SunSirs: Positive News Improved, and the Acrylic Acid Market Had Fluctuated Upwards

https://www.chemnet.com   Sep 12,2024 SunSirs

Price trend

This cycle, the acrylic acid market was on the rise. As of September 11th, the reference price of acrylic acid was 6,775.00, an increase of 0.36% compared to September 1st (6,750.00). The price of acrylic acid had risen. After the downstream entered the replenishment cycle last week, there had been an increase in inquiries and purchases in the market, and the market demand had improved compared to the previous period. In addition, the acrylic acid plant had been shut down for maintenance, resulting in a decrease in on-site supply. Acrylic acid manufacturers intended to push up prices.

Analysis review

In terms of cost

This week, the price of propylene in the market had been adjusted narrowly, with some regional market quotations slightly falling. Downstream demand for replenishment was mainly due to bargain hunting, and the overall trading atmosphere in the market was limited. As of September 11th, the benchmark price of propylene in SunSirs was 6,845.75 RMB/ton, a decrease of 1.76% compared to the beginning of this month (6,968.25 RMB/ton). As of September 11th, it is expected that there will be a narrow adjustment in the price of propylene market in the short term, but it is still necessary to closely monitor the follow-up of downstream demand in the later stage.

In terms of demand

The price of butyl acrylate had decreased. This week, the butyl acrylate market had slightly declined, and the trading atmosphere in the market was quiet. Downstream manufacturers had a heavy wait-and-see attitude, and transactions were mainly dominated by first-time contract holders. The focus of butyl acrylate quotations was gradually shifting downwards, and the upstream cost support was also limited. In the short term, it is expected that the butyl acrylate market will continue to remain weak, and it is recommended to purchase according to demand.

Market outlook

In summary, the domestic market for acrylic acid and butyl acrylate showed a volatile trend in August due to multiple factors. At the beginning of September, the upstream and downstream may still maintain a game state, and against the backdrop of weak overall demand, narrow fluctuations in market prices may become the norm.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

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