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[Industry Focus]：Acrylic acid and ester prices rose significantly

Read： 537 Time：18months ago Source：中宇资讯

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from the acrylic acid and ester industry chain table, the whole industry chain has changed after the festival, especially the price of butyl ester is on the rise, which is 7.95 higher than that before the festival. Propylene and butanol performed differently in the two main upstream feedstocks, with propylene prices falling in a narrow range, while butanol rose significantly, up 8.97 percent.
the poor performance of crude oil during the
holiday season, prices continued to fall. The Fed is expected to raise interest rates by 25 basis points. On May 3, oil prices in Europe and the United States continued to fall. June WTI: down 3.06,68.60, down 4.27 per cent; July Brent: 72.33 down 2.99 per cent, down 3.97 per cent. During the holiday season, crude oil fell nearly 10 per cent, crude oil down to explore the cost support of bulk products weakened, propylene and other products down to explore, down 1.84 per cent. On the morning of May 1,

, 2023, a fire accident occurred in the hydrogen peroxide production area of Sinochem Group Luxi Chemical Industry. On May 3, Luxi Chemical announced that the accident caused 9 deaths, 1 injury, and 1 loss of contact. At present, the missing persons are still in full search and rescue. The direct losses caused by the accident are still in the statistics, and the company has declared claims to the insurance company. At present, the company's shutdown and related equipment involving hydrogen peroxide, caprolactam, nylon 6, polyol devices, the specific resumption of work time needs to be determined by scientific assessment. Luxi Chemical butanol production capacity of 400000 tons/year, accounting for 16.74. Affected by the large plant parking, the domestic butanol market supply shrank, the market pushed up the atmosphere is strong, the discussion center of gravity rose high, the market rose 8.97 percent. The April Caixin China Manufacturing Purchasing Managers Index (PMI) released by the

on May 4 recorded a 49.5, below 0.5 percentage points in March, and fell into the contraction range for the first time since February. The manufacturing boom declined in April and the foundation for economic recovery was weak. Downstream terminal demand did not recover significantly, resulting in a lack of market activity, ester market trading follow-up setbacks. Recently, the cost pressure of the ester industry chain is very high. Although acrylic conditions are better than butyl acrylate, industry profits are clearly damaged and factories have been rising. Butanol prices rose sharply after the holiday, butyl ester plants are mainly active follow-up. Most of the end users before the festival have a phased replenishment, the market observation atmosphere is quite lasting. However, short-term market prices are continuing.

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