Supply reduction and acrylic acid price rise

1、 Acrylic acid price trend


(Figure: p-value curve of acrylic acid products)


2、 Market analysis


According to the data of the business club’s block list, as of March 4, the average price of acrylic acid in East China was 11700 yuan / ton, up 1.15% compared with the previous trading day, up 3.85% compared with the price at the beginning of the month, up 23.16% compared with February 4, and up 63.26% compared with the same period last year.


At present, the price of raw material propylene is declining, but the cost support still exists, and the spot supply in the market is shrinking. Under the dual support of cost and supply, the quotation of enterprises is rising, and the price center is steadily moving up. The downstream is cautious about high prices, and mainly purchases on demand, with a strong wait-and-see atmosphere.


Upstream propylene, as of March 3, Shandong propylene market price individual decline. According to the price chart of the business club, affected by the upstream and downstream, the propylene price rose again and again in the second half of February, which was at a high level for many years. It began to stabilize at the end of the month. Today, the price went down individually. The current market transaction is between 8450-8700 yuan / ton, and the mainstream price is about 8500 yuan / ton. The impact of propylene in the United States and Japan has been reduced, and the production capacity has recovered slightly.


3、 Future forecast


Acrylic acid analysts of business news agency believe that at present, the price of raw material propylene is weak and downstream operation is cautious, but the supply of acrylic acid market is tight, which has certain support for the price. It is expected that in the short term, the acrylic acid market may be strong, and more attention should be paid to market information guidance.