1、 Acrylic acid price trend
(Figure: curve of P value of acrylic product)
2、 Market analysis
According to the data of the business club’s block list, as of March 23, the average quotation price of acrylic acid in East China was 11966.67 yuan / ton, which was flat compared with the previous trading day, decreased by 0.28% compared with last Tuesday (March 16), and increased by 21.69% year-on-year in a three-month cycle. At present, the trend of raw material propylene is weak, and the market is in a wait-and-see mood. In the shutdown and maintenance of some enterprises, the market supply and demand are relatively balanced, and the downstream market has a general starting load, mainly purchasing on demand.
Upstream propylene, as of March 22, Shandong propylene market prices continued to decline. According to the price chart of the business society, affected by the upstream and downstream, the propylene price rose again and again in the second half of February, which was at a high level for many years. It was generally stable at the end of the month and the beginning of the month. The price began to decline on the 4th, and generally rebounded on the 8th. The price rose 150-250 yuan / ton in two days, and then generally stabilized. The price rose about 50 yuan / ton again on the 12th, and continued to rise 50 yuan / ton on the 15th, starting from the 16th Since the 18th, the price has entered the downward channel again, with a daily drop of 100-150 yuan / ton. The current market transaction has dropped to 7950-8700 yuan / ton, and the mainstream price is 7950-8000 yuan / ton.
3、 Future forecast
Acrylic acid analysts of business news agency believe that at present, the supply side has some support, but the demand side is cautious in entering the market, and the demand side purchases on demand. In addition, the price of raw material propylene declines, and the cost side support weakens. It is expected that the acrylic acid Market will be weak in the short term, and more attention should be paid to market news guidance.
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