Key words: Acrylic, acrylic acid, China market, China plastic, China stretch film, China Packing tape, China sealing tape supplier, China supplier
Article author: Bryan Yan
The China domestic market for acrylic acid and esters in April showed ups and downs and showed rapid changes. The acid ester market, which has experienced sharp rises and declining market changes, is now a market where opportunities and risks coexist with the advent of May and the market trend after the May Day holiday. The game still has a courageous contest. So what happened in April, and what about the forecast market in May?
In the first ten days of April, the acrylic acid market experienced a small holiday on the Ching Ming Festival. The domestic demand for acrylic acid has not recovered well. Therefore, the market trading atmosphere was low in the first week of the month, and the downstream customers’ purchasing enthusiasm was not good. Starting around the middle of the month, the supply side’s overall installation started to maintain a mid-to-low level, and the maintenance situation was concentrated. In addition to the fluctuations in the price of raw material propylene, the market for acrylic and ester products quickly pushed up offers. Some traders in the market followed up with spot offers and low-priced sources in the market. The node gradually disappeared. In mid-April, the low-price supply of acrylic acid in East China rose from 8,000 yuan/ton to 9,500 yuan/ton, and the spot offer price increased by 1,500 yuan/ton during the month. In the middle and late ten days, with the continued tight spot supply situation in the market, the market’s trading focus reached a high near 9500 yuan/ton. Due to the approaching monthly settlement cycle, there was an increase in low-priced supply trading in the market, and the prices were mostly concentrated at 9000-9200 yuan. /Ton nearby. On the downstream side, the overall demand for acrylic emulsion and water reducing agents in the construction industry maintained steady consumption in April. Due to the progressive upward trend of acrylic acid in April, the enthusiasm for downstream inquiries increased, and the overall purchase volume was still centered on the overall rigid demand, and excess speculation Increasing operations such as stocking are limited. As of the close, the domestic acrylic acid market closed at 9300-9500 yuan/ton in the east China market; the refined acid market closed at 10200 yuan/ton in the east China market.
In April, the trend of butyl acrylate rose and fell sharply. The price of butyl acrylate in the first half of the year has gradually declined from the high price followed in March. The opening price in early April was 15,000 yuan/ton. After the Ching Ming Festival, the downstream demand increased poorly, and the price continued to decline. To around 13,000 yuan/ton. Due to the delayed start-up of the manufacturer’s butyl butyl equipment and the gradual tightening of the spot supply, the spot offer on the butyl acrylate market rose rapidly to 16,500-17,000 yuan/ton in mid-April. The main reason was that the mainstream spot supplier was tight on the spot, which led to the domestic market. The secondary markets with oversold stocks in various regions present a tight spot situation. Merchants actively promote the latest high prices, leading to a gradual increase in spot offers on the market. Towards the end of the month, as the monthly settlement price is gradually determined, some traders in the market gradually loosened spot offers and focused on real orders. The overall demand in downstream tape master rolls and emulsion industries has gradually recovered. Downstream factories have limited acceptance of the price of propylbutyl ester after the surge in mid-April, and the enthusiasm for inquiries has increased. As of the end of the month, the domestic butyl acrylate offer was accepted at 16,500 yuan/ton in the East China market, 16,500 yuan/ton in the North China market, and 16,800-17,000 yuan/ton in cash in South China.
Looking forward to next month, the domestic acrylic and ester industry chain market may maintain a trend of wide fluctuations. Entering May 2021, the domestic acrylic acid and ester operating rate will remain at 60%. The acrylic and ester plant during the preliminary shutdown and maintenance period may be able to maintain normal operation in May. By then, the domestic acrylic acid and ester operating rate will rise to around 60-70%. The spot supply gradually recovered to ample. For raw materials, the propylene and n-butanol markets may show a weakening trend, and the cost support for acrylic acid and esters may be limited. On the market side, manufacturers may take the initiative to push up prices in early May due to the downward trend in prices at the end of April. The news of overseas installations at the end of April is good for the domestic market, and manufacturers may have multiple choices in the supply focus. In addition, due to the concentration of overall stocking on the eve of the May Day holiday, demand growth after the holiday will also become the focus of market operations. World Packing believes that the market price in May may first stabilize and increase to explore the market, and it will fluctuate widely in the second half of the year. Focus on the overall order increase in downstream demand and the trend guidance of manufacturers’ spot offers.
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Stay Healthy and take care!
Shenzhen World Packing Industrial Ltd
Stretch Film & Packing Tape Specialist , Top China manufacturer
