Recently, the market trend of butyl acrylate has been stable, with the price of raw material n-butanol stabilizing. Cost support is still acceptable, and butyl acrylate factories and holders have followed the market’s quotations. Some downstream devices have lowered their prices, and spot purchases have followed suit, resulting in a stable market price. As of May 6th, the benchmark price of butyl acrylate for Shengyishe is 9440.00 yuan/ton, which is the same as the beginning of this month.

In terms of demand:

The demand for downstream tape master rolls is lukewarm, procurement is not active, profit situation is not optimistic, inventory is steadily increasing, and it is difficult to ease in the short term. From the trend, short-term sales with inventory are expected. A more optimistic point is that the demand forecast for May will continue to be weak, and after the demand is continuously suppressed, it is predicted that there will be a certain degree of rebound in the future. The downstream tape and lotion factories basically recovered to the normal production level, but due to the slow recovery of terminal demand, the downstream mainly consumes inventory, and is willing to replenish the raw materials as soon as they are purchased.

In terms of supply:

The market price of raw material n-butanol is stable, and cost pressure is reduced. The increase in spot supply has led to factories and holders following the market in their shipments. Downstream users mainly consume previous inventory, while buyers are cautious and cautious. Market negotiations have declined, and there is little change in short-term fundamentals.

Future Market Forecast:

In May, butyl acrylate underwent a narrow consolidation operation. If it rebounds, the rebound strength needs to continue to follow the acceptable level downstream. The supply and demand pattern is relatively loose, and the domestic butyl acrylate market is still under pressure for short-term shipments. The overall decline of butyl acrylate in the short term may be limited.