SunSirs: The Market Transaction Was Just Needed, and the Acrylic Acid Market Was Stable
March 13 2023 11:35:33 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, as of March 10, the average price of acrylic acid in East China was 8,125.00 RMB/ton, which was the same as the price on Monday.
Analysis review
The acrylic acid market was running smoothly this week. Recently, the price of raw material propylene was relatively stronger, the cost support was stable, the maintenance of enterprises at the supply side remained centralized, the market supply was shrinking, the purchasing mentality on the demand side was cautious, the intention of receiving goods at the terminal was general, and the market transaction was just on demand.
According to the monitoring data of SunSirs, the price of propylene in Shandong Province stopped falling and rebounded recently, with a narrow rise of 50 RMB/ton for two consecutive days. On March 9, the reference price of propylene was 7,464.60 RMB/ton, down 0.77% from that of March 1 (7,522.60 RMB/ton).
Market outlook
According to the acrylic acid analyst of SunSirs, as of the 10th, the cost side had some support, and the downstream procurement was on demand. Under the support of tight supply, it is expected that the acrylic acid market will be strong in the short term, and more attention should be paid to the guidance of market news.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com
- 2024-04-07 SunSirs: Supply Side Operation Without Pressure, Acrylic Acid Prices Continued to Rise
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- 2024-03-25 SunSirs: Supported by Supply, the Acrylic Acid Market Remained Stable and Stronger
- 2024-03-18 SunSirs: The Acrylic Acid Market Was Operating on a Wait-and-see Basis (March 11-15)
- 2024-03-06 SunSirs: Demand Was Weak and the Acrylic Acid Market Was Weak
