Price trend

The acrylic acid market was on the rise after the holiday. According to the Commodity Market Analysis System of SunSirs, as of May 9th, the average quoted price of acrylic acid in East China was 6,900.00 RMB/ton, an increase of 0.73% compared to Monday's price.

Analysis review

Cost side:

According to the commodity market analysis system of SunSirs, the reference price for propylene on May 8th was 6,778.60 RMB/ton, a decrease of 0.32% compared to May 1st (6,800.60 RMB/ton). After the holiday, the price of raw material propylene fluctuated narrowly, and the cost support was still acceptable.

Supply and demand side:

On the supply side, the factory mainly executed early orders in an orderly manner after the holiday, but the supply side was tight, and the factory had no pressure to increase prices. On the demand side, there was temporarily no significant positive boost in the terminal market. Downstream will follow up on replenishment after the holiday, with acrylic acid procurement mainly focused on rigid demand, and the performance on the demand side was average.

Market outlook

In recent times, there had been no pressure on the supply side to support the price increase of acrylic acid. Looking ahead, the atmosphere in the raw material acrylic acid market was still good, with short-term or strong operation, which may continue to support the acrylic acid market. The supply side support may still exist in the short term, and the demand side mentality is cautious. Market transactions may continue to be mainly in demand, and it is expected that the acrylic acid market will digest the increase in the short term. More attention should be paid to market news guidance.

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