According to the bulk list data of business society, as of August 4, the average quotation price of acrylic acid in East China was 15066.67 yuan / ton, up 32.94% compared with July 1, 4.39% compared with July 31 and 112.71% compared with the same period last year.
In July, the acrylic acid market rose steadily, with a monthly increase of 27.35%. In July, the acrylic acid market was tight and the price rose, the export inquiry increased significantly, the export orders of mainstream enterprises were delivered in an orderly manner, the industry inventory was low, and some enterprises shut down for maintenance, the market supply was tight, the just need support was obvious, and the market was driven by a strong atmosphere. Affected by the typhoon at the end of the month, the supply of factories in some areas was limited, the market supply and demand was tight and balanced, and the price focus gradually rose. In August, some factories were overhauled one after another, the overall market supply was tight, the transaction atmosphere was acceptable, and the price continued to rise.
Upstream propylene, according to the bulk list data of business society, as of August 3, the reference price of propylene was 7845.82, up 0.27% compared with August 1 (7824.91). The market trading was stable and the price was mainly stable.
According to the acrylic acid analysts of business society, generally speaking, at present, the stable price of raw material propylene is the main factor, and the cost impact is limited. The continuous tight spot supply is still the main factor supporting the market. It is expected that the acrylic acid market may operate strongly in the short term, and more attention should be paid to the guidance of market news
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