2-Ethylhexyl Acrylate Market in China Stabilizes Amid Lunar New Year
2-Ethylhexyl Acrylate Market in China Stabilizes Amid Lunar New Year

2-Ethylhexyl Acrylate Market in China Stabilizes Amid Lunar New Year

  • 28-Jan-2025 8:15 PM
  • Journalist: Francis Stokes

The 2-Ethylhexyl Acrylate market in China is showing signs of stability after a slight upward trend in previous weeks of January 2025. Rising production costs of 2-Ethylhexyl Acrylate, driven by increased prices of 2-ethyl hexanol and acrylic acid, are influencing market dynamics. Meanwhile, China's real estate sector remains weak despite government support, with cautious investment impacting construction demand. Furthermore, the Lunar New Year has led to reduced market activity, contributing to stability in the 2-Ethylhexyl Acrylate market.

As of January 24th, 2025, the 2-Ethylhexyl Acrylate market has maintained stability after a slight increase observed over the previous two weeks. This stability comes amid rising production costs, primarily driven by higher prices of key feedstocks. The cost of 2-ethyl hexanol, a crucial raw material in 2-Ethylhexyl Acrylate production, has increased by 1%, while acrylic acid has witnessed a 0.5% surge. These factors have contributed to the current pricing trends, reflecting the gradual strengthening of the 2-Ethylhexyl Acrylate market in China.

In terms of the downstream sectors, China's housing market has been facing significant challenges since the post-pandemic period, primarily due to the financial struggles of property developers. This situation severely impacted buyer confidence, as people became hesitant to invest in real estate amid fears of project delays or failures. The ongoing financial distress within the sector has contributed to a broader economic slowdown, affecting not just real estate but also related industries such as construction, coatings, and raw materials including 2-Ethylhexyl Acrylate.

To revive the struggling housing market, the Chinese government implemented several supportive measures last year. These included lowering mortgage rates to make home loans more affordable and allowing local governments to purchase unsold homes and idle land, aiming to reduce excess inventory and support property developers. These initiatives have provided some stability, particularly in major cities like Beijing and Shanghai, where home prices have begun to show signs of recovery. However, despite these efforts, experts believe the overall market has not yet fully rebounded, as challenges such as weak demand and cautious investment persist.

Experts anticipate that the Chinese government will introduce additional supportive policies in March to further boost the housing market. These measures may include further reductions in mortgage rates, making home loans more affordable, and encouraging more people to buy properties.

Despite these measures, there has been a significant decline in new real estate investments. As a result, developers remain hesitant to initiate new projects, and the overall housing market continues to struggle.

In addition to the challenges facing the housing market, many participants in the 2-Ethylhexyl Acrylate market have temporarily withdrawn from trading and production activities due to the approaching Lunar New Year holiday. As a result, market sentiment for 2-Ethylhexyl Acrylate in China has remained stable, with less volatility and fewer market movements during this time.

According to ChemAnalyst, the 2-Ethylhexyl Acrylate market in China is expected to remain stable in the coming weeks due to the market closure during the Lunar New Year holidays. However, after the holiday period, the 2-Ethylhexyl Acrylate market is predicted to experience positive growth, driven by a surge in demand for 2-Ethylhexyl Acrylate from both domestic and international coating and construction industries.

Related News

2 Ethylhexyl Acrylate Market in China Stabilizes Amid Lunar New Year
  • 28-Jan-2025 8:15 PM
  • Journalist: Francis Stokes
2 Ethylhexyl Acrylate Market in China and Germany Faces Persistent Bearish Trends
  • 03-Dec-2024 4:45 PM
  • Journalist: Francis Stokes
2 Ethylhexyl Acrylate Market Faces Bearish Outlook Amid Weak Demand
  • 24-Oct-2024 5:30 PM
  • Journalist: Li Hua
2 Ethylhexyl Acrylate Market Stability Amid Economic Challenges in Germany
  • 02-Sep-2024 10:35 PM
  • Journalist: Xiang Hong