Price trend

According to the commodity market analysis system of SunSirs, as of the morning of June 9, the average price of acrylic acid in East China was 5,925.00 RMB/ton, down 0.42% from Monday's price.

Analysis review

This week, the acrylic acid market was showing weak performance. Recently, the price of raw material propylene in the market fluctuated narrowly, with average cost support. Some factories on the supply side adjusted their load, he industry's operating rate declined slightly. Downstream users had average enthusiasm for inquiry and procurement, and the demand side was weak. The focus of negotiations in the acrylic acid market was weaker.

Upstream propylene, according to the Commodity Market Analysis System of SunSirs, the reference price for propylene on June 8th was 6,310.75 RMB/ton, a decrease of 2.32% compared to June 1st (6,460.75 RMB/ton).

Market outlook

Acrylic acid analysts from SunSirs believe that as of June 9th, cost support was limited, and downstream procurement was mainly in demand. The market atmosphere was average, and it is expected that the acrylic acid market may operate weakly and stably in the short term. More attention needs to be paid to market news guidance.

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