Price trend

Last week (2.27-3.5), ethyl acrylate experienced a downward trend. The ethylene raw material market was stable and declining, with weak cost support. It is difficult for factories to make concessions, and the terminal still maintained a wait-and-see attitude. The negotiation for acrylic acid is about 5,950 RMB/ton, with a starting load of 70.73%. As of March 5th, the benchmark price of ethyl acrylate in SunSirs was 9505 RMB/ton, a decrease of 5.89% compared to last Monday (10,100 RMB/ton).

Analysis review

As of March 5th, the new transaction volume of ethyl acrylate market was relatively low, and terminal demand continued to be weak. Most ethyl acrylate enterprises produced according to orders, while downstream enterprises mostly purchased according to demand. The market had a high wait-and-see attitude, and the trading atmosphere was relatively cold.

Market outlook

The raw material market situation was average, and actual orders needed to be followed up. It’s should to pay attention to the market demand sentiment in the future. Analysts from SunSirs predict that the market quotation for ethyl acrylate will remain stable next week, with a price range of 9,400-9,600 RMB/ton.

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