Price trend

The acrylic acid market had been operating weakly recently. According to the Commodity Market Analysis System of SunSirs, as of June 24th, the average quoted price of acrylic acid in East China was 6,800.00 RMB/ton, a decrease of 0.91% compared to last Tuesday (June 18th).

Analysis review

Cost side:

According to the commodity market analysis system of SunSirs, the downward trend in raw material propylene prices in the past week had weakened support for the acrylic acid market.

Supply and demand side:

In recent times, the supply side of the acrylic acid market had shown some support, but the demand side dragged down the market. Downstream buyers mainly chose to buy at low rigid demand, with a cautious attitude towards purchasing high priced raw materials. Some companies were offering discounts to promote transactions, and the focus of negotiations in the acrylic acid market was stable, with a downward trend.

Market outlook

According to the acrylic acid analyst from SunSirs, the downstream demand in the market was following up generally, with small orders being bought on demand. The market trading atmosphere was flat, and holders were actively shipping. It is expected that the acrylic acid market may be weak and wait-and-see in the short term, and more attention should be paid to market news guidance.

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