Price trend

This week, the acrylic acid market remained stable with some gains. According to the Commodity Market Analysis System of SunSirs, as of February 2nd, the average quoted price of acrylic acid in East China was 6,187.50 RMB/ton, an increase of 0.20% compared to Monday (January 29th).

Analysis review

Cost side: According to the commodity market analysis system of SunSirs, the reference price of propylene on February 1st was 6,843.25 RMB/ton, a decrease of 0.36% compared to January 1st (6,868.25 RMB/ton). Recently, the price of raw material propylene had been weaker, and the impact of cost on the acrylic acid market was limited.

Supply and demand side: There was not much inventory pressure on the supply side, which supported the mentality of enterprises to raise prices. Downstream procurement was cautious, mainly followed in appropriate amount on demand. The market had a strong wait-and-see atmosphere, and with the support of the supply and demand side, the focus of negotiations in the acrylic acid market was stable but rising.

Market outlook

According to analysts from SunSirs, as downstream pre holiday stocking gradually approaches its end, the market atmosphere may gradually slow down. It is expected that the acrylic acid market will remain stable in the short term, and more attention still needs to be paid to market news guidance.

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