Recently, the market price of isooctyl acrylate has fluctuated and declined. As of April 17th, the benchmark price of isooctyl acrylate in Shengyishe was 12625.00 yuan/ton, a decrease of -3.81% compared to the beginning of this month (13125.00 yuan/ton). This week, the average ex factory price in East China is around 12500 yuan/ton, in North China it is around 12600 yuan/ton, and in South China it is around 12700 yuan/ton.

Cost side:

Recently, the price of isooctanol has fallen and stabilized. As of April 16th, the quoted price of isooctanol was 9620 yuan/ton, an increase of 1.48% compared to the fluctuation of isooctanol price of 9480 yuan/ton on April 7th; Compared to April 1st, the price of isooctanol at 10060 yuan/ton fluctuated and decreased by 4.37%. After a sharp drop in April, the price of isooctanol stabilized at a low level, and there was a rebound trend in the price of isooctanol after the Qingming Festival. In late March, the market price of isooctanol plummeted sharply, with the lowest transaction center in East China dropping to 9195 yuan/ton. After the price fell to a low level, the enthusiasm for buying and replenishing increased. At the end of the month, the market ended with a oversold rebound, but there was a lack of obvious positive news to boost confidence in the market. After the market rebounded, the sustainability of high price transactions was not strong.

Supply and demand side:

At present, the production capacity utilization rate of acrylic acid isooctyl ester enterprises remains low, the on-site spot supply has decreased, and the pressure on enterprise shipments is relatively small; From a demand perspective, there has been an increase in downstream terminal demand, with actual orders mainly negotiated.

Overall:

It is expected that the market for isooctyl acrylate will stabilize next week, and some manufacturers are still in the equipment maintenance season. The impact of raw materials on isooctyl acrylate will strengthen, and downstream weak demand may deepen. Meanwhile, the inventory of isooctyl acrylate enterprises is relatively low, and the quotation may remain high, indicating a stable overall market operation.