SunSir: The Acrylic Acid Market Price Was Stable (August 7-11)

Price trend

The acrylic acid market was operating steadily this week. According to the Commodity Market Analysis System of SunSirs, as of August 11th, the average quoted price of acrylic acid in the East China region was 6,287.50 RMB/ton, which was unchanged compared to Monday's price and a decrease of 22.38% compared to the same period last year.

Analysis review

Raw material side: Recently, the domestic propylene (Shandong) market had undergone a narrow consolidation. According to the Commodity Market Analysis System of SunSirs, the reference price of propylene on August 10th was 6,708.25 RMB/ton, a decrease of 0.07% compared to August 1st (6,713.25 RMB/ton), which provided reasonable support for the acrylic acid market.

On the supply and demand side: The operating rate of acrylic acid had increased compared to the previous period, and the trend of downstream products was light and stable. The enthusiasm for purchasing raw material acrylic acid was average, and market transactions were mainly in demand. There was a strong wait-and-see atmosphere, and the acrylic acid market was mainly stable.

Market outlook

Acrylic acid analysts from SunSirs believe that as of August 11th, there was some support in terms of cost and supply, but the demand side was following up cautiously, mainly based on demand. It is expected that the acrylic acid market may be stagnant and consolidated 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.