Price trend

According to the monitoring data of SunSirs, the acrylic acid market this week was temporarily stable. As of February 21, the average price of acrylic acid enterprises was 7,066.67 RMB/ton, which was flat compared with the beginning of the week. In the three-month cycle, it fell 4.93%. On February 21, the mainstream price of domestic acrylic acid market was around 7,000 ~ 7,100 RMB/ton.

Analysis review   

Product:

The acrylic acid market is running smoothly this week. At present, the starting load of the factory is still low, and the resumption of downstream work is continuing, and the market demand is gradually recovering. As of February 21, the price of acrylic acid of Shandong Yukang Chemical Co., Ltd. has been temporarily stable, with 7,600 RMB/ton of common acid and 8,100 RMB/ton of refined acid. The specific transaction price is discussed in a single way. Jinan aochen Chemical Co., Ltd. has 7,500 RMB/ton of common acid and 8,500 RMB/ton of refined acid. The specific transaction price is discussed in a single way. The price of acrylic acid of Wanhua chemical and Petrochemical Co., Ltd. has remained stable, mainly for contracts and stable customers. At present, acrylic acid price is 7,000 RMB/ton.

Industrial chain: 

This week, the domestic propylene (Shandong) market price rose sharply, up 8.45%. The current market turnover is around 6,600 ~ 6,800 RMB/ton, and the mainstream price is around 6,600 RMB/ton. At present, there are still a lot of equipment out of production and maintenance in the upstream, and it is difficult to recover the supply in the short term. The propylene output is small, but the terminal manufacturers have begun to resume work and the logistics and transportation have also resumed. Promote procurement, so it is expected that the market price of propylene may continue to rise in the near future.

Industrial:

According to the price monitoring of SunSirs, in the week 07 of 2020 (2.17-2.21), the commodity price rise and fall of the commodity sector in the chemical sector increased by 26 types, among which there were 4 types of products that increased by more than 5%, accounting for the monitored products in this sector. The top three commodities were crude benzene (8.74%), propylene (8.45%), and ethanol (6.16%). There were a total of 19 types of goods that were down from the previous month. The top three products were hydrogen peroxide (-4.78%), acetic acid (-4.24%), and TDI (-4.05%). This week the average increase or decrease was 0.1%.

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