SunSirs: Acrylic Acid Market Was Biased Towards Weak Finishing (July 18-25)
July 26 2022 13:52:41 SunSirs (John)Price trend
According to the monitoring data of SunSirs, as of July 25, the average price of acrylic acid in East China was 10,100.00 RMB/ton, down 2.26% from the price on last Monday (July 18). It fell by 27.51% compared with the price on June 25, and fell by 30.02% in a three-month cycle.
Analysis review
Recently (7.18-7.25) the acrylic acid market fell. Recently, the raw material propylene market has fluctuated and declined, and the cost support was limited. Some enterprises were shutting down for maintenance, and the overall load rate of the market was not high, but downstream purchases were cautious, the wait-and-see atmosphere was strong, the market atmosphere was general, and the transaction was based on just needed.
Upstream propylene, according to the data monitoring of SunSirs, the recent (7.18-7.22) domestic propylene (Shandong) market price fluctuated and fell. The average price of the Shandong market at the beginning of the week was 7,354 RMB/ton, and the weekend average price was 7,340 RMB/ton, a weekly decrease of 0.19%, and a decrease of 7.53% month-on-month.
Market outlook
The acrylic acid analyst of SunSirs believes that the current cost support is general, the market transaction is mainly just needed, and the cautious wait-and-see attitude is strong. It is expected that the acrylic acid market may be stabilized in the short term, and more attention should be paid to the upstream and downstream trends.
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