The acrylic acid market is generally stable this week. According to the Commodity Market Analysis System of Business Society, as of April 19th, the average quoted price of acrylic acid in East China was 6825.00 yuan/ton, which is basically unchanged compared to Monday’s price.

Cost side:

According to the commodity market analysis system of Shengyishe, the reference price for propylene on April 18th was 6914.60, an increase of 0.96% compared to April 1st (6848.60). Recently, the propylene raw material market has been operating strongly, and costs have increased in the face of support from the acrylic acid market.

Supply and demand side:

Recently, the overall operating rate of the industry has improved compared to the previous period, but there is still support from the supply side. Most production enterprises have reported stable market trends, while dealers mainly follow the market and ship according to market conditions. Downstream buyers have chosen to follow suit with a moderate amount of low demand. The market mentality is cautious, and the transaction atmosphere is average.

Future Market Forecast:

The acrylic acid analyst from Business Society believes that in the short term, cost and supply side support may continue, but the wait-and-see sentiment of end users is obvious, and downstream demand is average. Be cautious when buying on dips in the market, and it is expected that the acrylic acid market may remain stagnant in the short term. More attention should be paid to downstream pre holiday stocking demand.