SunSirs: Acrylic Acid Market Rose (December 12-15)
December 16 2022 14:03:17 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of December 15, the average price of acrylic acid in East China was 6,800.00 RMB/ton, 1.49% higher than the price on Monday.
Analysis review
The acrylic acid market rose steadily this week (12.12-12.15). Recently, the price of raw propylene rose, and the cost pressure increased. In addition, the load rate of the production enterprises was not high, the spot quantity was relatively small, the enthusiasm of market inquiry increased, the negotiation was moderate and the price focus of acrylic acid rose.
For upstream propylene, the domestic propylene (Shandong) market rose this week. According to the data monitoring of SunSirs, the reference price of propylene was 7,618.60 RMB/ton on December 14, up 2.47% compared with the price on December 12 (7,430.60 RMB/ton).
Market outlook
According to the acrylic analysts of SunSirs, at present, the cost support is strong, the plant load is low, and the market transaction is more active than in the early stage, but the actual demand is still average. The cautious wait-and-see attitude still exists. It is expected that the acrylic acid market will operate stably and to be stronger in the short term. 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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