1、 Acrylic acid price trend

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

2、 Market analysis

On January 20, the acrylic acid market was stable. According to the data of the business club’s block list, as of January 20, the average quotation price of acrylic acid in East China was 9433.33 yuan / ton, which was flat compared with the previous trading day, and decreased by 4.07% compared with December 20, 2020. At present, there is no obvious change in the quotation of acrylic acid enterprises, mainly for stable price delivery, strong wait-and-see mood in the downstream, and general purchasing enthusiasm.

Upstream propylene, on January 20, Shandong propylene market price was mainly stable. According to the price chart of the business society, the propylene price declined all the way at the end of December, and began to rise on New Year’s day. It rose by about 100 yuan / ton on the 4th. Later, it was stable or rose, and the overall price rose in a ladder shape. Today, the price rose again. This month, it has risen by about 250-300 yuan / ton, but it has not moved today. The market transaction is between 7450-7650 yuan / ton, and the mainstream price is about 7450 yuan / ton. Now the factory has no pressure on inventory, and the delivery is smooth.

According to the price monitoring of the business community, in the list of commodity prices on January 19, 2021, there were 26 kinds of commodities in the chemical industry sector, among which 4 kinds of commodities increased by more than 5%, accounting for 4.3% of the total number of commodities monitored in the sector; the top 3 kinds of commodities increased were isopropanol (17.52%), acetone (12.71%) and paraformaldehyde (7.74%). There were 13 kinds of commodities with a month on month decrease, and 1 kind of commodities with a decrease of more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; the top three products with a decrease were chloroform (- 6.25%), sulfuric acid (- 3.94%), propane (- 3.37%). The average daily rise and fall was 0.57%.

3、 Future forecast

Acrylic acid analysts of business news agency believe that the recent rise of raw material propylene price, strengthened cost support, downstream on-demand procurement, and average market inquiry and transaction performance. It is expected that in the short term, acrylic acid market will be mainly stable, and more attention should be paid to market information guidance.