Acrylic acid market price falls in June

1、 Acrylic acid price trend


(Figure: P value curve of acrylic acid products)


2、 Market analysis



Acrylic acid market fell in June. According to the data of the business club’s bulk list, as of June 29, the average price of acrylic acid quoted in East China was 7700 yuan / ton, which was 10.47% lower than that on June 1 (8600 yuan / ton), and increased by 6.94% on a three-month cycle.


At the beginning of June, the average quotation price of acrylic acid in East China was 8600 yuan / ton. The shutdown of some plants increased, the supply of local market was limited, and the overall demand of downstream was good. The price of raw material propylene was firm, and the price of acrylic acid increased steadily. On the 4th, the price rose to 8666.67 yuan / T, and then began to stabilize. During this period, the price of raw propylene declined, but the plant operating rate was low, and propylene On the 15th, the average price of acrylic acid in East China was lowered to 8233.33 yuan / ton, the price of raw material propylene rose slightly, some maintenance units recovered slowly, the overall operating rate of downstream was slightly increased, the overall supply and demand were balanced, and the price of acrylic acid was stable. On the 18th, the price of raw propylene continued to rise, but the downstream demand was relatively light, so the demand was on demand The average price of acrylic acid in East China fell to 8166.67 yuan / ton on the 19th, and stabilized on the 22nd. The average price of acrylic acid in East China fell to 7733.33 yuan / ton. The downstream participation was not high, and the trading volume was light. On the 23rd and 24th, the stock preparation was basically completed before the festival, and the atmosphere was slightly clear On the 29th, the market price was slightly reduced to 7700 yuan / ton, with sufficient spot supply and downstream purchasing on demand.


PVA 2699

Statistics of weekly operating rate change of acrylic acid enterprises:


On June 29, the market price of upstream propylene in Shandong continued to rise. According to the price of business agency, Shandong propylene market increased by about 250 yuan / ton in a week at the beginning of June, and there was an obvious correction in the price in the middle of June, with a cumulative decrease of 350 yuan / ton in the seven days of the second week. From June 14 in the middle of the month, the price stopped falling again and rose again. Last Friday, June 19, the price had risen 350-450 yuan / ton. The price remained stable at the weekend, with a total drop of about 250 yuan / ton from the 22nd to 26th. After the Dragon Boat Festival holiday, the price rose again from the 27th. Today, it still rose by 50 yuan / ton. The market transaction is between 6750 and 7000 yuan / ton, and the mainstream price is about 6800 yuan / ton. Propylene manufacturers are now under low inventory pressure, some units are out of service, crude oil prices have risen slightly, and the downstream market operating rate is ideal. It is expected that the propylene price will still rise slightly in the near future, which is good support for acrylic acid.


3、 Future forecast


Acrylic acid analysts from the business community believe that the current price of raw material propylene continues to rise to support costs, the market spot supply is sufficient, and downstream procurement is on demand. It is expected that in the short term, the acrylic acid market will be mainly stable, and more attention should be paid to the change of raw material price and the transaction situation in the mainstream market.