Price trend

According to the data of SunSirs, the average price of acrylic acid as of January 8 was 8,133.33 RMB/ton, which was the same as that of the 7th, with a three-month cycle, up 2.52%. On the 8th, the mainstream price of domestic acrylic acid was 7,300 ~ 9,300 RMB/ton.

Analysis review        

Product: On the 8th, the acrylic acid market was temporarily stable. The acrylic acid market has limited spot supply, and it is necessary to purchase downstream. The enthusiasm for inquiry has increased, and the market as a whole is mainly stable. At present, the price of acrylic acid in Shandong Yukang Chemical Co., Ltd. is temporarily stable, with 7,600 RMB/ton of common acid and 8,100 RMB/ton of refined acid. The specific transaction price is discussed on a case by case basis. The price of acrylic acid in Wanhua chemical and Petrochemical Co., Ltd. is stable, mainly for contracts and stable customers. At present, the price of acrylic acid is 7,800 RMB/ton.

Industrial chain: The market of propylene in Shandong continued to rise on August 8. Influenced by international crude oil, domestic propylene price rebounded from the bottom at the end of December, rising continuously. On January 5 and 6, it was generally stable, and on January 7, it began to rise again. Today, the enterprise price is still slightly increased by about 50 RMB/ton. At present, the market transaction is about 6,950-7,300 RMB/ton, and the mainstream price is about 6,950 RMB/ton.

Market outlook

Analysts of acrylic acid believe that in the near future, the price of raw propylene has been rising continuously, and the cost support has been strengthened. It is expected that the acrylic acid market will be stable and positive in the short term, and more attention should be paid to the upstream and downstream and mainstream market conditions.

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