Price trend

The acrylic acid market was generally stable this week. According to the Commodity Market Analysis System of SunSirs, as of April 19th, the average quoted price of acrylic acid in East China was 6,825.00 RMB/ton, which was basically unchanged compared to Monday's price.

Analysis review

Cost side:

According to the commodity market analysis system of SunSirs, the reference price for propylene on April 18th was 6,914.60 RMB/ton, an increase of 0.96% compared to April 1st (6.848.60 RMB/ton). Recently, the propylene raw material market had been operating strongly, and costs had increased in the face of support from the acrylic acid market.

Supply and demand side:

Recently, the overall operating rate of the industry had improved compared to the previous period, but there was still support from the supply side. Most production enterprises had reported stable market trends, while dealers mainly followed the market and shipped according to market conditions. Downstream buyers had chosen to follow up with lower demand, and the market mentality was cautious. The transaction atmosphere was average.

Market outlook

The acrylic acid analyst from SunSirs believes that in the short term, cost and supply side support may continue, but the wait-and-see sentiment of end users was obvious, and downstream demand was average. Be cautious when buying on dips in the market, and it is expected that the acrylic acid market may remain stagnant in the short term. More attention should be paid to downstream pre holiday stocking demand.

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