Market mentality warms up
Recently, the domestic acrylic acid market has shown a moderate upward trend. As of July 7th, the benchmark price of acrylic acid in Shengyi Society was 7233.33 yuan/ton, an increase of 0.93% compared to the beginning of this month (7166.67 yuan/ton). It is worth noting that although the price of raw material propylene has fallen today, the prices of downstream butyl ester and isooctyl ester products have continued to rise. At present, the market presents the following characteristics: downstream procurement is still dominated by rigid demand, but the overall trading atmosphere in the market has significantly rebounded compared to the previous period; Combined with the fact that some production enterprises’ equipment is still under maintenance this week, the market supply remains tight. Under the dual effects of improved supply and demand patterns and cost support, the acrylic acid market as a whole is showing a stable and positive operating trend.
Monitoring data shows that the price of acrylic acid has recently increased by 0.93%, mainly due to the combined effect of the following market variables.
Cost end
Recently, the international crude oil and polypropylene futures markets have continued to weaken, leading to a synchronous decline in propylene spot prices in Shandong region. As of July 7th, the benchmark price of propylene in Shengyi Society was 6700.75 yuan/ton, a decrease of 0.3% compared to the beginning of this month (6720.75 yuan/ton). From the perspective of market supply and demand, although the industry’s operating rate remains relatively stable, different manufacturers have differentiated their price adjustment strategies: some companies choose to raise prices and wait, while others actively lower their quotes, resulting in a significant decrease in overall trading activity. It is worth noting that the concessions on the raw material side have eased the production cost pressure on downstream enterprises, especially the profit level of the acrylic acid industry has significantly improved.
Need End
Currently, the acrylic ester market is showing an upward trend, with prices of butyl acrylate and isooctyl ester showing particularly strong performance. Affected by the low inventory of acrylic acid at the raw material end and the rise in alcohol prices, ester enterprises are facing increased cost pressure. Some manufacturers have voluntarily raised their prices, driving market transaction prices to steadily rise. This market change has provided positive feedback to the acrylic acid market, further consolidating its price support.
Overview of Market Trends
The peak season effect is evident, with strong support for the acrylic acid market. Driven by the rebound in seasonal demand, the trading atmosphere in the domestic acrylic acid market has significantly improved. On the supply side, the power rationing factors that previously constrained production have been basically eliminated; The demand side benefits from the opening of export windows, the stimulation of reduced shipping costs, and the release of downstream replenishment demand. The current market is experiencing a strong oscillation trend, supported by both the cost line and demand line.
http://www.sulfamic-acid.com |