1、 Acrylic price trend:

(Figure: P value curve of acrylic acid product)

2、 Market analysis:

According to the monitoring data of the business agency, the acrylic acid Market on May and 26th was mainly stable. The price of raw propylene has declined, but the cost pressure still exists. Some major producers stop for maintenance and purchase on demand in the downstream. The operation enthusiasm is average, and the market is mainly stable. As of the 26th, the average price of acrylic acid enterprises was 8533.33 yuan / ton, which was flat compared with yesterday and increased by 15.32% compared with May 6.

As of May 25, the market price of the upstream propylene in Shandong region has declined. Last month, the price of propylene in Shandong Province rose sharply and fell sharply, and then it held steady again, and the market was stable. During the May 1st period, the price of propylene slightly increased by about 50 yuan / ton. On the 6th day, the price increased by 100 yuan / ton again. On the 7th, 8th and 9th day, the price increased by 50 yuan / ton continuously. On the 10th day, some enterprises continued to increase by 50 yuan / ton. On the 11th day, the price increased by 50 yuan / ton again. On the 12th day, it increased by 100-200 yuan / ton obviously. On the 13th day, it continued to increase by 100-200 yuan / ton. On the 14th day, it increased by 50-100 yuan / ton again. On the 15th day, it still increased by 50-100 yuan / ton on weekends The upward trend remained unchanged until the 22nd day. The daily upward trend was 50-100 yuan / ton, and finally began to stabilize on the 22nd day. The weekend price dropped slightly. On the 25th, the price of propylene fell again by 50-150 yuan / ton. The market turnover was between 6780-7000 yuan / ton, and the mainstream price was between 6800-6850 yuan / ton.

According to the price monitoring of business agency, on May 25, 2020, there are 13 kinds of commodities in the list of rise and fall of bulk commodity prices in the chemical industry sector, including 1 kind of commodity with an increase of more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; the top three commodities are ethylene (7.25%), epoxy ethane (4.48%) and chloroform (2.17%). There are 18 kinds of commodities falling on a month on month basis, and 1 kind of commodities falling by more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; the top three products falling were R22 (- 6.45%), R134a (- 4.69%), and hydrogen peroxide (- 3.32%). The average price of this day was – 0.09%.

3、 Future forecast:

Analysts of acrylic acid of the business club believe that in the short term, the market of acrylic acid is expected to be mainly stable, and more attention should be paid to the change of raw material price and the transaction situation in the mainstream market.