Price trend

According to the Commodity Market Analysis System of SunSirs, as of May 19th, the average quoted price of acrylic acid in East China was 6,150.00 RMB/ton, a decrease of 3.53% compared to Monday's price.

Analysis review

The acrylic acid market declined this week. Recently, the price of raw propylene market rise slightly, the cost support was limited, and the plant load was not high, but the demand side performance was flat, the downstream mentality was cautious, the inquiry and purchase was just in needed, holders shipped according to the market, and the focus of negotiations in the acrylic acid market had slightly declined.

Upstream propylene, according to the Commodity Market Analysis System of SunSirs, the reference price for propylene on May 18th was 6,952.60 RMB/ton, a decrease of 1.42% compared to May 1st (7,052.60 RMB/ton).

Market outlook

Acrylic acid analysts from SunSirs believe that as of the 19th, cost support had improved, and operating rates had decreased compared to the previous period. However, the demand side follow-up was limited, and the market trading atmosphere was average. It is expected that the acrylic acid market may be weakly consolidated in the short term, and more attention needs to be paid to market news guidance

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