1、 Acrylic acid price trend
(Figure: P value curve of acrylic acid products)
2、 Market analysis
Recently, the acrylic acid market has been running steadily, with a steady rise on December 3. As of December 3, the average price of acrylic acid quoted in East China was 9500 yuan / ton, up 6.34% compared with last Thursday (November 26) and 1.38% lower than that on November 3, according to the data from the bulk list of business agencies.
Recently, the price of raw material propylene is high, and the cost support is strong. It is reported that the spot supply of the market is limited, the enthusiasm of downstream inquiry is general, and the market transaction is on demand. The focus of acrylic acid price negotiation is steadily rising.
Upstream propylene, on December 2, the market price of propylene in Shandong continued to be stable. According to the price chart of business agency, the price of propylene rose continuously in late November, increasing by more than 12%. At the end of the month, the price was stable again, and it is still stable today. The transaction volume in the market is still between 7550 yuan / ton and 7900 yuan / ton, and the mainstream price is between 7650 yuan / ton and 7700 yuan / ton. Now the factory stock is small, the shipment situation is good.
The commodity price index of propylene and acrylic acid on December 2 was 118.75, flat with yesterday, down 45.67% from 218.56 (2020-04-13), and 27.30% higher than the lowest point of 93.28 on November 06, 2012. (Note: period refers to 2012-01-01 to present)
3、 Future forecast
Acrylic acid analysts from the business community believe that the price of raw material propylene is high in the near future, the cost support is strong, and the atmosphere of downstream inquiry and purchase is not so good. It is expected that in the short term, the acrylic acid market will be mainly organized and operated at a high level, and more attention should be paid to market information guidance.
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