Price trend

According to the monitoring data of SunSirs, the average price of acrylic acid in East China was 7,966.67 RMB/ton as of February 8, up 3.46% from that of February 1.

Analysis review

Since February, the acrylic acid market had risen steadily. From the perspective of cost: recently, the price of raw material propylene rose, and the support for acrylic acid increased. From the perspective of supply and demand: the enterprise's device load was not high, the industry's inventory was low, and the downstream returned, the demand had gradually increased, the market inquiry was positive, and the focus of acrylic acid negotiation had steadily increased.

Upstream propylene, according to the data monitoring of SunSirs, the domestic propylene (Shandong) market had risen slightly recently. On February 8, the reference price of propylene was 7,680.75 RMB/ton, up 1.99% from that of February 1 (7,530.75 RMB/ton).

According to customs statistics, from January to December 2022, China's cumulative imports of acrylic acid and its salts were 35,753,620 kg, and the cumulative exports were 129,322,873 kg. The lowest import volume was in December, the import volume was 134,140 kg, the highest import volume was in February, and the import volume was 5,395,355 kg. The lowest export volume was in October, the export volume was 618,993 kg, the highest export volume was in June, and the export volume was 29,925,693 kg.

Market outlook

The acrylic acid analyst of SunSirs believes that the market fundamentals have not changed much at present, and the transaction still depends on negotiation. With the resumption of downstream work, the demand is stable and expected to be better. It is expected that the acrylic acid market will be strong in the short term, and more attention should be paid to the guidance of market news.

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