The acrylic acid market fluctuated downward in this cycle (20240828-20240904). As of September 3, the reference price of acrylic acid was 6725.00, a decrease of 0.37% compared to September 1 (6750.00). The upstream propylene market continues to experience a narrow range of fluctuations, with production companies listing prices fluctuating. Some major acrylic acid manufacturers have raised their offer prices, boosting the bullish sentiment among intermediaries. The focus of actual order negotiations has slightly shifted, and downstream markets urgently need to follow up. The enthusiasm for inquiries has increased, and the short-term market may continue to consolidate and operate.

In terms of cost

The domestic propylene market has experienced a decline in price center, with weak fluctuations in national oil prices and weak cost benefits, which has suppressed the propylene market. As the price of propylene fell to a low level in the later stage, as of September 3, the reference price of propylene was 6928.25, a decrease of 0.57% compared to September 1 (6968.25). The propylene market experienced a slight rebound in prices, but later fluctuations in a certain butanol and octanol unit affected market sentiment, causing propylene prices to gradually fall back.

In terms of demand

The price of butyl acrylate continues to decline, which weakens the support for the adhesive tape mother roll market. Due to weak support from dual raw materials within the month, coupled with no favorable driving force from the demand side, the ex factory price of tape mother rolls fell slightly by 100 yuan, and actual transactions also saw a slight decline. At present, there are many urgent small order inquiries downstream, and the overall trading atmosphere is relatively weak. Overall, there is currently no peak season atmosphere in the market, and the price of adhesive tape mother rolls has slightly decreased.

Overall

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 enterprises will increase and the recovery of terminal demand will be slow. The subsequent rise of acrylic acid and esters may be difficult to maintain, and the domestic acrylic acid market will experience narrow fluctuations next week.