According to the data of the business club’s block list, as of July 20, the average price of acrylic acid in East China was 12533.33 yuan / ton, up 5.04% compared with July 11 and 17.13% compared with June 20.
Acrylic acid market rose steadily in early July, up 5%. In the middle of the year, acrylic acid market continued to rise, and the market continued to rise slightly on the 20th. The industry’s inventory is low, the spot supply in the market is tight, the focus of market negotiation is steadily rising, and the downstream is mainly purchasing on demand, and the market atmosphere is acceptable.
Upstream propylene, according to the bulk list data of business society, as of July 19, the reference price of propylene was 7673.09, up 0.36% compared with the previous trading day. The downstream procurement enthusiasm was ok, and the market rose slightly.
Acrylic acid analysts of business news agency believe that at present, the upstream propylene price is relatively strong, and the cost support is strengthened. The downstream rigid demand procurement is mainly supported by the tight supply. It is expected that the acrylic acid market will be strong in the short term, and more attention should be paid to the market information guidance.
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