SunSirs: Weak Demand and the Market Price of Acrylic Acid Went Down This Week (10.28-11.1)

Price trend

According to the data monitoring of SunSirs, According to data from the business community's big list, this week's acrylic market is on the decline. As of November 1, the average price of acrylic acid was 6,933.33 RMB/ton, down 5.88% compared with the beginning of the week (October 28). In a three-month cycle, it fell by 9.57%. On November 1st, the domestic mainstream price of acrylic acid was 6900~7000 RMB/ton.

Analysis review

Product: Acrylic acid market is down this week. This week, the supply side of acrylic acid market is sufficient, but the downstream manufacturers' operating rate is low, the overall demand is weak, and the contradiction between supply and demand is prominent. As of Noevember 1, the price of acrylic acid of Shandong Yukang Chemical Co., Ltd. has been temporarily stable, with 8200 RMB/ton of common acid and 8850 RMB/ton of refined acid. The specific transaction price is determined by the actual contract. Jinan aochen Chemical Co., Ltd. has 7500 RMB/ton of common acid and 9400 RMB/ton of refined acid. The specific transaction price is determined by the actual contract. The price of acrylic acid of Wanhua chemical and Petrochemical Co., Ltd. has remained stable, mainly for contracts and stable customers. At present, acrylic acid The price is 7000 RMB/ton.

Industry chain: The upstream propylene market price in Shandong (10.28-11.1) fell by 2.90% this week. The price of propylene began to decline from the end of October. On November 1st, it continued to fall by 50-100 RMB/ton. At present, the market turnover is about 7100-7450 RMB/ton, and the mainstream price is 7150 RMB/ton. Acrylic downstream construction load is not high, the demand side is light, the market just needs to buy, mostly according to the contract, the wait-and-see atmosphere is strong.

Industry: according to the price monitoring of SunSirs, in the 43rd week of 2019 (10.28-11.1), there are 12 kinds of commodities rising month on month in the list of commodity prices in the chemical industry sector, among which there are two kinds of commodities rising by more than 5%, accounting for 2.4% of the number of commodities monitored in the sector; the top three commodities are dichloromethane (9.58%), sulfuric acid (6.98%) and aniline (4.24%). There were 40 kinds of commodities with a decrease in the chain, and 4 products with a drop of more than 5%, accounting for 4.7% of the monitored products in the sector; the top 3 products were DMF (-7.88%) and butadiene (-6.73). %), acrylic acid (-5.88%). This week's average price increase was -0.61%.

Market outlook

Analysts of acrylic acid of SunSirs believe that in the near future, raw material propylene is in a downturn, cost support is insufficient, and acrylic acid spot supply is sufficient, but downstream demand is weak. It is expected that acrylic acid market will be dominated by weak operation in the short term.

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