Weekly Outlook for the Acrylic Emulsion Market

I. Key Points

1. Oct 7: Communication channels for US-Iran negotiations remain open, and the possibility of further Federal Reserve rate hikes persists, leading to a decline in international crude oil prices. NYMEX WTI crude oil futures (November contract) closed at $88.28/bbl, down $1.16/bbl (-1.30% WoW); ICE Brent crude oil futures (December contract) closed at $100.20/bbl, down $0.38/bbl (-0.38% WoW). China's INE crude oil futures market was closed due to the National Day holiday.
2. Domestic MMA Market: The domestic MMA market saw a slight decline last week. Inventory holders offered minor discounts toward the end of the month, while downstream buyers purchased on an as-needed basis. The market transitioned through the holiday period amid a wait-and-see attitude. Today’s market is expected to remain stable, awaiting further guidance from macroeconomic factors.
3. Domestic Butyl Acrylate Market: Before the holiday, the domestic butyl acrylate market remained generally stable. Upstream propylene operations were steady, while raw material n-butanol continued its downward consolidation trend. Cost pressure on butyl acrylate eased slightly. With new contracts starting, inventory holders reduced low-price offers. Downstream users followed up with as-needed purchases, primarily focusing on digesting existing inventories. The overall negotiation center of gravity remained stable within a certain range. The butyl acrylate market is expected to consolidate today upon opening. Future attention should be paid to market supply and the resumption of operations at downstream facilities.

II. Price List

Unit: CNY/ton

III. Market Outlook

Before the holiday, upstream materials MMA and butyl acrylate remained stable, while the styrene market saw its center of gravity rise, increasing cost support. Acrylic emulsion factories and inventory holders maintained stable price offers and focused on active shipments. End-users purchased on an as-needed basis, keeping market negotiations stable. It is highly probable that the raw material market will open steadily today. Although cost pressure remains, acrylic emulsion factories are likely to maintain stable price offers, with downstream users continuing to purchase as needed. The emulsion market is expected to remain stable. Future attention should be paid to dynamics in the raw material markets for butyl acrylate, MMA, and styrene, as well as the downstream market.