Shenzhen, China: The Ethyl Acrylate markets in China and Germany are displaying contrasting trends. In China, the market is gradually improving as downstream Coating and Construction enterprises show signs of recovery, leading to a positive trend. This improvement is reflective of a slow but steady increase in demand, which is helping to boost market sentiment. Conversely, the German Ethyl Acrylate market remains stable due to a maintained equilibrium between supply and demand. Adequate inventory levels of Ethyl Acrylate are sufficient to meet the limited demand from downstream sectors, preventing significant fluctuations in market prices. This stability in German Ethyl Acrylate market underscores the balance in supply and demand, ensuring a steady market trend despite the lack of substantial growth in demand from downstream industries.

During the week ending on 20th December, the Ethyl Acrylate market in China showed a slight improvement of 0.4%. This uptick occurred despite fluctuations in production costs of Ethyl Acrylate, with Ethanol prices dropping by 3% and Acrylic Acid prices rising by 0.5%. The improved market sentiment was mainly driven by a recovery in the downstream Coating and Construction sectors. Additionally, the Chinese government has implemented several measures to revitalize the struggling property sector, including tax incentives, reduced down payment requirements, and initiatives to improve housing affordability. These efforts have led to a quicker rise in new home prices in November. However, the prolonged slump in the property market, which at its peak in 2021 accounted for about a quarter of China's economic activity, continues to challenge the broader economy. Despite these ongoing issues, the targeted policies have helped stimulate demand and support a gradual improvement in the Ethyl Acrylate market.

The European Ethyl Acrylate market has maintained stability, primarily due to unchanged production costs and stable prices of feedstocks like Ethanol and Acrylic Acid. In terms of the downstream sectors, the Coating and Construction sectors in the Eurozone have faced significant challenges. Housing activity in October hit record lows, limiting demand for Ethyl Acrylate. Additionally, port congestions at Hamburg have disrupted the supply chain, causing a buildup of export volumes and overwhelming storage capacities. These logistical issues have further complicated operations, prompting market players to adopt a cautious approach to prevent exacerbating market sentiment. By maintaining this careful stance, they aim to navigate the current market challenges, balancing the stable production costs against fluctuating demand and supply chain disruptions.

According to ChemAnalyst, the Ethyl Acrylate market is projected to experience a decline in the coming weeks as market players shift their focus toward destocking activities before the year-end. This strategic move is driven by the need to reduce inventory levels and streamline operations in anticipation of the new fiscal period. By prioritizing the clearance of existing stock of Ethyl Acrylate, market participants aim to mitigate potential overstock issues and align their supply with the anticipated lower demand during the year-end period.