According to the monitoring data of SunSirs, as of September 16, the average price of acrylic acid in East China was 8,566.67 RMB/ton, an increase of 5.33% compared with the price on Tuesday (September 13), an increase of 5.76%compared with the price on August 16., and down 38.52% r in a three-month cycle.
Analysis review
The acrylic market was up this week. Recently, the market price of raw material propylene was relatively strong, and the cost support was obvious, and some devices on the supply side were temporarily shut down for maintenance. On the demand side, the operating rate of downstream was improved in an all-round way in "Golden September", the downstream inquiries were active, the market trading atmosphere improved, and the focus of the acrylic acid market was steadily rising.
Upstream propylene, according to the data monitoring of SunSirs, on September 15, the reference price of propylene was 7,440.60 RMB/ton, an increase of 4.79% compared with September 1 (7,100.60 RMB/ton).
Market outlook
The acrylic acid analyst of SunSirs believes that the current raw material propylene market is running strongly, coupled with the decline in industry starts, downstream demand is increasing, and the market atmosphere is active. It is expected that the acrylic acid market may run strongly in the short term, and more attention should be paid to the supply-side news guidelines.
