Price trend
According to the Commodity Market Analysis System of SunSirs as of April 14th, the average price for acrylic acid in the East China region was 6,775.00 RMB/ton, which was unchanged compared to Monday's price.
Analysis review
The acrylic acid market was operating steadily this week. Recently, the market price of raw propylene rose, the cost support was strengthened. The maintenance of some factories on the supply side was completed, and the industry's operating rate had increased. Downstream procurement was mainly based on demand, market trading atmosphere was general and the focus of acrylic acid negotiations was mainly stable.
Upstream propylene, according to the commodity market analysis system of SunSirs the support for propylene market in Shandong became stronger recently, and the price had continued to rise slightly. On the 14th, the mainstream quotation in the Shandong market was 7,200-7,300 RMB/ton.
Market outlook
Acrylic acid analysts from SunSirs believe that cost support increased, operating rates increased, market transactions were on demand, and there was a strong wait-and-see atmosphere. It is expected that the acrylic acid market may continue to consolidate in the short term, and more attention needs to be paid to market news guidance.
