Price trend

According to the Commodity Market Analysis System of SunSirs, as of September 15th, the average price of acrylic acid in the East China region was 7,075.00 RMB/ton, an increase of 0.35% compared to Monday's price.

Analysis review

This week, the acrylic acid market remained stable and saw some growth. Recently, the raw material propylene market saw an increase, cost support was increased. Some enterprise installations were fluctuating, the capacity utilization rate of the acrylic acid industry decreased, and spot supply had shrunk. Downstream inquiries and purchases continued to be in demand, and the market trading atmosphere was still good. The focus of negotiations in the acrylic acid market was mainly stable, with some enterprise prices slightly increasing.

Upstream Propylene: According to the Commodity Market Analysis System of SunSirs, the reference price for propylene on September 14th was 7,300.75 RMB/ton, an increase of 2.64% compared to September 1st (7,113.25 RMB/ton).

Market outlook

Acrylic acid analysts from SunSirs believe that as of September 15th, the cost of acrylic acid was high, and with expectations of downstream pre holiday stocking, it is expected that the acrylic acid market may operate stronger in the short term, and more attention needs to be paid to changes in demand.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.