1、 Acrylic acid price trend
(Figure: P value curve of acrylic acid products)
2、 Market analysis
Recently, the market of acrylic acid is in the doldrums. As of October 28, the average price of acrylic acid quoted in East China was 10566.67 yuan / ton, which was flat compared with the previous trading day, down 0.31% compared with last Wednesday (October 21), and increased by 9.31% compared with September 28. At present, the price of raw material propylene is falling, and the cost support for acrylic acid is weakened. In addition, the downstream demand performance is low, and the market trading atmosphere is light, and the acrylic acid market is weak.
Upstream propylene, on October 27, the market price of propylene in Shandong was still downward. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, with some enterprises’ prices rising and falling slightly this week. On Friday, only a few enterprises’ prices fell slightly. Most enterprises continued to hold steady, but fell about 200 yuan / ton from 17 to 19, a small range from 20 to 23, and an obvious downward trend appeared again at the weekend (October 24 and 25), and 200 yuan / ton on the 26th Today, the market continues to decline by about 100 yuan / ton. The current market turnover is between 6950 yuan / ton and 7400 yuan / ton, and the mainstream price is about 7000 yuan / ton. Delivery pressure increased.
According to the price monitoring of business agency, on October 27, 2020, there were 16 kinds of commodities in the list of commodity price rise and fall, including 1 commodity with an increase of more than 5%, accounting for 1.1% of the total number of commodities monitored in this plate; the top three commodities of increase were silicone DMC (5.03%), formic acid (3.13%), nitric acid (2.11%). There were 11 kinds of commodities that declined on a month on month basis, with phenol (- 2.56%), TDI (- 1.94%) and propylene oxide (- 1.81%). The average rise or fall was 0.12%.
| sulphamic acid |
3、 Future forecast
Acrylic acid analysts from the business community believe that at present, the raw material prices are going down, the downstream receiving intention is low, and the cost and demand are lack of support. It is expected that in the short term, the acrylic acid market will be dominated by weak consolidation and operation, and more attention should be paid to market news guidance.