Price trend

According to the monitoring data of SunSirs, as of the noon of November 25, the average price of acrylic acid in East China was 7,366.67 RMB/ton, which was flat compared with the price on Monday and 10.16% lower than the price at the beginning of the month.

Analysis review

This week, the acrylic acid market was mainly stable. From the perspective of cost, the price of propylene as raw material was stable recently, with some support from the perspective of cost. From the perspective of supply and demand: for the overhaul of some production enterprises, the operating rate of acrylic acid market had declined slightly compared with the early stage, and the market supply had shrunk, but the downstream operating load was also not high. The market was cautious, and the focus of acrylic acid market negotiation was mainly stable.

Upstream propylene, according to the data monitoring of SunSirs, the reference price of propylene was 7,306.60 RMB/ton on November 24, up 3.84% compared with that on November 1 (7,036.60 RMB/ton).

Market outlook

According to the acrylic analysts of SunSirs, the current cost support still exists, and the factory load remains at a low level, but the demand side is weak and stable. It is expected that the acrylic market will be sorted out in the short term, and more attention should be paid to the market news guidance.

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