Price trend

According to the data monitoring of SunSirs, as of November 18, the average price of acrylic acid was 7,200 RMB/ton, up 4.35% compared with last Friday (November 15). On November 18th, the domestic mainstream price of acrylic acid was 7,000~7400 RMB/ton.

Analysis review        

Product: On November 18, the acrylic market rose. The supply side of the acrylic acid market has narrowed, the enthusiasm for downstream enquiries has increased, and the price of acrylic acid has risen. On November 18, Wanhua Chemical Petrochemical's acrylic acid price rose, mainly for contract and stable customers. At present, the price of acrylic acid is 7,200 RMB/ton.

Industrial chain: The market price of upstream propylene in Shandong continued to drop slightly on November 18. At present, the market turnover is still around 7200-7550 RMB/ton, and the mainstream price is 7250 RMB/ton. At present, the propylene inventory is still low, and the supply of goods in Northeast China has decreased. However, some downstream enterprises have stopped for maintenance, and the demand has also decreased. The crude oil and PP market are still ideal. It is expected that the propylene market price will start to maintain stability in the near future. The downstream price of isooctyl acrylate rose on November 18, which is good for acrylic acid.

Market outlook

Analysts of acrylic acid of SunSirs believe that the price of upstream propylene fell slightly, with limited impact on acrylic acid. The rise of acrylic acid is driven by the narrowing of spot supply and the improvement of downstream inquiry. The potential negative in the future is that the volume of transactions in acrylic acid market is general, and the downstream procurement is mainly based on rigid demand. It is expected that in the short term, the acrylic acid market will mainly digest the increase.

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