Price trend

According to the Commodity Market Analysis System of SunSirs, as of December 27th, the average quoted price of acrylic acid in East China was 6,175.00 RMB/ton, an increase of 0.41% compared to December 1st.

Analysis review

The acrylic acid market fluctuated and rose narrowly in December. In early December, the propylene raw material market experienced a slight decline, but there was still cost pressure in the acrylic acid market. The rise in the downstream butyl acrylate market had boosted the acrylic acid market to a certain extent, and some companies had raised prices. In the off-season of demand, downstream inquiries and procurement enthusiasm were average, and market transactions were mainly in demand. In mid month, there was an increase in market supply, but the demand side was poor. Downstream enterprises mainly consumed inventory, and new market transactions were limited. Some holders offered to sell at a discount. In late December, cost pressure had increased, with some factories shutting down, supporting the mentality of enterprises to raise prices. Downstream was in the traditional off-season of consumption, and inquiries and purchases were mainly in demand. As the end of the month approached, the market was mainly stable, and some enterprises had slightly lowered their prices based on their own situation. The market atmosphere was average.

Cost side: According to the commodity market analysis system of SunSirs on December 26th, the reference price for propylene was 7,010.75 RMB/ton, a decrease of 1.34% compared to December 1st (7,105.75 RMB/ton).

Market outlook

The acrylic acid analyst from SunSirs believes that there was strong cost support and supply side operation without pressure. However, under the constraint of weak demand, it is expected that the acrylic acid market may remain stagnant and operate in the short term, and more attention needs to be paid to market news guidance.

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