Price Trend
According to data from business associations, the acrylic acid market rose slightly this week, with an offer price of 8467.00 yuan/ton at the beginning of the week and 8800 yuan/ton at the end of the week, with a price increase of 333 yuan/ton, or 3.94%.
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II. Market Analysis
Product: Acrylic acid market price is rising this week, the terminal demand is obvious, and the supply is selling well. At present, the mainstream price in the primary market of Pu-acid is between 8600 and 8800 yuan/ton, and there is limited room for negotiation. As of Friday, the price of acrylic acid at Wanzhou Petrochemical Company was stable. The price of acrylic acid in Wanhua Chemical Petrochemical Company is stable at 8,300 yuan/ton, and the price of acrylic acid in Qilu Kaitai is stable at the moment, while the price of acrylic acid in Wanhua Chemical Petrochemical Company is stable at the present time, and the price of acrylic acid in Qilu Kaitai is stable at the present time. Pu acid 8800 yuan/ton, specific transaction price, factual.
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Industry chain: Recently, the price of domestic propylene (Shandong) has been declining. Today, the mainstream price of propylene has dropped by another 100 yuan/ton. At present, the mainstream transaction in the market has fallen to about 6800-7000 yuan/ton. Recently, the overhaul of propylene plant, such as Wanhua PDH device officially started parking overhaul on April 1, 2019, is expected to be repaired for about 20 days, and the downstream propylene production plant is running normally. There is no obvious good news in the market, and nearly late April, the industry is not confident about the future market. The downstream buying enthusiasm is not good, and the market is full of wait-and-see sentiment.
3. Future Market Forecast
Acrylic acid analysts believe that the domestic acrylic market has gradually become an upward trend after the Xiangshui incident, with a slight decline in production capacity, demand exceeding expectations at the end of the market, and prices gradually rising. It is expected that the focus of the acrylic acid market will shift in the short term, and transaction prices will continue to explore.
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