11% | -0.24% | +1.87% | ↗ |
| Butyl Acrylate Industry Production Profit Margin | -7.26% | -7.90% | -0.64% | ↗ |
| 1. Operating rate reflects production output relative to capacity, indicating production activity. | ||||
| 2. Production profit margin is an industry-level metric reflecting overall profitability in major regions, calculated as industry profit divided by price. | ||||
| 3. Values represent point-in-time data from the previous two working weeks, not weekly averages. | ||||
| 4. Changes indicate period-over-period rates. |
IV. Market Outlook
Last week, the domestic butyl acrylate market consolidated at high levels before trending downward amid volatility. Upstream propylene prices fluctuated narrowly. Influenced by weak demand, raw materials n-butanol and acrylic acid saw sluggish price movements, weakening cost support for butyl acrylate. Holders quoted prices according to market conditions. Downstream transmission of high raw material costs proved difficult, with buyers primarily consuming existing inventories and fulfilling contracts. Active procurement was limited, high-end prices disappeared, and trading centered around declining levels. Today’s butyl acrylate market is expected to remain soft with consolidation. Future focus should be on supply dynamics and downstream plant restarts.
V. Data Calendar
| Indicator | Release Time | Period-over-Period Change | Expected Trend |
|---|---|---|---|
| Acrylic Acid Industry Operating Rate MoM | Thu 17:00 PM | -2.89% | ↗ |
| Butyl Acrylate Industry Operating Rate MoM | Thu 17:00 PM | +3.75% | ↗ |
| Acrylic Emulsion Industry Operating Rate MoM | Thu 17:00 PM | -2.1% | ↗ |
| Adhesive Tape Master Roll Industry Operating Rate MoM | Thu 17:00 PM | +8.46% | ↗ |
| 1. ↓↑ indicates significant fluctuations, highlighting changes exceeding 3%. | |||
| 2. ↗↘ indicates minor fluctuations, highlighting changes within 0–3%. |
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