SunSirs: The Acrylic Acid Market Slightly Declined in April (4.1-4.27)
May 04 2023 10:54:23 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, as of April 27th, the average price of acrylic acid in the East China region was 6,800.00 RMB/ton, a decrease of 4.23% compared to the price on April 1st.
Analysis review
The acrylic acid market slightly declined in April. In early April, the price of raw material propylene was narrowly adjusted, with some support from the cost side and an increase in supply side operating rates. However, downstream enterprises did not have high operating loads, and some were in need of buying on dips. The market mentality was cautious, and the price center of acrylic acid declined. In mid April, the price of raw material propylene first rose and then fell, with limited cost impact. Some factories on the supply side completed maintenance, and downstream procurement was mainly in demand. The market trading atmosphere was average, and acrylic acid companies' prices were mainly stable, while some companies' prices were adjusted.
Upstream propylene, according to the Commodity Market Analysis System of SunSirs, on April 26th, the reference price for propylene was 7,130.60 RMB/ton, a decrease of 0.11% compared to April 1st (7,138.60 RMB/ton).
Market outlook
Acrylic acid analysts from SunSirs believe that the current cost support is still acceptable, with downstream inquiries and purchases mainly in demand. The market atmosphere is average, and it is expected that the acrylic acid market may be on the sidelines for consolidation 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.
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- 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
