SunSirs: Acrylic Acid Market Rose in January
February 01 2023 14:52:55 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the average price of acrylic acid in East China was 7,566.67 RMB/ton as of January 30, up 11.27% from January 1.
Analysis review
In January, the acrylic acid market stabilized first and then rose. In the first ten days, the price of raw material propylene was stable and slightly changed, the impact of cost was limited, the industry operating rate was slightly increased, the market atmosphere was warmed up, the transaction was just needed mainly, and the focus of negotiation in the acrylic acid market fluctuated little. In the middle of January, the price of raw material propylene rose, the cost support was strengthened, the factory's operating load was increased, and the downstream goods were prepared in an orderly manner before the holiday. With the approaching of the holiday, the market turnover gradually slowed down, and the price was mainly stable. After the festival, the impact of cost was general, users were coming back one after another, the market atmosphere was active, it was difficult to find low-priced goods, and the enterprise quotation was rising.
According to the monitoring data of SunSirs, the reference price of propylene on January 30 was 7,640.60 RMB/ton, up 5.47% from that of January 1 (7,244.60 RMB/ton).
Market outlook
The acrylic acid analyst of SunSirs believes that the current cost support still exists, the overall operating rate of the industry is not high, and the market activity is increasing. It is expected that the acrylic acid market will be strong and firm 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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