Price trend

According to the monitoring data of SunSirs, as of October 11, the average quoted price of acrylic acid in East China was 8,666.67 RMB/ton, up 1.17% from October 8, up 10.64% from September 11, and down 23.53% in a three-month cycle.

Analysis review

Recently (10.8-10.11) the acrylic acid market had risen steadily. After the festival, the market price of raw propylene rose, the cost support was strengthened, and the load of some units was limited. In addition, the downstream buyer was more active, and the focus of acrylic acid market negotiation was steadily rising. The downstream was cautious and wait-and-see after the price increase, and the procurement was mainly based on just needed.

Upstream propylene, according to the data monitoring of SunSirs, the reference price of propylene was 7,780.60 RMB/ton on October 10, up 2.1% compared with that on October 1 (7,620.60 RMB/ton).

Market outlook

Acrylic acid analysts from SunSirs believe that the current raw material propylene market is strong, the cost support is still strong, the demand side procurement is mainly based on just in demand, and the market transaction is moderate. It is expected that the acrylic acid market will operate strongly in the short term, and more attention should be paid to the market news guidance.

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