Price trend

According to the monitoring data of SunSirs, as of August 25, the average quotation price of acrylic acid in East China was 8,100.00 RMB/ton, which was flat compared with the price on Monday, decreased by 19.80% compared with the price on July 25 and fell by 45.02% in a three-months cycle.

Analysis review

This week (8.22-8.25) the acrylic acid market was mainly stable. Recently, the market price of raw material propylene was adjusted within a narrow range, the cost support was limited, and the operating rate declined slightly. The trend of tourism products was sluggish, and the purchase of acrylic acid inquiries was mainly based on rigid demand, the market transactions were orderly, and the focus of acrylic acid market discussions was stability.

Upstream propylene, according to the data monitoring of SunSirs, on August 25, the reference price of propylene was 6,834.60 RMB/ton, a decrease of 6.99% compared with August 1 (7,348.60 RMB/ton).

Market outlook

The acrylic acid analyst of SunSirs believes that the current cost support is average, the supply support is acceptable, and the demand side is slightly weak. The market has a wait-and-see mentality. It is expected that the acrylic acid market may be in a stalemate 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.