SunSirs: The Acrylic Acid Market Was Stable This Week (December 05-09)
December 13 2022 09:58:23 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of December 9, the average price of acrylic acid in East China was 6,700.00 RMB/ton, unchanged from Monday's price and 9.05% lower than the price at the beginning of the month.
Analysis review
Since December, the market situation of acrylic acid in East China has been mainly stable. Some enterprises lowered their prices. This week, the acrylic acid market was mainly stable. From the perspective of cost, the price of raw propylene fell recently, and the cost support was weakened. From the perspective of supply and demand: some units were overhauled, the market operating rate declined, and the spot amount of acrylic acid was low. However, downstream procurement was cautious and just needed. The market atmosphere was flat, and the focus of acrylic acid market negotiation was stable.
Upstream propylene, according to the data monitoring of SunSirs, the reference price of propylene was 7,530.60 RMB/ton on December 8, a decrease of 2.08% compared with that of December 1 (7,690.60 RMB/ton).
Market outlook
According to the acrylic analysts of SunSirs, the current cost support is weak, and the supply side has some support for the acrylic market, but the demand side is cautious. The market transaction is just in demand. It is expected that the acrylic acid market will be mainly stable in the short term, and more attention should be paid to the market news guidance.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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