Recently, there has been no positive news to support the overall market atmosphere, with stable price operation as the main focus. Downstream delivery is mostly wait-and-see. As of May 6th, the benchmark price of ethyl acrylate in Shengyishe is 9375.00 yuan/ton, which is unchanged from the beginning of this month.
In terms of market conditions:
The recent weak consolidation of the ethyl acrylate market. The market has a strong bearish mentality, with the cost side continuing to weaken and the market supply being sufficient. In addition, some early parking devices have plans to operate, and downstream and traders are more cautious. The enthusiasm for buying goods is poor, and the market continues to accelerate downward, making it difficult for prices to rise.
The mainstream receiving price in the East China market for this period (4.29-5.6) is around 8900-9100 yuan/ton; The mainstream ex factory price in South China ranges from 9000 to 9200 yuan/ton; The mainstream ex factory price in North China is around 9100-9300 yuan/ton.
In March, the import volume of ethyl acrylate in China was 320.05 tons, a month on month increase of 128.77%, with a total import price of 473892 US dollars. The export volume was 2748.9 tons, a month on month increase of 16.75%, and the total export price was 3259174 US dollars.
Summary and prediction:
The overall trend of ethyl acrylate spot prices is weak. After the holiday, there is good news coming out downstream, and the atmosphere has slightly improved. However, it is necessary to pay attention to the actual landing of each unit, and some of the ethyl acrylate units that have been shut down have plans to start operating, so the overall market is still difficult to rise. Business Society analysts predict that in the near future, the narrow consolidation of the ethyl acrylate market will be mainly on a wait-and-see basis.
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