1、 Acrylic acid price trend

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

2、 Market analysis

According to the data of the business club’s block list, as of January 27, the average quotation price of acrylic acid in East China was 9466.67 yuan / ton, which was flat compared with the previous trading day, flat compared with last Thursday (January 21), and down 3.73% compared with December 27, 2020.

Recently, the acrylic acid market has been running smoothly. At present, the price of raw material propylene is down, the cost support is weakened, the spot supply is tight, the downstream construction is stable, the acrylic acid just needs to be purchased, and the enterprise offers are stable.

Upstream propylene, January 26, Shandong propylene market prices straight down. According to the price chart of the business society, the propylene price fell all the way at the end of December. It began to rise on New Year’s day, and increased by about 100 yuan / ton on the 4th. Later, it was stable or rose, and generally rose in a ladder shape. This month, it has risen by about 250-300 yuan / ton. On the 21st, it began to decline continuously, and today it is down again by 100-150 yuan / ton. The market transaction is between 7000-7450 yuan / ton, and the mainstream price is 7000-7100 yuan / ton. Now the factory stock pressure slightly big, the shipment situation is general.

According to the price monitoring of business community, on January 26, 2021, there were 18 kinds of commodities in the list of commodity price rise and fall in the chemical industry sector, including 1 commodity with a rise of more than 5%, accounting for 1.1% of the number of commodities monitored in the sector; the top 3 commodities with a rise were sulfuric acid (8.20%), hydrochloric acid (4.00%) and acetone (3.35%). There were 14 kinds of commodities that declined on a month on month basis, and the top three products were chloroform (- 4.41%), polyaluminum chloride (- 3.17%) and epichlorohydrin (- 3.07%). The average daily rise or fall was 0.06%.

3、 Future forecast

Acrylic acid analysts from business news agency believe that at present, the trend of raw material propylene is declining, the support from the cost side is insufficient, the supply side is supported, and the downstream is purchased on demand. It is expected that the acrylic acid market will be stable in the short term, and more attention should be paid to the market information guidance.