Butyl Acrylate: Low supply is still the focus of the market. Short-term prices or will remain high

The domestic butyl ester market continued to operate at a high level recently, and prices of some manufacturers rose slightly. The direct reason for the high market price of butyl ester is that the overall supply of the domestic market has not been high recently, and the market has not had a large amount of cargo sources to impact the price. Zhuochuang Information Technology analyzes the factors affecting the market in the near future and the outlook of the market.

Recent Market Influencing Factors Domestic butyl ester manufacturers currently have low inventory levels and controlled shipments. Manufacturers also ship most of the core factories. According to ZhuoChuang monitoring, the prices of core factories from major manufacturers have remained stable at 18300-18500 yuan/ton, and may be even lower. The price of the core traders of the factory was slightly raised. The price of the primary market was assessed at around 18,700-18,800 yuan/ton, and some of the low prices were at 18,500 yuan/ton. The secondary market price is relatively confusing, and the high price has a great influence on the customer's access to goods. However, under the influence of low supply, traders are reluctant to sell at low prices.
Since mid-July, the domestic butyl ester market has experienced a surge again, and the market price has rapidly increased from 15,600 yuan/ton to 18,500 yuan/ton. The skyrocketing prices are also accompanied by tight market supply. However, from July domestic export data analysis of butyl ester market, a part of the tight supply of the market may be caused by exports. In July, the shipment of butyl acrylate in China was 9887.013 tons, an increase of 47.32% compared with the previous period and an increase of 3382.45%. From the chart below, we can see that the butyl ester market has reached a new high in recent years.
At present, the supply in the domestic market continues to be low, and Zhuo Chuang believes that it is also affected by certain external markets. Arkema, a major supplier of acrylic acid in Europe, announced on August 10 that due to the breakdown of the waste treatment plant located in Carlin, the company was forced to suspend production. The supply of ethyl acrylate was tight, and on August 13 the company’s force majeure list was increased. Butyl acrylate and methyl acrylate. In addition, there are some sources that the Dow will raise the market price of butyl acrylate in North America from September 1. It also proves that the market demand for butyl acrylate both at home and abroad is relatively strong.
In addition, some manufacturers are under-employed, and the Zhejiang region is affected by the government's power restrictions. Some butyl ester manufacturers are operating at negative rates. As an upstream-downstream integrated Zhejiang satellite, the price of butyl acrylate is greatly increased by RMB 19,700/ton. Ningbo Formosa Plastics Co., Ltd. was also affected by a limited amount of electricity, and the overall operating rate remained low. However, the shipping price is reasonable at around 18,700 yuan/ton.

The market outlook is expected that the current market for butyl acrylate is still tight, and the northern region is even more scarce. In addition, there is a certain demand in the European market. To ensure the maximization of profits, most factories will maintain exports. However, the downstream market progressed slowly, and the pressure was heavier. Some slurry manufacturers were almost shut down, and the relationship between upstream and downstream was evident. However, short-term supply is still difficult to see improvement. From the end of August to the beginning of September, the overall price may continue to remain high.