SunSirs: Downstream Users on Rigid Demand Followed up, and the Acrylic Acid Market Was Fluctuating upwards

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

Price trend

This week, the market price of acrylic acid has shown some volatility. From specific data, the price of acrylic acid has experienced multiple ups and downs this week, but the overall trend was stable with some increases. As of December 11th, the benchmark price of acrylic acid in SunSirs was 6,900.00 RMB/ton, an increase of 0.55% compared to the beginning of this month (6,862.50 RMB/ton). From the above data, it can be seen that the market price of acrylic acid had been fluctuating and rising this week.

Factors affecting price fluctuations

The fluctuation of acrylic acid market prices was influenced by various factors, mainly including the following aspects:

Raw material cost: The production cost of acrylic acid was affected by the price of raw materials, and changes in the price of acrylic acid directly affected the production cost of acrylic acid, which in turn affected the market price. As of December 11th, the benchmark price of propylene in SunSirs was 6,858.25 RMB/ton, an increase of 0.18% compared to the beginning of this month (6845.75 RMB/ton).

Market demand: Acrylic acid was widely used in various fields such as coatings, adhesives, textiles, and papermaking. Changes in market demand will directly affect the market price of acrylic acid. When market demand increases, the price of acrylic acid usually rises; On the contrary, it will decrease.

Industry forecast

Cost and Profit

Cost changes: The market price of raw material propylene was affected by the game of supply and demand, and multiple sets of propylene plants released news, driving the price of propylene to stop falling and rise again. It is expected that the market will continue to consume the news of propylene plant shutdown next week, and demand side enterprises will continue to follow up on demand. The propylene market price is expected to be stronger, which will further push up the cost of acrylic acid.

Profit situation: Due to the price increase of acrylic acid being higher than the cost increase, the gross profit of acrylic acid has increased. As of November 11th, the profit of acrylic acid has risen to the best profit level of this year. There is still an expectation of an increase in the cost of acrylic acid in the short term, and it is expected that the cost of acrylic acid will further rise next week.

Supply and demand relationship

Supply side: The restart of some acrylic acid units in factories next week is expected to increase market supply, but the overall supply growth rate is limited. At the same time, attention should be paid to the export source of newly invested equipment, which will have a certain impact on market supply.

On the demand side: With the decrease in climate temperature, the downstream SAP resin procurement demand is gradually increasing. However, with the traditional off-season approaching in other water reducing agents and other fields, the willingness to purchase has decreased. Overall, the downstream demand is not satisfactory, with a focus on following up on essential needs, but there is a certain expectation of improvement.

In summary, the market price of acrylic acid has been fluctuating and rising this week. Despite being influenced by various factors, the overall trend is stable with an upward trend. The future price changes of acrylic acid market will continue to be influenced by various factors such as raw material costs, market demand, production capacity and supply-demand relationship, as well as policies and regulations.

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

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