Price trend

According to the monitoring data of SunSirs, as of September 9, the average quotation price of acrylic acid in East China was 7,833.33 RMB/ton, an increase of 1.73% compared with the price on Monday, a decrease of 2.89% compared with the price on August 9, and down 46.35% in a three-month cycle.

Analysis review

Recently, the market price of raw material propylene rose, the cost support was improved, some enterprises on the supply side were overhauled, the market operating rate declined, and the supply decreased. On the demand side, the stocking of downstream and downstream was orderly before the festival, and the focus of the acrylic acid market was moderately rising.

Upstream propylene, according to the data monitoring of SunSirs, this week (9.5-9.9) the domestic propylene (Shandong) market price stopped falling and rose. The average price of the Shandong market at the beginning of the week was 7,080 RMB/ton, and the weekend average price was 7,320 RMB/ton, a weekly increase of 3.39%. Compared with the 30 days ago, it increased by 1.1%.

Market outlook

The acrylic acid analyst of SunSirs believes that the current cost support is strong, and the short-term supply support still exists. In addition, the downstream operating rate of "Golden September" is expected to increase. It is expected that the acrylic acid market may run strongly in the short term, and more attention should be paid to the supply-side news guidelines.

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