Price trend

According to the monitoring data of SunSirs, as of January 21, the average quotation price of acrylic acid in East China was 13,800.00 RMB/ton, an increase of 0.73% compared with the price on Monday, and an increase of 5.08% compared with the price on December 21. The price fell by 27.75% in a three-month cycle.

Analysis review

The acrylic market was up this week. Recently, the price of raw material propylene has risen, the cost support has been gradually strengthened, the overall start-up load of the industry was low, and the market spot supply was tight. With the active stocking of downstream products before the festival and the support of export orders, it was difficult to find low-priced supply in the market, and the focus of acrylic acid negotiation was rising.

Upstream propylene, according to the data monitoring of SunSirs, this week (1.17-1.21) the domestic propylene (Shandong) market price rose, the market on Monday was 8,012.80 RMB/ton, and the average price on Friday was 8,192.60 RMB/ton, an increase of 2.24%.

Market outlook

The acrylic acid analyst of SunSirs believes that the current high price of raw material propylene, coupled with the tight spot supply in the market, has a certain support for the acrylic acid market. It is expected that in the short term, the acrylic acid market may run strongly and more need to pay attention to market news guidance.

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