Domestic butyl acrylate prices continue to bottom

Recently, according to industry insiders, the production of butyl acrylate in southern China remains robust, yet prices have dropped significantly. The current mainstream price is around $13,800-$14,000 per ton, which is about $600-$800 less than last week. Manufacturer inventories have risen, causing prices to plummet sharply. Mainstream quotes are now at $13,500-$13,600 per ton, representing a drop of $2,500-$2,450 from the previous week. Due to insufficient domestic butyl acrylate production capacity, prices have continued to hit new lows. In the market, the demand from downstream industries has been weak, leading to a rapid decline in prices. Sentiment in the East China market has been particularly gloomy. End users have withdrawn from the market, leaving dealers struggling to sell their stock. Prices are falling at an accelerated rate. The spot market price in East China is currently between $13,000 and $13,500 per ton, a decrease of $1,800-$2,000 from just a week ago. The South China market has also seen sluggish discussions with weak transactional sentiment. Dealer inventory pressures have increased, driving prices further downward. The current spot market price in South China stands between $13,500-$13,800 per ton, down $500-$700 from last week. Meanwhile, the butyl acrylate market in North China has remained weak, lacking effective purchasing activity. Dealers are finding it challenging to ship products smoothly, and prices continue to fall. The current spot market price in North China is $13,000-$13,500 per ton, a sharp drop of $1,500-$1,700 compared to the previous week. Market Snapshot: The domestic butyl acrylate market remains sluggish, with prices accelerating downward. Affected by the decline in the upstream raw material market, the pricing space for butyl acrylate has been compressed, resulting in a weak market sentiment. Buyers have withdrawn from the market, waiting for prices to stabilize. With low supply and limited trading volumes, butyl acrylate prices are expected to continue fluctuating in the short term. Additionally, the global economic slowdown has impacted industrial demand, adding further pressure on the market. As producers attempt to adjust output to match the demand, there is still uncertainty regarding whether prices will stabilize or continue to drop.