This week, the domestic acrylic acid market price remained stable. As of August 14th, the benchmark price of acrylic acid in Shengyi Society was 6787.50 yuan/ton, a decrease of 0.18% compared to last week (6800.00 yuan/ton). The market price of raw material propylene has been lowered. The cost support of the acrylic acid market has weakened,

The main reasons for the market price of acrylic acid are as follows:

In terms of cost

The price of propylene in the East China region is mainly weakly stable, with mainstream prices ranging from 7000-7050 yuan/ton. Downstream factories in Zhejiang region have relatively sufficient propylene supply reserves in August, with limited demand for new orders. As of August 14th, the benchmark price of propylene in Shengyi Society was 6850.75 yuan/ton, a decrease of -3.28% compared to the beginning of this month (7083.25 yuan/ton). There are still some downstream buyers in Zhejiang who have a strong desire to buy, but they mainly rely on contracts and small contracts for volume trading.

In terms of demand

The main downstream market for butyl acrylate is experiencing a downward trend. The atmosphere in the venue is deadlocked, with limited cost support, downstream users mainly consuming contracts, cautious spot purchases, flexible offers from butyl acrylate suppliers, and weak market negotiation focus. The limited increase in orders from the butyl acrylate factory has led to low purchasing enthusiasm, resulting in shipping pressure for acrylic acid production enterprises and a weak trend in market prices. The overall price of butyl acrylate in China showed a trend of first falling and then rising, with an average price of 9146 yuan/ton in the East China market.

Recently, the trend of raw materials has been declining, and the market for acrylic acid is cool. Under the guidance of multiple market factors, the price of acrylic acid remains stable due to the smooth flow of goods in the yard.

Overall

The domestic acrylic acid market price is temporarily stable, and the cost side propylene price is running weakly, supporting the weak price of the acrylic acid market; The demand side is driven by the support of other raw materials and the tight supply flow, which still provides sufficient support for the current acrylic acid market. Business analysts predict that in the future, the cost pressure on acrylic acid companies will increase and the recovery of terminal demand will be slow, making it difficult to maintain the subsequent rise of acrylic acid and esters.