1. Market price trend

Affected by supply and demand conditions, acrylic acid market prices continued to decline this week. Specific price data may vary by region and different specifications, but the overall trend is downward. As of June 10, the benchmark price of acrylic acid in SunSirs was 6,833.33 RMB/ton, down 12.77% from the beginning of June (7,833.33 RMB/ton).

2. Supply situation

The load of acrylic acid production units has remained stable recently, which means that the supply in the market has not decreased due to production problems. However, this may also lead to the gradual accumulation of finished product inventory in the market.

Despite the stable load of production units, the finished product inventory in the acrylic acid market is being digested. This may be due to a rebound in downstream demand or the manufacturers taking corresponding inventory management measures. However, the speed of inventory digestion may still not be enough to prevent the downward trend of market prices.

Propylene prices remain low, cost support weakens, and the room for price cuts by enterprises expands. As of June 10, the benchmark price of propylene in SunSirs was 6533.25 RMB/ton, down 0.08% from the beginning of this month (6538.25 RMB/ton).

3. Weak demand

Downstream industries weakened: Demand in terminal application areas (such as coatings, adhesives, textiles, etc.) was sluggish, especially in the construction, automobile and other industries, resulting in low purchasing willingness.

Export restrictions: Shrinking demand in overseas markets or trade barriers (such as anti-dumping) may suppress exports and aggravate domestic oversupply.

4. Market outlook

It is expected that the domestic acrylic acid market will maintain a weak consolidation trend in the short term. This is mainly due to the fact that downstream demand remains weak, while the supply in the market is relatively stable. Therefore, before there are obvious positive factors, it may be difficult for the acrylic acid market price to rebound significantly. However, it should also be noted that the market is always full of variables, and any policy adjustments, industry dynamics or macroeconomic changes may have an impact on market prices.

In summary, the acrylic acid market continued its downward trend this week, which is mainly due to the result of the game between supply and demand. With relatively stable supply and weak demand, it is difficult for market prices to rebound significantly. Therefore, holders and downstream users need to pay close attention to market dynamics and industry changes to formulate reasonable procurement and sales strategies.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.