In this cycle (20240912-20240919), the cost side and demand side played a game, and the overall price of acrylic acid market showed a trend of oscillation and consolidation during the week. The atmosphere of negotiations in various regions was not lively. Although the overall supply and demand pressure was not high, the fundamentals still maintained a weak trend. As of September 25th, the reference price of acrylic acid was 6775.00, an increase of 0.37% compared to September 1st (6750.00).

In terms of cost

This week, the raw material propylene fluctuated within a narrow range, and enterprise quotations tended to be conservative, with little fluctuation in the cost of acrylic acid. Downstream factories flexibly purchase based on their actual needs, and transactions are relatively smooth for moderately priced goods; However, there is little interest in transactions with low prices, and the activity is slightly insufficient.

The mainstream transaction price of propylene in Shandong region is 6610 yuan/ton, a decrease of 10 yuan/ton from last week; In the Northeast region, it dropped to 6255 yuan/ton, a decrease of 10 yuan/ton; The price of propylene in the northwest region dropped by 50 yuan/ton to 6180 yuan/ton, with a significant decrease; As of September 25th, the reference price of propylene was 6690.75, a decrease of 3.98% compared to September 1st (6968.25).

In terms of demand

The price of butyl acrylate has decreased. This week, the butyl acrylate market has slightly declined, and the trading atmosphere in the market is quiet. Downstream manufacturers have a heavy wait-and-see attitude, and transactions are mainly dominated by first-time contract holders. The focus of butyl acrylate quotations is gradually shifting downwards, and the upstream cost support is also limited. In the short term, it is expected that the butyl acrylate market will continue to remain weak, and it is recommended to purchase according to demand.

In summary, the acrylic acid market is maintaining a stable operation, while the upstream acrylic acid market is fluctuating within a range. The listed prices of production enterprises are fluctuating, and the listed prices of acrylic acid manufacturers are temporarily stable. The trading atmosphere on the market is flat, and the overall production capacity is at a low level with limited fluctuations. The downstream market’s enthusiasm for receiving goods needs to be improved, and long-term contracts are mainly executed. The short-term market may continue to consolidate and operate.