Domestic butyl acrylate prices continue to bottom

As per recent reports, the production of butyl acrylate in southern China remains robust, yet prices have dropped significantly. Currently, the mainstream price hovers around 13,800 to 14,000 yuan per ton, which represents a decline of 600 to 800 yuan per ton compared to last week. Manufacturer inventories have risen, leading to a sharp drop in prices. The main quoted prices are now at 13,500 to 13,600 yuan per ton, a reduction of 2,500 to 2,450 yuan per ton from the previous week. Due to insufficient domestic production capacity for butyl acrylate, prices have continued to hit new lows. In the market, demand from downstream industries has remained weak, causing prices to plummet further. In East China, the market sentiment is quite gloomy. End-users have largely withdrawn from the market, leaving dealers struggling to sell their stock. Prices are dropping rapidly, with the primary market price now ranging between 13,000 to 13,500 yuan per ton, down by 1,800 to 2,000 yuan per ton from just a week ago. In South China, market activity has slowed significantly. Dealers are experiencing mounting inventory pressure due to weak transactional sentiment, and prices continue to fall sharply. The current primary market price stands between 13,500 to 13,800 yuan per ton, marking a decrease of 500 to 700 yuan per ton from the previous week. In North China, the butyl acrylate market remains lackluster, with ineffective purchasing activity. Dealers are finding it challenging to ship products, resulting in continued price declines. The primary market price ranges from 13,000 to 13,500 yuan per ton, a sharp drop of 1,500 to 1,700 yuan per ton compared to a week ago. Market Summary: The domestic butyl acrylate market is experiencing sluggishness, with prices accelerating downward. Affected by the downturn in the upstream raw materials market, the pricing space for butyl acrylate has been compressed, creating a weak market psychology. Buyers are holding back, waiting for prices to stabilize. With limited supply and low trading volumes, short-term butyl acrylate prices are likely to remain volatile. Additionally, the ongoing shortage of raw materials and weak end-user demand are expected to keep the market under pressure, potentially leading to further price adjustments in the near future.