Price trend

According to the Commodity Market Analysis System of SunSirs, the acrylic acid market rose first and then fell in the first half of 2023, with an overall weaker trend. On January 1, 2023, the average price of acrylic acid in East China was 6,800.00 RMB/ton. As of June 30, the average price of acrylic acid was 6,012.50 RMB/ton, and the market fell 11.58% in half a year. The lowest point of the price within six months was 5,825.00 RMB/ton on June 15th, and the highest point of the price within six months was 8,200.00 RMB/ton on February 13th, with a maximum amplitude of 40.77%.

The trend of acrylic acid market in the first half of 2023 is mainly divided into two stages:

Rising stage (January-February): The production enterprise's device load was not high, and downstream inquiries were active

In early to mid January, the downstream stock was orderly prepared, and the acrylic acid market was mainly in demand. The focus of negotiations did not fluctuate much. After the Spring Festival, users returned to the market one after another, and the market atmosphere was active. Low price sources were difficult to find, and enterprise quotations rose. In the first half of February, there was some support on the cost side, and the production enterprise's device load was not high. Downstream production gradually returned, and demand gradually increased. Market inquiries were positive, and the focus of acrylic acid negotiations steadily increased. As prices rose, downstream procurement mentality was cautious, and terminal demand followed slowly. The price of acrylic acid was loosened on the sidelines.

Falling stage (March-June): Cost support was general, demand was weak, and market transactions were mainly in demand

In March, the price of raw material propylene fluctuated and fell, and cost support weakened. Supply side enterprises maintained a centralized maintenance, but the purchasing mentality on the demand side was cautious, and the intention to receive goods at the terminal was average. Market transactions were just in needed, and enterprises reduced prices to ship. In April, there was some support form the cost side, the operating rates of supply side had increased, downstream enterprise operating loads were low, some bargain-hunting just needed to buy, and the market trading atmosphere was average, while the acrylic acid market slightly declined. In May, the raw material propylene market fell, with insufficient cost support and an increase in supply side production. However, the demand side follow-up was limited, with inquiries and procurement mainly focused on demand. The market trading atmosphere was light, and the dual drag of cost and demand led to a decline in acrylic acid market prices. In June, the price of raw material propylene first fell and then rose, and acrylic acid followed the trend of raw materials under the influence of cost. The industry's operating rate declined, and demand side inquiries and procurement continued to be in high demand. The market trading atmosphere was still acceptable.

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