Price trend
According to data from SunSirs’bulk list, as of June 16, the average price of acrylic acid in East China was 10,400 RMB/ton, which was an increase of 0.65% compared with the previous trading day, an increase of 1.96% compared with the pre-holiday (11th) price, and a 4% drop compared with the price on May 16. In the first ten days of June, the acrylic acid market was operating quietly. After the Dragon Boat Festival holiday, the acrylic acid market has recovered and the price has risen steadily.
Analysis review
Upstream propylene, as of June 16, the reference price of propylene was 7,927.64 RMB/ton, which was flat compared with the previous trading day, and increased by 0.11% compared with the pre-holiday price (June 11). Compared with June 1 (7714.91), it increased by 2.76%. At present, the overall trading atmosphere in the market is mainly stable.
Market outlook
According to the acrylic acid analysts of SunSirs, there is a certain degree of support from the current cost side, downstream procurement enthusiasm has increased, and market transactions have rebounded. It is expected that in the short term, the acrylic acid market may stabilize and improve, and more attention needs to be paid to market news guidance.
