Price trend

According to the monitoring data of SunSirs, as of August 21, the average quotation price of acrylic acid in East China was 8,100.00 RMB/ton, which was flat compared with the price of last Monday (August 15), and fell 22.12% compared with the price on July 21. %, and down 45.52% in a three-month cycle.

Analysis review

Recently (8.15-8.21) the acrylic acid market has been running steadily. Recently, the market price of raw material propylene fell in a narrow range, and the cost support still existed. Some installations were overhauled, the operating rate declined, and downstream inquiries and purchases were mainly just in need. The demand side improved compared with the previous period but recovered slowly. Market discussions were moderate, and the focus of acrylic acid market discussions was stability.

Upstream propylene, according to the data monitoring of SunSirs, this week (8.15-8.19) the domestic propylene (Shandong) market price fell within a narrow range. The average price of propylene in the Shandong market at the beginning of the week was 7,174.60 RMB/ton, and the weekend average price was 7,030.60 RMB/ton, a weekly decrease of 2.01%

Market outlook

The acrylic acid analyst of SunSirs believes that the current cost and supply side have certain support, and the market transaction is mainly just needed, and the cautious wait-and-see attitude is strong. It is expected that the acrylic acid market may be stable and strong in the short term, and more attention should be paid to market news guidelines.

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