This week, the acrylic acid market remained stable with some gains. According to the Commodity Market Analysis System of Business Society, as of December 8th, the average quoted price of acrylic acid in East China was 6200.00 yuan/ton, an increase of 0.81% compared to Monday’s price.

Factors affecting the price of acrylic acid:

Cost side: According to the commodity market analysis system of Shengyishe, on December 7th, the reference price of propylene was 7018.25, a decrease of 1.23% compared to December 1st (7105.75), indicating weak demand. Recently, the main trend in the raw material propylene market has been a slight decline, and there is still pressure on the cost side of the acrylic acid market.

Supply and demand side: Recently, the operating rate of the acrylic acid industry has slightly increased, and the supply side still has support for the market. The rise in the downstream butyl acrylate market has boosted the acrylic acid market to a certain extent. Some enterprises have raised prices, and the downstream butyl acrylate production capacity utilization rate has slightly increased. The SAP resin and water treatment production capacity utilization rate is mainly stable, and the enthusiasm for acrylic acid inquiries and procurement is average, with a focus on following up on urgent needs.

The acrylic acid analyst from Business Society believes that the current cost support is average, while the supply side support still exists. However, during the off-season of demand, inquiries and purchases are mainly in demand, and market transactions are average. It is expected that the acrylic acid market will undergo consolidation and operation in the short term, and more attention still needs to be paid to market news guidance.