This week, the acrylic acid market has remained stable with some gains. According to the Commodity Market Analysis System of Shengyi Society, as of July 12th, the average price of acrylic acid in East China was 6575.00 yuan/ton, an increase of 0.38% compared to Monday’s price.

Cost aspect:

According to the Commodity Market Analysis System of Shengyi Society, since July, the price of raw material propylene has fluctuated and stabilized, showing an upward trend in the past week, which has strengthened support for the acrylic acid market.

Supply and demand side:

Recently, some devices have been undergoing maintenance, leading to a decline in industry capacity utilization and a decrease in market supply, which has supported some companies to raise prices. Downstream inquiries and procurement are mainly being followed up on urgent needs, and distributors are shipping according to market conditions. The focus of negotiations in the acrylic acid market is stable with some growth.

Market forecast:

The acrylic acid analyst from Shengyi Society believes that short-term costs and supply support may continue, and demand performance may be average. The market is mainly driven by rigid demand for transactions, and it is expected that the acrylic acid market will remain stable in the short term, with a wait-and-see approach. More attention should be paid to market news guidance.