SunSirs: The Acrylic Acid Market Was Stable (January 3-6)
January 10 2023 14:50:59 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of January 6, the average price of acrylic acid in East China was 6,800.00 RMB/ton, which was the same as the price on Monday.
Analysis review
Acrylic acid market was mainly stable this week. This week, the price of raw propylene was mainly stable with slight fluctuations, and the impact on cost was limited. The operating rate of the industry had slightly increased compared with the previous period, downstream procurement was mainly on demand. The enthusiasm for inquiry had been improved, the market atmosphere had improved, and the focus of acrylic acid market negotiation had not fluctuated much.
Upstream propylene, according to the data monitoring of SunSirs, the domestic propylene (Shandong) market was stable with small changes this week, maintaining overall stability. The average price of propylene in Shandong market was 7,244 RMB/ton at the beginning of the week, and 7,250 RMB/ton at the weekend, with a weekly increase of 0.08%.
Market outlook
Acrylic acid analysts from SunSirs believe that the cost side still had certain supports, the market atmosphere had warmed up, and the transaction was just on demand mainly. It is expected that the acrylic acid market will stable and wait-and-see in the short term, and more attention should be paid to the downstream stock.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
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