Price trend

According to the monitoring data of SunSirs, the average price of acrylic acid in East China was 6,800.00 RMB/ton as of January 13, which was the same as the price on Monday.

Analysis review

The acrylic acid market was stable this week. This week, the price of raw material propylene rose slightly, the cost support was strengthened, the factory operating load was increased, the downstream stock was active before the Spring Festival, the market trading atmosphere was active, and the focus of the acrylic acid market negotiation was high and stable.

Upstream propylene, according to the data monitoring of SunSirs, the domestic propylene (Shandong) market rose slightly recently. On January 12, the reference price of propylene was 7,282.60 RMB/ton, up 0.52% compared with January 1 (7,244.60 RMB/ton).

Market outlook

The acrylic acid analyst of SunSirs believes that at present, the cost support still exists, and the market transaction is orderly. With the holiday approaching, the market transaction slows down gradually. It is expected that the acrylic acid market will continue to be stable in the short term, and more attention needs to be paid to the guidance of market news.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com