Price trend
According to data from SunSirs’bulk list, as of July 7, the average price of acrylic acid in East China was 11,800 RMB/ton, an increase of 4.12% compared with the price at the beginning of the month, an increase of 15.69% compared with the price on June 7, and an increase of 14.19% y in a three-month cycle.
Analysis review
The acrylic acid market rose in June, with a monthly increase of 10.78%. Entering July, the acrylic acid market continued its upward trend. Recently, some companies have been overhauled, the spot supply is tight, the downstream is purchasing on demand, the market trading rhythm is active, and the price is rising steadily.
Upstream propylene, according to data from SunSirs’bulk list, as of July 6, the reference price of propylene was 7,818.55 RMB/ton, which was a decrease of 0.17% compared with July 1 (7,832.18 RMB/ton). Market supply and demand are relatively stable, and prices are mainly stable.
Market outlook
According to the acrylic acid analysts of SunSirs, the current upstream propylene price is mainly stable, the cost impact is limited, and the market supply and demand continue to be tightly balanced. It is expected that in the short term, the acrylic acid market may be dominated by a firm operation, and more attention needs to be paid to market news guidance.
