Terminal demand constraints, long-term bearish butyl acrylate market

Market Review: This week, the domestic butyl acrylate market was slightly pulled back under the pressure of demand, the market trend was weak, and the factory's shipment softly caused the secondary market to negotiate lower prices. Under the pre-cost support, the market fell back to a limited extent.

During the week, Beijing Dongfang, Yangzi BASF, and Jilin Petrochemical all reported maintenance news. The three factories accounted for 15% of the total domestic production capacity. The factory tried to pull up the offer with inspections. However, the installation of good news did not boost the downstream mentality. Inventories are difficult to digest quickly, and the market continues to see bearish sentiment. The actual factory price is slightly reduced by 200 yuan to 14100 yuan to 14200 yuan per ton, and the shipment initiative is higher. The high factory callback made it difficult for middlemen to control the trade, and the secondary market suffered from pressure drop. Under the influence of bearish expectations, the pressure on profit-taking was increased in the early stage of the business, the shipping cost of middlemen was reversed, and the secondary market in East China took center stage. Fell to 14300-14400 yuan / ton. The downstream demand was lower than the level of the same period of previous years. Therefore, the buyer was cautious about the later trend of raw materials, the propyl butyl ester market lacked positive growth, the market did not break away from the trend of softening, and users purchased on-demand.

Trader suggestion: The current market equipment maintenance message is difficult to boost the propyl butyl ester market continues to rise, high market correction during the week, the factory actively shipping, many phenomena make the downstream to bearish on the future trend. In the absence of more favorable news, the butyl ester market is difficult to support. At the end of the month, intermediaries cleaned up their inventory, and the focus of market negotiations was further explored. The demand for downstream architectural coatings is not optimistic. The economic growth slowdown has made it difficult for the adhesive market to improve. The overall demand for butyl ester market has been tepid. Longzhong Information believes that despite short-term support of supply and interest, the increase in supply is expected to make it difficult to expand market profits and maintain weaker views over the long term.

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