Price trend

This week, the domestic acrylic acid market prices fluctuated downward. As of August 21st, the benchmark price of acrylic acid in SunSirs was 6,775.00 RMB/ton, a decrease of 0.18% compared to the beginning of this month (6,787.00 RMB/ton). The market price of raw material propylene had been raised. The main downstream butyl acrylate market was experiencing a downward trend, with a stagnant atmosphere and limited cost support.

Analysis review

In terms of cost

The price of propylene in the East China region was stable and rising, while production enterprises in the Zhejiang region can release an increase in propylene supply. Some mainstream enterprises were offering lower prices to stimulate shipments. As of August 21st, the benchmark price of propylene in SunSirs was 6,818.25 RMB/ton, an increase of 0.56% compared to last week (6,850.00 RMB/ton).

Demand side

Butyl acrylate was weakly oscillating. The raw material n-butanol had softened narrowly, and the butyl acrylate factory had made market quotations accordingly. Downstream users entered the market and purchased according to their needs, and the market was operating within the negotiation range. The cost support was limited, and holders mainly shipped according to the market. The overall price of butyl acrylate showed a trend of first falling and then rising, with an average price of 8,650-8,800 RMB/ton in the East China market.

Market outlook

The domestic acrylic acid market price was temporarily stable, and the cost side propylene price was running weakly, supporting the weak price of the acrylic acid market; The demand side was driven by the support of other raw materials and the tight supply flow, which still provided sufficient support for the current acrylic acid market. SunSirs’ analysts predict that in the future, the cost pressure on acrylic acid companies will increase and the recovery of terminal demand will be slow, making it difficult to maintain the subsequent rise of acrylic acid.

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