I. Acrylic acid price trend:
According to the data of business associations, the average price of acrylic acid as of July 23 was 7483.33 yuan/ton. The market of acrylic acid was mainly stable, and the quotation of acrylic acid in some areas was slightly reduced. At present, the mainstream quotation of acrylic acid in China is about 7450-7500 yuan/ton, which is 1.54% lower than last Tuesday (July 16).
| Sulfamic acid |
II. Market analysis:
Product: Acrylic acid market price slightly lower. The overall downstream start-up load is low, and the market is cautious and wait-and-see mood is strong. At present, the price of acrylic acid in Shandong Yukang Chemical Co., Ltd. is temporarily stable. The price of acrylic acid in Shandong Yukang Chemical Co., Ltd. is 7450 yuan/ton of propionic acid and 8450 yuan/ton of refined acid. The specific transaction price is realistic. The price of acrylic acid in Wanhua Chemical and Petrochemical Co., Ltd. remains stable, with the main supply contract and stable customers. At present, the price of acrylic acid is 7500 yuan/ton
Industry chain: The market price of upstream propylene in Shandong continues to rise slightly. The price of propylene enterprises in Shandong Province rose in early July, experiencing two rounds of increase of about 600 yuan/ton. Since the 13th day, the price has gone down, totaling about 650 yuan/ton by the 19th day. After the two-day weekend stabilization, it began to rise on Monday, rising again by about 50 yuan/ton on the 23rd. At present, the market turnover is around 7700-7800 yuan/ton, and the mainstream price is about 7700 yuan/ton.
| sulphamic acid |
Industry: According to the price monitoring of business associations, on July 23, 2019, there were 14 kinds of commodities rising annually in the chemical industry sector. The top three commodities were acetic acid (4.76%), polymerized MDI (2.83%) and acetone (2.54%). There are 12 kinds of products with a decline of more than 5%, accounting for 1.2% of the monitored products in this sector. The products with the first three declines are hydrochloric acid (-26.92%), trichloromethane (-3.45%) and DOP (-2.88%). The 23-day average rise and fall was -0.24%.
3. Future market forecast:
According to business associations, the short-term domestic acrylic acid market may be dominated by stable operation.