1、 Acrylic acid price trend
| PVA 1788 (PVA BP17) |
(Figure: P value curve of acrylic acid products)
2、 Market analysis
The market of acrylic acid is rising recently. As of September 15, the average price of acrylic acid quoted in East China was 8566.67 yuan / ton, up 8.90% compared with last Monday (September 7) and 20.94% higher than August 15, according to the data from the bulk list of business agencies. At present, the price of raw material propylene is rising, the cost support is rising, the downstream industry is entering the peak season, the demand is getting better, the parking device is increasing in the later stage, the spot supply is declining, the atmosphere of pulling up in the field is strong, and the market price of acrylic acid is rising sharply.
On September 15, the acrylic acid commodity index was 42.96, unchanged with yesterday, down 57.04% from the cycle’s highest point of 100.00 (2011-09-01), and increased by 74.85% from the lowest point of 24.57 on November 26, 2015. (Note: period refers to 2011-09-01 to now)
| PVA 1799 (PVA BF17) |
Upstream propylene, on September 15, the market price of propylene in Shandong Province rose steadily. According to the price chart of the business agency, the price of propylene broke through the cyclical fluctuation range at the beginning of last month, and began to fluctuate in a narrow range, and the market fluctuation was small. However, since September 1, the price of propylene has been rising all the way, and the upward range is getting bigger and bigger. To the 4th day, the total price of propylene rose by 300 yuan / ton. From the 7th to the 10th, the first round of reduction was made, with a total reduction of 100-150 yuan / ton. After that, the price was slightly stabilized. From the 13th, the price rose again, up to about 250 yuan / ton. At present, the market transaction is between 7300 and 7450 yuan / ton, and the mainstream price is about 7350 yuan / ton. Propylene manufacturers to ship smoothly, low inventory.
3、 Future forecast
Acrylic acid analysts of the business community believe that the recent high raw material propylene, acrylic cost continued to bear pressure, superimposed on the downstream demand boost, it is expected that in the short term, the acrylic acid market will be mainly strong.
| PVA |