Price trend
The acrylic acid market was mainly stable this week, with some companies increasing their prices. According to the Commodity Market Analysis System of SunSirs, as of August 18th, the average price of acrylic acid in the East China region was 6,312.50 RMB/ton, an increase of 0.40% compared to Monday's price.
Analysis review
Raw material side: Recently, the domestic propylene (Shandong) market experienced slight fluctuations and rose slightly. According to the Commodity Market Analysis System of SunSirs, on August 17th, the reference price of propylene was 6,813.25 RMB/ton, which increased by 1.49% compared to August 1st (6,713.25 RMB/ton), providing some support for the acrylic acid market.
On the supply and demand side: Recently, the acrylic acid industry was operating smoothly, with a relatively flat operating rate compared to the previous period. Downstream companies had maintained a wait-and-see approach, and inquiries and purchases were still mainly on demand. The market trading atmosphere was average, and the focus of negotiations in the acrylic acid market was mainly stable.
Market outlook
Acrylic acid analysts from SunSirs believe that cost support still existed, while supply and demand support was temporarily stable. The market had a strong wait-and-see mentality, and it is expected that the acrylic acid market may be stable and sorted out in the short term, and more market news guidance is needed.
