SunSirs: The Market Price of Acrylic Acid Was Mainly Stable (September 18-22)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of September 22nd, the average price for acrylic acid in the East China region was 7,075.00 RMB/ton, which was unchanged compared to Monday's price.

Analysis review

This week, the acrylic acid market was mainly stable and running lightly. Recently, the raw material propylene market narrowly declined, and the cost side impact was little. Some enterprise installations had restarted, the production capacity utilization rate of the acrylic acid industry slightly increased, and the market spot supply increased. The atmosphere for downstream inquiries and procurement was average, with following up just on demand. The high-end price negotiations in the market were slightly weak, and the wait-and-see mentality continued.

Upstream Propylene: According to the Commodity Market Analysis System of SunSirs, the reference price for propylene on September 21 was 7,308.25 RMB/ton, an increase of 2.74% compared to September 1 (7,113.25 RMB/ton).

Market outlook

Acrylic acid analysts from SunSirs believe that downstream procurement was mainly in demand, and the market trading atmosphere was generally average. It is expected that the acrylic acid market will be stable and wait-and-see in the short term, and more attention needs to be paid to changes in upstream and downstream prices.

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