SunSirs: Acrylic Acid Market Was Stable and Rising (August 8-12)
August 15 2022 13:39:26 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of August 12, the average quotation price of acrylic acid in East China was 8,100.00 RMB/ton, an increase of 0.41% compared with the price on Monday, a decrease of 28.53% compared with the price on July 12, and down 45.27% in a three-month cycle.
Analysis review
This week, the acrylic acid market was stable and rising. Recently, the market price of raw material propylene risen, and the cost pressure increased. The demand-side procurement was mainly on-demand, the enthusiasm of downstream inquiries increased, and the market sentiment improved compared with the previous period. The focus of the acrylic market discussion was stable and slightly up.
Upstream propylene, according to the data monitoring of SunSirs, on August 11, the reference price of propylene was 7,280.60 RMB/ton, a decrease of 0.93% compared with August 1 (7,348.60 RMB/ton).
Market outlook
The acrylic acid analyst of SunSirs believes that the current raw material propylene market is narrowly sorted, the cost side still has support, the market transaction is just in demand, and the mentality has improved. It is expected that the acrylic acid market may stabilize and wait and see in the short term, and more attention should be paid to market news guidelines.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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- 2024-03-18 SunSirs: The Acrylic Acid Market Was Operating on a Wait-and-see Basis (March 11-15)
- 2024-03-06 SunSirs: Demand Was Weak and the Acrylic Acid Market Was Weak
