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Home > Acrylic acid News > News Detail
Acrylic acid News
SunSirs: The downstream mentality is cautious, and the acrylic acid market on April 27 is stable and has fallen.
April 29 2020 07:31:40SunSirs(Molly)

1. The price trend of acrylic acid:

2. Market analysis:

Products: According to SunSirs monitoring data, the average price of acrylic companies as of April 27 was 7833.33 yuan / ton, a decrease of 1.67% compared with yesterday, and an increase of 21.76% compared with April 1. The production rate of acrylic acid and ester producers is low, the downstream mentality is cautious, and the procurement just needs to be maintained. On April 27, the acrylic acid market is mainly to maintain stability, and some companies have slightly lowered their quotations. On the 27th, the mainstream quotation of the domestic acrylic acid market was around 7300 ~ 8400 yuan / ton.

The acrylic commodity index on April 27 was 39.28, a decrease of 0.33 points from yesterday, a decrease of 60.72% from the highest point in the cycle of 100.00 points (2011-09-01), and an increase of 59.87 from the lowest point of 24.57 on November 26, 2015 %. (Note: Period refers to 2011-09-01 to present)

Industrial chain: On April 27, the propylene market price in Shandong continued to be stable. Last month, the price of propylene in Shandong fluctuated and fell, and it fell sharply again at the end of the month, with a monthly decline of more than 15%. On the 1st, the price continued to fall by 100 ~ 200 yuan / ton, and on the 2nd, there was still a downside of about 50 yuan / ton. On the 3rd, the prices of some companies rose by 50 ~ 100 yuan / ton. After the Qingming period, the price of propylene rose steadily. The daily increase was about 100 yuan / ton, and the increase on the 10th was 200-300 yuan / ton. On Saturday 11th, there was a general increase of more than 1,000 yuan / ton. On Sunday 12th, it continued to skyrocket by 1,000-5,000 yuan / ton. After the two-week holiday skyrocketing on Monday, the market may need to be digested. On the 13th, the price remained largely unchanged. On the 14th, most companies' prices dropped significantly by 1,000 yuan / ton. Some of the skyrocketing companies may return to the pre-inflation prices. On the 15th, the prices fell by 500 ~ 1000. Yuan / ton, the price continued to fall by about 200 yuan / ton on the 16th, and the price still fell by about 400 yuan / ton on the 17th. It fell again on Saturday 18th, and remained stable on Sunday 19th. There was an increase of about 50 yuan / ton, the price stabilized on the 21st, the price continued to decline slightly on the 22nd, and the price stabilized on the 25th, and there was a slight shock. The current market transaction is still between 5770 ~ 5850 yuan / ton, and the mainstream price is 5800 yuan / ton.

Industry: According to SunSirs price monitoring, a total of 16 commodities in the chemical sector rose on April 27, 2020 in the commodity price list, of which 3 commodities rose more than 5%, accounting for 3.4 of the monitored commodities in this sector %; The top three commodities of increase were butadiene (9.55%), sulfuric acid (8.55%), and acetone (7.36%). There were a total of 23 commodities that fell sequentially, and a total of more than 5% of commodities fell, accounting for 1.1% of the number of commodities monitored in this sector; the top three products for the decline were hydrobenzene (-6.44%) and aniline (-3.77) %), Caustic soda (-3.45%). The average daily increase or decrease was 0.01%.

3. Future market forecast:

SunSirs acrylic acid analysts believe that the recent price of raw material propylene has generally stabilized, acrylic acid cost support is limited, and the downstream demand is mainly for procurement. It is expected that in the short term, the acrylic acid market may be mainly consolidated. The market trend should pay more attention to the upstream and downstream news.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

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