Price trend

This week, the acrylic acid market remained stable with some gains. According to the Commodity Market Analysis System of SunSirs, as of December 8th, the average quoted price of acrylic acid in East China was 6,200.00 RMB/ton, an increase of 0.81% compared to Monday's price.

Factors affecting the price of acrylic acid:

Cost side: According to the commodity market analysis system of SunSirs, on December 7th, the reference price of propylene was 7,018.25 RMB/ton, a decrease of 1.23% compared to December 1st (7,105.75 RMB/ton), indicating weak demand. Recently, the main trend in the raw material propylene market had been a slight decline, and there was still pressure on the cost side of the acrylic acid market.

Supply and demand side: Recently, the operating rate of the acrylic acid industry had slightly increased, and the supply side still had support for the market. The rise in the downstream butyl acrylate market had boosted the acrylic acid market to a certain extent. Some enterprises had raised prices, and the downstream butyl acrylate production capacity utilization rate had slightly increased. The SAP resin and water treatment production capacity utilization rate was mainly stable, and the enthusiasm for acrylic acid inquiries and procurement was average, mainly following up on demand.

Market outlook

According to the acrylic acid analyst from SunSirs, as of December 8th, the cost support for acrylic acid was average, while supply side support was still present. However, during the off-season of demand, inquiries and purchases were mainly in demand, and market transactions were average. It is expected that the acrylic acid market will undergo consolidation and game in the short term, and more attention will still be paid to market news guidance.

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