Price trend

This week, the acrylic acid market was mainly stable, and the market atmosphere was weak. According to the Commodity Market Analysis System of SunSirs, as of May 17th, the average quoted price of acrylic acid in East China was 6,925.00 RMB/ton, which was basically unchanged compared to Monday's price.

Analysis review

In terms of cost

According to the commodity market analysis system of SunSirs, the reference price for propylene on May 16th was 6,774.60 RMB/ton, a decrease of 0.38% compared to May 1st (6,800.60 RMB/ton). Recently, the price of raw material propylene had fallen, and the cost support in the acrylic acid market had weakened.

Supply and demand side:

In the Shandong market, there had been device shutdowns for maintenance in recent stages, but the market had sufficient supply of goods, and enterprises were actively shipping, with some discounts to promote transactions. In the East China market, there was a shortage of supply, and production enterprises tended to offer stable market views. Demand side: The utilization rate of downstream butyl acrylate production capacity had declined, and the overall performance of the demand side was average. The downstream had a cautious attitude towards buying at high prices and tended to choose low prices for on-demand procurement, which created a certain negative impact on the market.

Market outlook

According to the acrylic acid analyst at SunSirs, short-term cost support may be limited, while demand may dominate the market. Downstream players should follow suit at a lower price, and many businesses will adopt a wait-and-see attitude. It is expected that the acrylic acid market will continue to operate weakly and steadily in the short term, and more attention should be paid to market news guidance.

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