Price trend

According to the commodity market analysis system of SunSirs, as of July 11, the average price of acrylic acid in East China was 6,325.00 RMB/ton, up 5.20% from July 1.

Analysis review

The acrylic acid market has been steadily rising since July. Recently, the market price of raw material propylene has slightly decreased, and the cost support has weakened. With the support of some equipment maintenance and supply constraints, acrylic acid companies have steadily increased their quotations, and downstream inquiries have increased their enthusiasm. However, the purchasing mentality was still cautious, and the following up was mainly in an appropriate amount on demand.

Upstream propylene, according to the Commodity Market Analysis System of SunSirs, the domestic propylene (Shandong) market has recently slightly declined. On July 10th, the reference price for propylene was 6,370.75 RMB/ton, a decrease of 2.26% compared to July 1st (6,518.25 RMB/ton).

Market outlook

Acrylic acid analysts from SunSirs believe that as of July 11, the factory equipment load was not high, and there was some support from supply for the market. Market transactions were mainly in demand, and there was a strong wait-and-see atmosphere. It is expected that the acrylic acid market will be gently sorted out in the short term, and more market news guidance is needed.

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