Price trend

According to monitoring data from SunSirs, as of March 30, the average price quoted for acrylic acid in East China was 7,175.00 RMB/ton, a decrease of 10.87% compared to the price on March 1.

Analysis review

The acrylic acid market fell in March. In the first ten days, the price of raw material propylene fell first and then rose, with solid cost support. Supply side enterprises maintained a centralized overhaul, and market supply shrank. However, on the demand side, the purchasing mentality was cautious, and the intention to receive goods at the terminal was general. Market transactions were just on demand. The focus of acrylic acid negotiations was mainly on stability, with some enterprises' prices increasing. In mid to late March, the market for raw material propylene was dominated by a decline, with weaker cost support and a slight increase in the operating rate compared to the previous period. However, the load of downstream plants and devices was not high, and the enthusiasm for purchasing raw materials through market inquiries was low. The actual transaction volume in the market was weak, with a strong cautious wait-and-see mentality. The price center of acrylic acid declined.

According to monitoring data from SunSirs, the reference price of propylene on March 29 was 7,096.60 RMB/ton, a decrease of 5.66% compared to March 1 (7,522.60 RMB/ton).

Market outlook

Acrylic acid analysts from SunSirs believe that at present, the price of raw material propylene is rising, cost support is improving, downstream procurement is on demand, and the market atmosphere is general. It is expected that in the short term, the acrylic acid market may be on the sidelines and finishing operations, and more attention needs to be paid to the changes in raw material prices.

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