In late May, the domestic market for isooctyl acrylate showed a month on month improvement, with the main trend fluctuating. As of May 15th, the benchmark price of isooctyl acrylate in Shengyishe was 12750.00 yuan/ton, an increase of 0.99% compared to the beginning of this month (12625.00 yuan/ton). Due to the significant increase in domestic equipment maintenance and overseas exports, the market supply of isooctyl acrylate is significantly tight, with an overall preference for quantity and price.
Supply side:
The domestic orders for raw materials for isooctanol have been well followed up, with the main focus on pending orders and on-demand procurement. Most factories have maintained high load operations, and overall isooctanol has maintained a high level of upward trend. As of May 15th, the benchmark price of isooctanol in Shengyishe was 9850.00 yuan/ton, an increase of 1.97% compared to the beginning of this month (9660.00 yuan/ton).
As of May 15th, the benchmark price of acrylic acid in the domestic raw material market was 6925.00 yuan/ton, an increase of 1.47% compared to the beginning of this month (6825.00 yuan/ton). The acrylic acid market is supported by expectations of recent shutdown and maintenance of individual production units. Production companies have made strong offers, while holding manufacturers have seen their prices rise. The focus of trading on the market has fluctuated, and downstream markets have average enthusiasm for receiving goods. The market may continue to consolidate and operate, with primary demand supporting the market.
Demand side:
The SAP industry’s demand performance is relatively warm, providing strong support for the market. Due to differences in product structure, there are differences in stocking in different regions, and market confidence is steadily recovering. The market maintains a cautious wait-and-see attitude towards high prices, and follow-up on actual transactions is needed.
The water reducing agent market is operating steadily with a weak trend, and holding manufacturers are maintaining high reports and low operations. Business owners have a strong wait-and-see sentiment, and downstream inquiries have increased enthusiasm. The willingness to accept goods is not strong, so pay attention to changes in the news.
Overall
In the near future, the market for isooctyl acrylate may show strong performance, with demand gradually improving by the end of May and supply-demand contradictions gradually calming down. Business Society analysts predict that a strong price increase is a necessary condition for a rapid increase in apparent demand, and the market price of isooctyl acrylate will fluctuate around 12500-12800 yuan/ton next week.
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