According to the bulk list data of the Business Agency, as of March 30, the average quoted price of acrylic acid in East China was 7175.00 yuan/ton, a decrease of 10.87% compared to the price on March 1.
| Sulfamic acid |
The acrylic acid market fell in March. In the first ten days, the price of raw material propylene fell first and then rose, with solid cost support. Supply side enterprises maintained a centralized overhaul, and market supply shrank. However, on the demand side, the purchasing mentality was cautious, and the intention to receive goods at the terminal was moderate. Market transactions were just in demand. The focus of acrylic acid negotiations was mainly on stability, with some enterprises’ prices increasing. In the middle and late stages of the market, the main decline was in the raw material propylene market, with weaker cost support and a slight increase in the operating rate compared to the previous period. However, the load of downstream plants and devices was not high, and the enthusiasm for purchasing raw materials through market inquiry was low. The actual transaction volume in the market was weak, with a strong cautious wait-and-see mentality, and the price center of acrylic acid was sliding.
According to the bulk list data of the business news agency, the reference price of propylene on March 29 was 7096.60, a decrease of 5.66% compared to March 1 (7522.60).
Acrylic acid analysts from the Business Society believe that at present, the price of raw material propylene is rising, cost support is improving, downstream procurement is on demand, and the market atmosphere is general. It is expected that in the short term, the acrylic acid market may be light and wait for consolidation and operation, and more attention needs to be paid to changes in raw material prices.
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