SunSirs: Continuous Game between Upstream and Downstream, Acrylic Acid Market Tends to Operate to Be Stronger

https://www.chemnet.com   Sep 19,2024 SunSirs

Price trend

In the current cycle (20240912-20240919), with good low-end supply transactions in the acrylic acid market, prices continue to rise steadily, and the atmosphere in the market is good. Although the follow-up of new orders has slowed down compared to the previous period, the mentality of manufacturers is strong, and market demand mostly maintains holding a moderate purchase at low prices. As of September 18th, the benchmark price of acrylic acid in SunSirs was 6,775.00 RMB/ton, an increase of 0.37% compared to the beginning of this month (6,750.00 RMB/ton).

Analysis review

In terms of cost

This week, the raw material propylene fluctuated within a narrow range, and the cost of acrylic acid did not fluctuate significantly. With the continuous rise in acrylic acid prices, the industry's profitability continued to rebound. As of September 18th, the reference price of propylene was 6,750.75 RMB/ton, a decrease of 3.12% compared to September 1st (6,968.25 RMB/ton). At present, 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 has decreased. This week, the butyl acrylate market has slightly declined, and the trading atmosphere in the market is quiet. Downstream manufacturers have a heavy wait-and-see attitude, and transactions are mainly dominated by first-time contract holders. The focus of butyl acrylate quotations is gradually shifting downwards, and upstream cost support is also limited. In the short term, it is expected that the butyl acrylate market will remain stable and weak.

Market outlook

In summary, the acrylic acid market is maintaining a stable operation, while the upstream acrylic acid market is fluctuating within a range. The listed prices of production enterprises are fluctuating, and the listed prices of acrylic acid manufacturers are temporarily stable. The trading atmosphere on the market is flat, and the overall production capacity is at a low level with limited fluctuations. The downstream market's enthusiasm for receiving goods needs to be improved, and long-term contracts are mainly executed. The short-term market may continue to consolidate and operate.

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

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