This week, due to factors such as cost support and supply reduction, the market price of isooctyl acrylate has remained stable. As of April 2nd, the benchmark price of isooctyl acrylate at Shengyishe was 13125.00 yuan/ton, which is unchanged from last week’s (13125.00 yuan/ton). The follow-up of new downstream orders is limited, and the increase in terminal demand is not significant. The price trend is difficult to rise, and the market wait-and-see atmosphere is spreading.

From the perspective of the supply side:

During the week, the price of upstream raw material acrylic acid continued to rise. As of April 2nd, the benchmark price of acrylic acid in Shengyishe was 6525.00 yuan/ton, an increase of 2.31% compared to last week (6375.00 yuan/ton).

From the demand side perspective:

During this cycle, the prices of downstream adhesive short fiber main products have decreased. On April 1st, the adhesive short fiber industry chain index was 108.05, a decrease of 0.24 points from yesterday and a decrease of 125.24 points from the highest point in the cycle. Due to the poor performance of orders in the spinning and weaving markets, but the overall cost of viscose short fibers is relatively high this week, and with the rise of temperature and the arrival of the traditional maintenance season for viscose short fibers, appropriate stocking may still be chosen this week.

Overall

Next week, Pinghu Petrochemical Co., Ltd., a wholly-owned subsidiary of Satellite Chemistry, will undergo routine maintenance and some process upgrades for its annual production of 320000 tons of acrylic acid and 300000 tons of acrylic acid ester units. The maintenance period is expected to be around 60 days. The cost support has been strengthened, and market sentiment has rebounded to some extent. Moreover, the current supply side performance is loose, with enterprise shipments leading the way, and the recovery of terminal demand is slow. The demand side constrains the trend of the raw material market from bottom to top.