SunSirs: Acrylic Acid Market Prices Rose in April

Price trend

The acrylic acid market rose in April. According to the Commodity Market Analysis System of SunSirs, as of April 28th, the average quoted price of acrylic acid in East China was 6,825.00 RMB/ton, an increase of 4.60% compared to April 1st (the reference price of acrylic acid was 6,525 RMB/ton).

Analysis review

From the data monitoring chart of the SunSirs, it can be seen that after the continuous increase in acrylic acid prices in April, it remained stable and operated on a wait-and-see basis. In the first half of the month, cost support was still acceptable, with companies mainly executing pre received orders in the early stage, with tight spot prices and supply side pressure free support for continuous increases in acrylic acid prices. The downstream inquiry atmosphere was active, and there was a high intention to replenish at low prices. The follow-up of high priced raw materials was relatively cautious, and the overall performance of the demand side was average, with a focus on continuing rigid demand procurement.

In the second half of the month, the price of raw material propylene fluctuated and fell, with some equipment fluctuating. Costs and supply support still existed. Downstream companies chosed to lower their rigid demand and stock up in moderation before the holiday, and their follow-up to high prices was still average. Most production companies remained stable in their quotes, while distributors mainly followed the market and shipped according to the market.

Raw material propylene: According to the commodity market analysis system of SunSirs, on April 26th, the reference price of propylene was 6,852.60 RMB/ton, an increase of 0.06% compared to April 1st (6,848.60 RMB/ton). In April, raw material propylene operated in a narrow range of fluctuations, providing sufficient support for the acrylic acid market.

Market outlook

According to acrylic acid analysts from SunSirs, the cost impact was limited, and there was temporarily no pressure on supply side inventory. With downstream stocking gradually approaching its end, the market atmosphere was slowing down, and transactions were mainly in demand. It is expected that the acrylic acid market will remain stable in the short term, and more attention should be paid to market news guidance.

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