Market Overview 

Last week, the acrylic acid market showed a supply-demand game, and the overall operation remained stable. On the supply side, some manufacturers have adjusted their production plans to cope with changes in market demand; On the demand side, downstream users also exhibited a certain degree of flexibility in their procurement strategies.

As of April 22nd, the benchmark price of acrylic acid in SunSirs was 7,566.67 RMB/ton, unchanged from the beginning of this month. Compared to last week, the fluctuation was relatively small. Price fluctuations were mainly influenced by factors such as supply and demand, raw material prices, and market competition.

Market mentality: On the supplier side, some manufacturers were optimistic about the future market due to low inventory pressure; However, some manufacturers were cautious about the future market due to insufficient market demand. In terms of downstream users, procurement strategies exhibited a certain degree of flexibility due to factors such as procurement costs and market competition.

Supply side:

Last week, the prices of the main raw materials for acrylic acid have remained relatively stable with minimal fluctuations. As of April 22, the benchmark price of propylene in SunSirs was 6,728.25 RMB/ton, a decrease of 0.26% compared to the beginning of this month (6,745.75 RMB/ton). The impact on the production cost of acrylic acid was limited.

Demand side

Downstream demand: The overall downstream demand for acrylic acid remained stable last week, with some areas such as coatings and SAP industries showing certain growth potential. The paint industry has seen an increase in procurement volume due to the rebound of real estate completion; The SAP industry has experienced a decline in order volume due to the off-season demand for diapers.

Export situation: The export volume of acrylic acid remained stable last week, and some producers were expanding overseas markets to digest domestic overcapacity. In terms of export prices, affected by international market competition, the export price of acrylic acid has slightly decreased last week, but it still remained at a reasonable level.

Market outlook

Looking ahead, the acrylic acid market will still face challenges from the supply-demand game. On the supply side, manufacturers need to continue optimizing production plans, reducing costs, and improving product quality; On the demand side, downstream users need to actively explore the market and increase product added value. Therefore, market participants need to closely monitor market dynamics and policy changes in order to develop more scientific and reasonable market strategies.

In summary, the acrylic acid market has maintained stable operation last week under the game of supply and demand. The future market will still face many challenges and uncertainties, requiring market participants to respond flexibly.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.