This week, the domestic acrylic acid market prices fluctuated downward. As of August 21st, the benchmark price of acrylic acid in Shengyi Society was 6775.00 yuan/ton, a decrease of 0.18% compared to the beginning of this month (6787.00 yuan/ton). The market price of raw material propylene has been raised. The main downstream butyl acrylate market is experiencing a downward trend, with a stagnant atmosphere and limited cost support.

In terms of cost

The price of propylene in the East China region is stable and rising, while production enterprises in the Zhejiang region can release an increase in propylene supply. Some mainstream enterprises are offering lower prices to stimulate shipments. As of August 21st, the benchmark price of propylene in Shengyi Society was 6818.25 yuan/ton, an increase of 0.56% compared to last week (6850.00 yuan/ton).

In terms of demand

Butyl acrylate is weakly oscillating. The raw material n-butanol has softened narrowly, and the butyl acrylate factory has made market quotations accordingly. Downstream users have entered the market and purchased according to their needs, and the market is operating within the negotiation range. The cost support is limited, and holders mainly ship according to the market. The overall price of butyl acrylate shows a trend of first falling and then rising, with an average price of 8650-8800 yuan/ton in the East China market.

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.