Price trend
The acrylic acid market was temporarily stable on December 15. According to data from SunSirs’bulk list, as of December 15 the average price of acrylic acid in East China was 9766.67 RMB/ton, which was the same as the previous trading day and increased by 26.84% compared to November 15. In a three-month cycle, it rose 14.01% .
Analysis review
Recently, the price of propylene, a raw material, has generally stabilized on the 15th after it has fallen. High cost pressure still exists. The downstream market purchases are basically based on demand, the enquiry and transaction atmosphere is normal, and corporate offers are stable.
Upstream propylene, on December 15, the market price of propylene in Shandong remained stable. According to SunSirs price chart, propylene prices continued to rise in late November, with an increase of over 12%. From the end of last month to the beginning of this month, the price stabilized again. It started to show an overall upward trend on the 4th. From the 3rd to the 8th, the price rose by about 450 RMB/ton, up 5.90%. ropylene prices remained stable on the 9th. On the 10th, individual companies made up the rise, and some companies’prices fell slightly. On the 11th, the prices began to fall twice, and the decline continued on weekends. By the 14th, it had fallen by 200-250 RMB/ton. On the 15th, prices were mainly stable. The current market transaction is between 7,850 and 8,150 RMB/ton, and the mainstream price is around 7,900 RMB/ton. At present, the inventory pressure of manufacturers is not great, and the propylene plant that has been suspended in the north has not been restored yet, and the sales situation is average.
Market outlook
According to the acrylic acid analysts of SunSirs, the price of raw material propylene has stabilized temporarily after the recent decline, cost pressure still exists, and the market trading atmosphere is general. It is expected that in the short term, the acrylic acid market may be stable, and more attention needs to be paid to market news guidance.
