Recently, the price of isooctyl acrylate in China has been steadily increasing. As of May 28th, the benchmark price of isooctyl acrylate in Shengyishe was 12800.00 yuan/ton, an increase of 1.39% compared to the beginning of this month (12625.00 yuan/ton). Currently, there is no pressure on supply, and there may still be room for price increases supported by costs. It is expected that the focus of the domestic market for isooctyl acrylate will be on the rise in the near future.

In terms of cost:

Recently, the market price of isooctanol has slightly increased. As of May 28th, the benchmark price of isooctanol in Shengyishe was 9880.00 yuan/ton, an increase of 2.28% compared to the beginning of this month (9660.00 yuan/ton). Due to maintenance plans for some plasticizer devices in May, downstream plasticizer users are purchasing in moderation. The mainstream factories of isooctanol are arranging inventory shipments, and it is expected that the isooctanol market will consolidate and operate in June.

Recently, the price of acrylic acid in the market has remained stable. As of May 28th, the benchmark price of acrylic acid in Shengyishe was 6925.00 yuan/ton, an increase of 1.47% compared to the beginning of this month (6825.00 yuan/ton). The cost support has been strengthened, the market supply has decreased, and the sentiment of price support has increased. Factories and holders have pushed up their prices, and downstream users have increased their enthusiasm for inquiries. As a result, they need to purchase and replenish goods in a timely manner.

In terms of supply and demand:

At present, the production capacity utilization rate of domestic isooctyl acrylate enterprises remains low, the on-site spot supply has decreased, and the pressure on enterprise shipments is relatively small; From a demand perspective, there has been an increase in downstream terminal demand, with actual orders mainly negotiated.

Overall

At present, the rise in cost is the main factor supporting the domestic market price of isooctyl acrylate. The current increase in raw material prices and demand has provided favorable support for the domestic isooctyl acrylate market. Analysts from Business Society predict that with the high price of isooctyl acrylate, downstream consumers may have a resistance mentality, and the subsequent rise of isooctyl acrylate may be difficult to maintain.