According to the data of the business club’s block list, as of May 24, the average price of acrylic acid in East China was 10200 yuan / ton, down 5.85% compared with last Friday, up 0.66% compared with April 24, and down 2.55% year on year in a three-month cycle.

Recently, the market of acrylic acid was weak, and the market price of acrylic acid decreased on May 24. At present, the price of raw material propylene has stopped falling and rebounded, the actual cost support is still limited, the market inquiry atmosphere is flat, the transaction is general, and the downstream is mainly purchased on demand.

Upstream propylene, May 24, Shandong propylene market prices rose slightly. According to the price chart of the business association, the propylene price in Shandong continued to rise in the first ten days of April, fell sharply in the last ten days, and remained stable at the end of the month. During May Day, the first two days continued to be stable, with a daily rise of about 50 yuan / ton from the 3rd to the 7th. The price was mainly stable on the 9th, and stabilized again after a small rise on the 13th. On the 17th, the price began to decline at 50 yuan / ton per day, and on the 19th and 20th, it fell by about 100 yuan / ton respectively. The price of propylene rose from Sunday (23rd) and continued to rise at 50 yuan / ton today, The current market turnover is between 8100 ~ 8300 yuan / ton, and the mainstream price is about 8100 yuan / ton.

Acrylic acid analysts of business news agency believe that at present, the price of raw material propylene has risen slightly, the cost support has been strengthened, and the demand side’s gas buying performance is general. It is expected that the acrylic acid market may be stable in the short term, and more attention should be paid to the rise and fall of raw materials.