1、 Acrylic price trend:
The average price of acrylic acid enterprises as of March 13 was 7266.67 yuan / ton, which was the same as that at the beginning of the week, with a three-month cycle, down 10.29% year-on-year, according to the data in the business club’s bulk list. On the 13th, the mainstream price of acrylic acid Market in China was around 6800-7600 yuan / ton.
| Sulfamic acid 99.50% |
2、 Market analysis:
Product: acrylic acid market is stable this week. The industry started at a low level, downstream demand continued to pick up, market trading was orderly, and the mainstream price of acrylic acid market remained stable. At present, the price of acrylic acid of Shandong Yukang Chemical Co., Ltd. is 7600 yuan / ton for puic acid, 8100 yuan / ton for refined acid; the price of acrylic acid of Jinan aochen Chemical Co., Ltd. is 6800 yuan / ton for puic acid, 8500 yuan / ton for refined acid; the price of acrylic acid of Jinan jinrihe Chemical Co., Ltd. is 6700 yuan / ton for puic acid, 7500 yuan / ton for refined acid; the specific transaction price is actually discussed; the price of acrylic acid of Wanhua chemical and Petrochemical Co., Ltd. is stable , mainly for contract and stable customers. At present, the price of acrylic acid is 7000 yuan / ton.
Industrial chain: the market price of upstream propylene in Shandong region has recently dropped. As of March 12, the market turnover was 6400-6650 yuan / ton, and the mainstream price was 6400-6450 yuan / ton. Influenced by the OPEC meeting in the past few days, the international crude oil fell sharply in a row. Influenced by the economic stimulus plan and the US manufacturers’ spending cuts, the US crude oil jumped another 8% on the 10th. On the 11th, the international crude oil fell slightly. Due to the low production and inventory of propylene plants, the market supply is not rich, so the previous propylene market fell less. It is expected that the propylene price will fluctuate slightly in the later period, and the future will be affected by the crude oil It has a great impact.
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Industry: according to the price monitoring of the business agency, there are two kinds of commodities in the rise and fall list of bulk commodity prices on March 12, 2020, among which there is one kind of commodity with an increase rate of more than 5%, accounting for 1.1% of the number of commodities monitored in the plate; the top two commodities are liquid ammonia (6.10%) and phenylethylene (0.53%). There are 18 kinds of commodities decreased on a month on month basis, and 1 kind of commodities decreased by more than 5%, accounting for 1.1% of the number of commodities monitored in this sector; the top three products decreased were crude benzene (- 9.00%), aniline (- 4.56%) and dichloromethane (- 4.00%). The average price of this day was – 0.35%.
3、 Future forecast:
Analysts of acrylic acid in the business community believe that the price of raw material propylene has declined in the near future, and the cost is also weakened in the face of acrylic acid support. With the support of supply and demand, it is expected that in the short term, acrylic acid market will be consolidated and wait-and-see operation, and more attention should be paid to raw material prices and transactions in the mainstream market.
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