Recently, multiple production lines in the domestic acrylic acid and ester market have restarted, and their supply has recovered synchronously. However, the demand recovery is less than expected, coupled with a high decline in raw materials, the acrylic acid and ester market has remained stable and downward. Among them, the prices of butyl acrylate and ethyl acrylate have fallen significantly, mainly due to the decline in upstream raw material prices, resulting in lower costs for manufacturers of butyl acrylate and ethyl acrylate, which has a certain impact on market prices. As of March 19th, the reference price for butyl acrylate was 9580.00 yuan/ton, a decrease of 0.83% compared to the beginning of this month (9660.00 yuan/ton).

The reference price of ethyl acrylate is 9387.50 yuan/ton, a decrease of 2.26% compared to the beginning of this month (9605.00 yuan/ton).

The reference price of isooctyl acrylate is 13375.00 yuan/ton, a decrease of 0.37% compared to the beginning of this month (13425.00 yuan/ton).

From the perspective of other products in the industry chain, the fluctuation range of acrylic acid prices is limited, mainly because, on the one hand, the price of raw material propylene has rebounded, with an average propylene market price of 6936 yuan/ton, an increase of 0.74% compared to the beginning of this month (6885.75 yuan/ton).; The average market price of ethanol is 6200 yuan/ton, a decrease of 1.39% compared to the beginning of this month (6287.50 yuan/ton).; The average market price of n-butanol is 7800.00 yuan/ton, a decrease of 8.41% compared to the beginning of this month (8516.67 yuan/ton). The monthly average price of octanol in the market is 11500.00 yuan/ton, a decrease of 7.54% compared to the beginning of this month (12437.50 yuan/ton). The majority of alcohol market prices have fallen this month, providing moderate support for the acrylic ester market.

The downstream water reducing agent market for acrylic acid is maintaining stable operation, with some monomer production enterprises offering narrow fluctuations in prices. Downstream demand side is not highly sensitive to price, and cautious observation is mainly focused on receiving first-time demand. Early inventory digestion is slow, and it is expected that the monomer market will continue to maintain stable operation in the short term.

The downstream SAP industry of acrylic acid has experienced a phenomenon of oversupply but insufficient demand. This is because although SAP in China has a large production and exports, the product supply is mainly low-end products, and most high-end products need to be imported from countries such as Japan, which has dragged down the market. The SAP industry supply has a structural imbalance in supply characteristics. Currently, the price of acrylic acid in the northern market is relatively stable, and some major manufacturers in the East and South China markets have slightly increased their prices, but market transactions are still slow to follow up.

Overall, the current acrylic acid and ester market is mainly affected by raw materials and downstream demand. Business Society analysts predict that the acrylic acid and ester market will continue to be dominated by supply and demand in the short term, with limited price fluctuation space.