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The Acrylic Market Was Temporarily Stabilized on November 13

2019-11-15 09:38:34 SunSirs

Price trend

According to the data monitoring of SunSirs, the average price of acrylic acid as of November 13 was 6,900 RMB/ton, which was the same as that on the 12th. The market was temporarily stable, down 10.39% from October 13. On the 13th, the domestic mainstream price of acrylic acid was 6800~7000 RMB/ton.

Analysis review

Product: Acrylic acid market ran smoothly on November 13. The supply side of acrylic acid market is acceptable, the downstream construction load has not improved, the consumption of demand side is general, the manufacturer's operation enthusiasm is not high, and the delivery and investment side is light. As of November 13, the price of acrylic acid of Shandong Yukang Chemical Co., Ltd. has been temporarily stable, with 8200 RMB/ton of puic acid and 8850 RMB/ton of refined acid. The specific transaction price is determined by the actual order. Jinan aochen Chemical Co., Ltd. has 7500 RMB/ton of puic acid and 9400 RMB/ton of refined acid. The specific transaction price is determined by the actual order. The price of acrylic acid of Wanhua Chemical Co., Ltd. has remained stable, mainly for contracts and stable customers. At present, the price of acrylic acid is 7000 RMB/ton.

Industry chain: Recently, the market price of the upstream propylene in Shandong region has risen. At present, the market transaction price is around 7320~7550 RMB/ton, and the mainstream price is 7350 RMB/ton. The current propylene stocks are low, the supply is more tight, the downstream purchasing sentiment is better, and the crude oil and PP market are still ideal, and some prices are still rising. The operation rate of downstream acrylic acid manufacturers is low, and the purchase is just needed. The atmosphere of waiting and watching is strong.

Market outlook

According to the acrylic analysts of SunSirs, the price of raw material propylene has increased recently, supporting the cost of acrylic acid. The downstream demand is light, and the market is just in demand. The industry participates cautiously. It is expected that the acrylic acid market will maintain stable operation in the short term.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

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