Price trend

According to the commodity market analysis system of SunSirs, as of July 21, the average price of acrylic acid in East China was 6,250.00 RMB/ton, down 0.40% from Monday.

Analysis review

This week, the acrylic acid market remained stable with some declines. Recently, the raw material propylene market experienced a first decline and then a slight increase, with insufficient cost support. The industry's operating rate had slightly increased compared to the previous period, and there was still support from supply for the market. In the off-season of demand, downstream procurement enthusiasm was average, and holders were mainly active in shipping.

Upstream propylene, according to the Commodity Market Analysis System of SunSirs, the reference price for propylene on July 20th was 6,470.75 RMB/ton, a decrease of 0.73% compared to July 1st (6,518.25 RMB/ton).

Market outlook

Acrylic acid analysts from SunSirs believe that as of July 21, the cost support was average, the industry's capacity utilization rate was still not high, and the demand performance was average. Procurement was mainly based on demand, and it is expected that the acrylic acid market will mainly fluctuate in a narrow range in the short term, and more market news guidance is needed.

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