SunSirs: Supply and Demand Gamed, and Acrylic Acid Market Price Was Stable

https://www.chemnet.com   Sep 26,2024 SunSirs

Price trend  

In this cycle, the cost side and demand side played a game, and the overall price of acrylic acid market showed a trend of oscillation and consolidation during the week. The atmosphere of negotiations in various regions was not lively. Although the overall supply and demand pressure was not high, the fundamentals still maintained a weak trend. As of September 25th, the reference price of acrylic acid was 6,775.00 RMB/ton, an increase of 0.37% compared to September 1st (6,750.00 RMB/ton).

Analysis review

In terms of cost

This week, the raw material propylene fluctuated within a narrow range, and enterprise quotations tended to be conservative, with little fluctuation in the cost of acrylic acid. Downstream factories flexibly purchased based on their actual needs, and transactions were relatively smooth for moderately priced goods; However, there was little interest in transactions with low prices, and the activity was slightly insufficient.

The mainstream transaction price of propylene in Shandong region was 6,610 RMB/ton, a decrease of 10 RMB/ton from last week; In the Northeast region, it dropped to 6,255 RMB/ton, a decrease of 10 RMB/ton; The price of propylene in the northwest region dropped by 50 RMB/ton to 6,180 RMB/ton, with a significant decrease; As of September 25th, the reference price of propylene was 6,690.75 RMB/ton, a decrease of 3.98% compared to September 1st (6,968.25 RMB/ton).

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

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