Price trend

This week, the acrylic acid market remained stable and saw some growth. According to the Commodity Market Analysis System of SunSirs, as of September 8th, the average price of acrylic acid in the East China region was 7,025.00 RMB/ton, an increase of 1.81% compared to Monday's price.

Analysis review

The focus of discussions in the acrylic acid market this week was mainly on stability, with holders following the market, and some companies increasing their prices based on their own situation. Since September, the raw material propylene market had been on the rise and then on the decline. At the beginning of the week, costs still had support for the acrylic acid market, supporting the mentality of enterprises to hold up prices. The utilization rate of acrylic acid production capacity had slightly increased, and downstream mainly followed up on demand. With the decline of raw material propylene prices, cost support had weakened, downstream procurement mentality was cautious, and the market transaction atmosphere was average.

Upstream propylene: On September 7th, the Shandong propylene market fell weakly, with mainstream market quotations dropping to 7,100-7,150 RMB/ton, a decrease of 100-150 RMB/ton compared to the previous trading day.

Market outlook

According to acrylic acid analysts from SunSirs, as of September 8th, market transactions were mainly on demand, with a strong wait-and-see mentality. It is expected that the acrylic acid market will continue to watch and see and consolidate in the short term, and more attention needs to be paid to changes in raw material prices.

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