Acrylic Acid and Ester Market Analysis Weekly (10.29-11.2)

Ⅰ. This week's market overview

Acrylic acid, this week the domestic acrylic acid market weak consolidation trend, as of This Friday, the price of domestic acrylic acid in East China 10,000-10,200 yuan/ton. This week the factory offers firm, but the market demand follow-up is not good, and at the end of the month, the cargo holders are willing to ship, solid order transaction center gradually downward. In terms of refined acid, the domestic refined acid market is running steadily this week, and the overall market trading atmosphere is relatively light. SAP manufacturers are mostly bearish on refined acid market, so they consume more of their inventory. As of This Friday, the domestic refined acid price in East China is 10,400-10,500 yuan/ton.

Butyl acrylate, the domestic butyl acrylate market has been closed in a narrow range this week. By This Friday, the price of butyl acrylate in east China market is 11100-11200 yuan/ton. Early acrylic strong rise of butyl acrylate support effect is obvious, the recent trend of raw materials propylene and n-butanol is weak, high acrylic price stable, manufacturers butyl ester price stable operation, but the downstream demand is general, traders store shipping demand, narrow loosening of the negotiating space, butyl ester trading center of gravity at the high end of the fall.

Ⅱ. Supply side analysis

On the supply side, this week's domestic acrylic acid plant operating rate of 71.4%. This week kaitai New District acrylic plant stop maintenance; Huizhou Cnooc acrylic acid plant stop maintenance.

Butylacrylate units were operating at 61.7%, down from last week. This week is mainly qilu Kaitai parking maintenance, Wanzhou petrochemical park due to power outage temporary parking.

Late maintenance planning device: Shanghai Huayi Acrylic and ester stop maintenance; An acrylic plant of Ningbo Formosa Plastics is expected to stop for maintenance in November.

Ⅲ. Raw material market analysis

This week, the domestic market price of propylene rebounded after a slight decline. By Friday, the price of propylene in Shandong market was 9150-9200 yuan/ton, and that in East China market was 9100-9250 yuan/ton. Supply side, affected by the external disk price continues to decline, the recent port to ship relatively more. Affected by the shipment improvement, refinery inventory pressure is alleviated. At the demand end, downstream factories are generally bottom-hunting and filling positions, and the overall demand for propylene is gradually picking up. Part of the powder factory load, high enthusiasm for raw material buying. Next week, refinery inventory pressure gradually eased, demand side, powder production enterprises profit is good, start load increase; In addition, butanoctanol device on and off, the overall demand is good. It is expected that the domestic propylene market will continue its steady upward trend next week.

This week, the domestic n-butanol market is mainly weak consolidation, as of Friday, the east China market price of 7400-7450 yuan/ton. Butanol factories continued to lower prices within the week. With the rebound of propylene, n-butanol stopped falling and stabilized in the second half of the week, and phased procurement gradually recovered in the downstream. Enter next week, the propylene market is stable and firm, or there is some support, supply and demand is flat, it is expected that the domestic n-butanol market will be stable next week.

Ⅳ. Market forecast for Thursday and next week

On the supply side, there is no change in factory starts next week compared with this week. Spot supply on the market is stable and inventories are gradually accumulating.

On the demand side, downstream demand is still just need to purchase, the enthusiasm of receiving goods is slowing down.

On the cost side, the raw material propylene and n-butanol markets are stabilizing, and the support strength on the cost side is decreasing.

To sum up, acrylic acid and ester next week is expected to weak market.