Last week (2.26-3.4), the market trend of butyl acrylate was downward, with prices decreasing. Due to insufficient follow-up of downstream demand, procurement was not active, and on-demand procurement was the main focus. Inquiry and wait-and-see were observed, with limited trading volume and insufficient intention to hold the goods, which lowered the purchase price. The market for butyl acrylate lacks driving force and its trend is viewed as weak. As of March 4th, the benchmark price of butyl acrylate in Shengyishe was 9530.00 yuan/ton, a decrease of -1.95% compared to last Monday (9720.00 yuan/ton).

At present, the spot price trend of butyl acrylate is weak, with a slight decrease in price. Market transactions are poor and sentiment is poor. Downstream wait-and-see sentiment is heavy, and there is insufficient willingness to hold the goods. The market lacks driving force, resulting in a narrow decline in the market trend.

In terms of demand, downstream demand is lukewarm, procurement is not active, and the trend of butyl acrylate accumulation is increasing. Inventory is steadily increasing, and it is difficult to ease in the short term. From the trend, short-term sales with inventory are expected. The downstream tape and lotion factories basically recovered to the normal production level, but due to the slow recovery of terminal demand, the downstream mainly consumes inventory, and is willing to replenish the raw materials as soon as they are purchased. The price of adhesive tape master rolls has remained stable, and the cost side’s guidance on adhesive tape master rolls has weakened. Affected the purchasing mentality of downstream users in the market, the demand for tape master roll production enterprises has weakened, and the market is mainly dominated by individual transactions.

In terms of supply, the raw material n-butanol fluctuated downwards, reducing cost pressure. The utilization rate of butyl acrylate production capacity has slightly improved, with an increase in spot supply. Factories and holders follow the market’s trend in shipping, and downstream users mainly consume early inventory. Purchasing is cautious and cautious, leading to a decline in market negotiations. There is not much change in the short-term fundamentals, and raw materials may stop falling and stabilize. The cost inventory is supported by bottoming out, and downstream or small order replenishment expectations are expected. The main focus is on the operation of butyl acrylate or interval, and attention should be paid to changes in enterprise equipment load and raw material market.

Market forecast: The supply and demand pattern is relatively loose, and the domestic butyl acrylate market is still under pressure for short-term shipments. There is still a possibility of a decline in butyl acrylate, and the industry is facing loss pressure, but the overall decline is limited.