SunSirs: The Acrylic Acid Market Was Stable and Consolidated (November 13-17)
November 20 2023 13:58:07 SunSirs (John)
Price trend
This week, the acrylic acid market remained stable and saw some growth. According to the Commodity Market Analysis System of SunSirs, as of November 17th, the average quoted price of acrylic acid in East China was 6,125.00 RMB/ton, an increase of 0.82% compared to Monday's price.
Analysis review
Cost side: According to the commodity market analysis system of SunSirs, the domestic propylene (Shandong) market had experienced a narrow range of fluctuations this week. On November 16, the reference price for propylene was 7,198.25 RMB/ton, an increase of 2.09% compared to November 1 (7,050.75 RMB/ton). The cost still had support for the acrylic acid market.
Supply and demand side: Some enterprises had reduced their equipment load or underwent maintenance, and the overall operating rate of acrylic acid had decreased compared to the previous period. Low inventory on the supply side had some support for the market, and downstream companies were cautious in watching and following up. Market transactions were mainly in demand.
Market outlook
Acrylic acid analysts from SunSirs believe that cost and supply support was in storage, and downstream companies needed to follow up. With some maintenance devices resuming their expected restart, the market was cautious. It is expected that the acrylic acid market will be stable and wait-and-see in the short term, and more attention still 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
- 2024-03-25 SunSirs: Supported by Supply, the Acrylic Acid Market Remained Stable and Stronger
