1、 Acrylic acid price trend

(Figure: p-value curve of acrylic acid products)

2、 Market analysis

Recently, acrylic acid market is weak. According to the data of business club’s block list, as of January 8, the average price of acrylic acid in East China was 9433.33 yuan / ton, down 4.07% compared with January 1 and 0.70% compared with December 8, 2020. At present, the price of raw material propylene has weakened. In addition, the downstream operating rate has declined, the demand has weakened, the downstream purchasing has strong wait-and-see sentiment, the market inquiry and transaction performance are general, and the market is weak.

Upstream propylene, Shandong propylene market had a downward trend on January 8. According to the price chart of the business club, the propylene price declined all the way at the end of December, and began to rise on New Year’s day. On the 4th, the price was increased by about 100 yuan / ton. On the 5th and 6th, the price was mainly stable, with only a few enterprises going up. On the 8th, some prices fell. Now, the market transaction is between 7250 yuan / ton and 7500 yuan / ton, and the mainstream price is still around 7250 yuan / ton. Factory inventory is general, stable delivery.

According to the price monitoring of the business community, in the list of commodity prices on January 7, 2021, there were 18 kinds of commodities in the chemical industry sector that rose month on month, of which one was more than 5%, accounting for 1.1% of the total number of commodities monitored in the sector; the top three commodities were propylene glycol (10.29%), crude benzene (3.80%) and cryolite (3.02%). A total of 14 kinds of commodities declined month on month, with phenol (- 3.21%), DMF (- 2.90%) and n-butanol (industrial grade) (- 2.78%) as the top three products. The average daily rise or fall was 0.12%.

3、 Future forecast

According to acrylic acid analysts of business news agency, at present, the price of raw material propylene is on the decline, the cost support is weakened, the downstream demand procurement is the main, and the market atmosphere is light. It is expected that the acrylic acid market will be weak and stable in the short term, and more attention should be paid to the market information guidance.