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SunSirs: The Acrylic Acid Market Was Mainly Running Steadily (September 19-23)
September 26 2022 14:31:04SunSirs(John)

Price trend

According to the monitoring data of SunSirs, as of September 23, the average quotation price of acrylic acid in East China was 8,733.33/ton, which was flat compared with the price on Monday, an increase of 7.82% compared with the price on August 23, and a decrease of 37.32% in a three-month cycle.

Analysis review

This week, the acrylic acid market was mainly stable. Recently, the market price of raw material propylene was generally stable, and the cost support still existed. Some enterprises on the supply side overhauled their installations, and the operating rate of the acrylic acid market declined. However, the demand side was sluggish, and the buying interest was general. Most of them were digesting the inventory in the early stage. The market discussion atmosphere was mild, and the transaction price was stable with small changes.

Upstream propylene, according to the data monitoring of SunSirs, this week (9.19-9.23) the domestic propylene (Shandong) market was consolidatingThe average price of propylene in the Shandong market at the beginning of the week was 7,434 RMB/ton, and the average price at the weekend was 7,430 RMB/ton, with a weekly decrease of 0.05% and an increase of 8.31% compared with the 30 days ago..

Market outlook

The acrylic acid analyst of SunSirs believes that the current raw material propylene market is consolidating and running, the cost side still has support, the supply and demand support is general, and the downstream is stocked in an orderly manner. It is expected that the acrylic acid market will be stabilized in the short term, and more attention should be paid to market news guidelines.

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