Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 24th, the average quoted price of acrylic acid in East China was 6,925.00 RMB/ton, which was basically unchanged compared to Monday's price.

Analysis review

The acrylic acid market was mainly stable this week. Recently, the price of raw material propylene had fluctuated narrowly, with limited cost support. The utilization rate of production capacity in the supply side industry had slightly improved, and downstream procurement was cautious. The follow-up was on demand and average, and factories tended to maintain a stable trend, with some offering discounts and getting orders. Dealer quotations were mainly negotiated with the company.

Cost side:

According to the commodity market analysis system of SunSirs, the reference price for propylene on May 23 was 6,726.60 RMB/ton, a decrease of 1.09% compared to May 1 (6,800.60 RMB/ton). The recent fluctuations in raw material propylene prices had little impact on the acrylic acid market.

Market outlook

The acrylic acid analyst from SunSirs believes that the supply side inventory pressure was temporarily controllable, and downstream inquiries and purchases were mainly based on demand. The market had a strong wait-and-see atmosphere, and the short-term cost impact may still be limited. It is expected that the acrylic acid market will stabilize and consolidate in the short term, and more attention should be paid to market news guidance.

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