Price trend

According to the monitoring data of SunSirs, as of November 29, the average price of acrylic acid in East China was 7,366.67 RMB/ton, down 10.16% from November 1.

Analysis review

Acrylic acid market declined in November. In the first half of the month, the price of propylene as raw material increased mainly, the cost support was strengthened, and some units were overhauled. However, downstream procurement was just based demand, and the market atmosphere was weak. The market was stable after a fall. In the second half of the month, the price of raw propylene fluctuated, and the cost still had certain support. The plant load had been adjusted slightly, the operating rate declined compared with the previous period, and the market supply had shrunk, but the downstream operating load was also not high, the purchasing mentality was cautious, the market atmosphere was flat, and the price fell first and then stabilized.

Upstream propylene, according to the monitoring data of SunSirs, the domestic propylene (Shandong) market performed commonly in November, rising first and then operating in a narrow range. On November 28, the reference price of propylene was 7,436.60 RMB/ton, an increase of 5.68% compared with that of November 1 (7,036.60 RMB/ton).

Market outlook

According to the acrylic analysts of SunSirs, the current cost has some support. Some enterprises' devices are under maintenance, and the downstream purchases just in needed. The market turnover is light and stable. It is expected that the acrylic acid market will be mainly stable in the short term, and more attention should be paid to the changes in raw material prices.

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