Price trend:

The acrylic acid market was exhibiting a range-bound, generally stable pattern. As of November 11th, the benchmark price for acrylic acid from SunSirs was 6,200.00 RMB/ton, a decrease of 4.62% compared to the beginning of the month (6,500.00 RMB/ton), with the overall market sentiment remaining stable. Traders were quoting prices according to market conditions, and downstream purchasing behavior was showing divergence, although inquiries and transactions in some regions had become more active than before.

Market Analysis

Cost side:

Upstream raw material propylene prices continued to rise. As of November 11, the benchmark price of propylene from SunSirs was 5,958.25 RMB/ton, a decrease of 1.65% compared to the beginning of the month (6,058.25 RMB/ton). This directly increased the production cost of acrylic acid, creating a solid floor for market prices and becoming the most critical factor preventing a market decline.

Supply side:

Positive changes on the supply side were the main driver of market stabilization and even a potential rebound. Last weekend, a plant in Yantai underwent scheduled maintenance, reducing spot supply in the region. A major acid plant in Shandong suspended spot sales, significantly strengthening market expectations of tightening supply and directly reinforcing producers' confidence in maintaining prices. Although some plants in Ningbo and Huizhou planned to resume production this week, the overall industry operating rate is expected to remain at around 70%, keeping supply pressure manageable.

Demand side:

Demand was uneven: in northern regions, low temperatures had limited construction activity in some downstream sectors, leading to weak demand. However, as the market showed signs of stabilization and even a rebound, it had stimulated some downstream companies to make bargain-hunting purchases.

Market outlook

In summary, the domestic acrylic acid market is expected to enter a period of consolidation in the short term, with prices more likely to rise than fall. Strong cost support and the willingness of suppliers to actively maintain prices will interact with regional demand differences. Under high cost pressure, producers have very limited room for price reductions. The market as a whole will remain stable, but slight price increases are possible in regions such as North China driven by favorable supply-side conditions.

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