SunSirs: Acrylic Acid Market Was Stable and Declined (March 13-17)
March 20 2023 13:48:31 SunSirs (John)
Price trend
According to the bulk list data of SunSirs, as of March 17, the average price quoted for acrylic acid in East China was 8,050.00 RMB/ton, down 0.62% from Monday's price.
Analysis review
This week, the acrylic acid market was stable and declined. Recently, the price of raw material propylene had fluctuated, and there was still some cost support. The operating rate at the supply end had slightly increased compared to the previous period. The load of downstream plants and devices was not high, and the procurement of raw materials was mainly based on demand. The actual transaction volume in the market was weak, and the price negotiation focus of acrylic acid had declined.
According to monitoring data from SunSirs, the price of propylene in Shandong Province had recently fluctuated and adjusted. On March 16, the reference price of propylene was 7,386.60 RMB/ton, a decrease of 1.81% compared to that of March 1 (7,522.60 RMB/ton).
Market outlook
Acrylic acid analysts from SunSirs believe that the market fundamentals have not changed much, transactions are based on demand and there is a strong wait-and-see atmosphere. It is expected that the acrylic acid market may be dominated by stability in the short term, and more attention needs to be paid to market news guidance.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-24 SunSirs: The Price of Acrylic Acid Was Stable, and the Market Was Wait-and-see
- 2024-04-07 SunSirs: Supply Side Operation Without Pressure, Acrylic Acid Prices Continued to Rise
- 2024-03-29 SunSirs: Supported by the Supply Side, the Acrylic Acid Market Rose in March
- 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)
