Recently, the market for isooctyl acrylate has seen a broad decline. As of April 16th, the benchmark price of isooctyl acrylate in Shengyishe was 12625.00 yuan/ton, a decrease of -3.81% compared to the beginning of this month (13125.00 yuan/ton). The market price of isooctyl acrylate is currently at a low level this year.

Cost side:

The early maintenance equipment for isooctanol raw material propylene has gradually resumed production, and the market supply pressure has increased significantly. Downstream demand has also improved, resulting in a certain increase in the price center of propylene. From January to March 2024, the average domestic propylene price was 6845 yuan/ton, a decrease of 2.48% month on month and 7.06% year-on-year. As of April 16th, the benchmark price of propylene for Shengyishe was 6906.60 yuan/ton, an increase of 1.71% compared to the beginning of this month (6790.60 yuan/ton).

Last week, the focus of the isooctanol market fluctuated narrowly, and the spot trading atmosphere in Shandong market was good over the weekend, with a trading focus of 9150-9200 yuan/ton. Due to the increase in operating rates of major downstream plasticizer devices, demand buying has performed well, providing support for low-end market prices. The inventory level of mainstream factories is low, and there is no pressure on shipments. It is expected that the focus of transactions in the isooctanol market will be concentrated on the high-end of the quotation in the near future.

Supply and demand side:

At present, the production capacity utilization rate of acrylic acid isooctyl ester enterprises is tightening, the market supply is tight, and the shipping pressure of enterprises is average; From the demand side, downstream companies are cautious and cautious about high prices, and follow-up on actual transactions is needed.

Overall:

At present, the overall market for isooctyl acrylate is showing a situation of oversupply, with no significant improvement in downstream demand. Although the supply side device load has decreased, the supply source is relatively abundant. The price of isooctyl acrylate in the raw material market is the main factor for the broad downward trend in the domestic isooctyl acrylate market. Both the supply side and cost side have weak support for the current market. Business Society analysts predict that the current price range of isooctyl acrylate will continue to be purchased on demand, while the raw material isooctyl alcohol has a downward trend but is relatively high. Isooctyl acrylate will remain volatile and consolidating in the short term.