Price trend
The acrylic acid market has risen recently. According to data from SunSirs’bulk list, as of November 17, the average price of acrylic acid in East China was 7,933.33 RMB/ton, which was flat compared with the previous trading day and increased by 8.68% compared with last Monday (November 9).It was a decrease of 25.16% compared with October 17.
Analysis review
The acrylic acid market has risen recently. Downstream inquiries were active, purchase enthusiasm was acceptable, transaction volume increased, and acrylic acid market prices stabilized after rising.
Upstream propylene, on November 17, the market price of propylene in Shandong was almost completely stable. According to the monitoring data of SunSirs, the price of propylene remained stable in the first half of October and plunged by more than 10% in the second half. Since November 1, the price has seen a correction. Since November, it has risen by 200-250 RMB/ton. After a short period of stabilization, it has stabilized again after a slight decline of about 100 RMB/ton on the 8th and 9th, and has risen again by 50 on the 12th The RMB/ton has stabilized again, with slight fluctuations. On the 17th, the price continued to remain stable. The prices of individual companies rose slightly. The current market transaction is between 6,830 and 7,200 RMB/ton, and the mainstream price is around 6,850 RMB/ton. Now the manufacturer's inventory is controllable, and sales are still fairly satisfactory.
Market outlook
According to the acrylic acid analyst of SunSirs, the current price of raw material propylene is temporarily stable, the cost side support is acceptable, and the downstream inquiries are increasing. It is expected that the acrylic acid market may be stable in the short term, and more attention should be paid to market news guidance.
