SunSirs: The Acrylic Acid Market Declined Narrowly (July 17-21)
July 24 2023 11:18:53 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, as of July 21, the average price of acrylic acid in East China was 6,250.00 RMB/ton, down 0.40% from Monday.
Analysis review
This week, the acrylic acid market remained stable with some declines. Recently, the raw material propylene market experienced a first decline and then a slight increase, with insufficient cost support. The industry's operating rate had slightly increased compared to the previous period, and there was still support from supply for the market. In the off-season of demand, downstream procurement enthusiasm was average, and holders were mainly active in shipping.
Upstream propylene, according to the Commodity Market Analysis System of SunSirs, the reference price for propylene on July 20th was 6,470.75 RMB/ton, a decrease of 0.73% compared to July 1st (6,518.25 RMB/ton).
Market outlook
Acrylic acid analysts from SunSirs believe that as of July 21, the cost support was average, the industry's capacity utilization rate was still not high, and the demand performance was average. Procurement was mainly based on demand, and it is expected that the acrylic acid market will mainly fluctuate in a narrow range in the short term, and more market news guidance is needed.
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)
