Downstream replenish according to demand , acrylic acid market continues to rise

The price of acrylic acid this week was on October 14th, and the benchmark price of acrylic acid in Shengyi Society was 7183.33 yuan/ton, an increase of 7.21% compared to the beginning of this month (6700.00 yuan/ton). Based on the prices of the past year, its current price of 7183.33 yuan/ton is at the median level, with room for further increase.
1、 Market performance
The most striking feature of the current market is the sharp contrast in price trends between acrylic acid and its main raw material, propylene. However, the price of acrylic acid ignored the weakness of costs and emerged from an independent upward trend. This’ deviation ‘clearly tells us that the core driving force of the current market is not from costs, but from its own supply and demand pattern.
Supply side:
The price of raw material propylene not only continues to decline, but also approaches the lowest level in a year. As of October 14th, the benchmark price of propylene in Shengyi Society was 6375.75 yuan/ton, a decrease of 2.56% compared to the beginning of this month (6543.25 yuan/ton). This clearly indicates that from a cost perspective, the support for acrylic acid is significantly weakening, and even forming a drag. If analyzed solely from a cost perspective, acrylic acid should bear downward pressure.
Demand side:
Order locking, tight stock: The factory is busy delivering early orders, which means that current production and shipment have been locked in contracts. This directly leads to a shortage of spot resources available for free circulation in the market. When supply is “locked” by pre demand, even if costs decrease, sellers lack the pressure and willingness to lower prices and ship.
The proactive strategy of the factory: In this situation, the primary task of the factory is to ensure profits and stabilize prices, rather than following the price reduction of raw materials. They successfully maintained market sentiment in a strong range by controlling the pace of shipments and maintaining a positive pricing posture, thus achieving price increases against the backdrop of cost collapse.
In summary, the current acrylic acid market is in a critical stage of a game between “weakened cost support” and “tight supply and demand pattern”, with the latter temporarily gaining the upper hand.