1、 Acrylic acid price trend
| PVA 2088 (PVA BP20) |
(Figure: P value curve of acrylic acid products)
2、 Market analysis
Acrylic acid market is weak and stable this week. As of November 6, the average quotation price of acrylic acid in East China was 9566.67 yuan / ton, which was flat compared with the previous trading day, down 0.69% compared with the beginning of the week, and 1.03% lower than that of October 6, according to the data of the bulk list of business agencies.
At the beginning of the week, the downstream purchasing mentality was low, the inquiry and transaction were limited, the market atmosphere was general, and the price center was low. With the price of raw material propylene rising and the market atmosphere improving, the price of acrylic acid stopped falling and stabilized.
Upstream propylene, on November 6, the market price of propylene in Shandong remained stable. According to the price chart of business agency, propylene price remained stable in the first half of October and plummeted by more than 10% in the second half. Since November 1, the price has been adjusted back. Since November, the price has risen by 200-250 yuan / ton. Today, the price has finally begun to stabilize. The market transaction is between 6750 yuan / ton and 7250 yuan / ton, and the mainstream price is about 6900 yuan / ton. At present, the shipment situation of the manufacturer is relatively ideal.
| PVA 0588 ( PVA BP05) |
According to the price monitoring of the business agency, on November 5, 2020, there were 15 kinds of commodities in the chemical industry sector that rose on a month on month basis in the list of commodity prices up and down on November 5, 2020. The top three commodities were 1,4-butanediol (3.32%), styrene (3.13%) and crude benzene (2.35%). There were 8 kinds of commodities with a decrease of more than 5%, accounting for 1.1% of the total number of commodities monitored in this sector; the top three products were DMF (- 7.41%), propylene oxide (- 4.05%), propylene glycol (- 2.50%). The average rise and fall was 0.05%.
3、 Future forecast
Acrylic acid analysts of the business community believe that the price of raw material propylene has stabilized after the recent recovery, the cost support has been strengthened, and the superimposed inquiry and transaction volume have slightly improved. It is expected that the acrylic acid market will be stable in the short term, and more attention should be paid to the market information guidance.
| POLYVINYL ALCOHOL |