At present, the acrylic acid market is showing a pattern of interval operation and overall stability. As of November 11th, the benchmark price of acrylic acid in Shengyi Society was 6200.00 yuan/ton, a decrease of 4.62% compared to the beginning of this month (6500.00 yuan/ton), and the overall market atmosphere remained stable. Traders follow the market and make offers accordingly, leading to differentiation in downstream purchasing behavior. However, the activity of inquiries and transactions in some regions has increased compared to the previous period.
Cost side:
The price of upstream raw material propylene continues to rise. As of November 11th, the benchmark price of propylene in Shengyi Society was 5958.25 yuan/ton, a decrease of 1.65% compared to the beginning of this month (6058.25 yuan/ton). This directly raises the production cost of acrylic acid, building a solid bottom for market prices and becoming the most critical factor in preventing market decline at present.
Supply side:
The positive changes in the supply side are the main driving force for market stabilization and even brewing rebound. Last weekend, a facility in Yantai entered maintenance as planned, reducing the spot supply in the region. A mainstream acid factory in Shandong has suspended the sale of spot goods to the outside world, which significantly enhances the market’s expectation of supply tightening and directly strengthens the producer’s confidence in raising prices. Although there are plans to resume production in Ningbo and Huizhou this week, the overall operating rate of the industry is expected to remain at around 70%, and the supply pressure is controllable.
Demand side:
The demand side presents an uneven trend of “cold and warm”: the northern region is affected by low temperature weather, and some downstream construction industries are restricted, resulting in weak demand. With signs of stabilization and even rebound in the market, it has stimulated some downstream enterprises’ “bottom fishing” procurement demand.
Overall, it is expected that the domestic acrylic acid market will enter a stage of “consolidation and operation, easy to rise but difficult to fall” in the short term. Strong cost support and the willingness of the supply side to actively raise prices will form a game with regional demand differences. Under high cost pressures, manufacturers have limited room for price reductions. The overall market will focus on stability, but in regions such as North China, driven by favorable supply side conditions, there is a possibility of a slight upward trend.
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