1、 Acrylic acid price trend
(Figure: p-value curve of acrylic acid products)
2、 Market analysis
In April, the acrylic acid market went down. According to the data of the business club’s block list, as of April 8, the average price of acrylic acid in East China was 9900 yuan / ton, down 4.19% compared with the previous trading day, down 5.11% compared with the price at the beginning of the month, and down 16.57% compared with the price on March 8.
Recently, the acrylic acid market has been in a weak position, some enterprises have lowered their quotations, the downstream follow-up is insufficient, and the lower rigid demand is the main reason, so the overall transaction atmosphere of the market is weak.
According to the data monitoring of the business association, the recent acrylic acid prices of some enterprises (for reference only, the actual transaction prices of different brands, different specifications and products are mainly negotiated)
Upstream propylene, as of April 7, Shandong propylene market prices rose slightly. According to the price chart of the business association, the price of propylene decreased sharply in the second half of March and rose at the end of the month. At the beginning of April, the market price rose slowly, with an average daily increase of about 50 yuan / ton. On the 6th, most of the propylene prices remained stable, but some of them showed a trend of make-up. Today, the price rose again by 50 yuan / ton. Now, the market transaction is between 8150 and 8400 yuan / ton, and the mainstream price is about 8150 yuan / ton.
3、 Future forecast
Acrylic acid analysts of business news agency believe that the recent price rise of raw material propylene has slightly enhanced the cost support, but the downstream just need to follow up is insufficient, and the wait-and-see atmosphere is strong. It is expected that in the short term, the acrylic acid market may be dominated by weak points, and more attention should be paid to market information guidance.
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