1、 Acrylic price trend:

(Figure: P value curve of acrylic acid product)

2、 Market analysis:

Product: according to the monitoring data of business agency, the market of acrylic acid is stable temporarily in the near future. As of May 9, the average price of acrylic acid enterprises was 7400 yuan / ton, which was the same as that of May 6 and 5.53% lower than that of April 29. In the near future, the price of raw propylene has continued to rise, the cost support has been strengthened, some units have been overhauled, the spot supply has been reduced, the downstream operation rate has increased, the downstream enterprises just need to purchase, and the market trading atmosphere is fair. On September 9, the main quotation of acrylic acid in China was around 6900-7800 yuan / ton.

On May 8, the acrylic commodity index was 37.11, unchanged from yesterday, down 62.89% from the cycle’s highest point of 100.00 (2011-09-01), and up 51.04% from the lowest point of 24.57 on November 26, 2015. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: on May 8, the market price of propylene in Shandong continued to rise slightly. Last month, the price of propylene in Shandong Province rose sharply and fell sharply, and then it held steady again, and the market was stable. During the May 1st period, the price of propylene slightly increased by about 50 yuan / ton. On the 6th day, the price rose by 100 yuan / ton again. On the 7th and 8th day, the price rose by 50 yuan / ton continuously. On the 8th day, the market turnover was between 6150-6300 yuan / ton, and the mainstream price was about 6150 yuan / ton.

Industry: according to the price monitoring of the business agency, there are 24 kinds of commodities in the rise and fall list of bulk commodity prices on May 8, 2020, among which there is one kind of commodity with an increase rate of more than 5%, accounting for 1.1% of the number of commodities monitored in the plate; the top three commodities are crude benzene (14.59%), phenol (4.93%) and aniline (4.35%). There are 12 kinds of commodities falling on a month on month basis, and the top three products are styrene (- 1.22%), adipic acid (- 1.21%) and light soda ash (- 1.21%). The average price of this day is 0.57%.

3、 Future forecast:

According to the acrylic analyst of business club, in the near future, the price of raw material propylene has been rising continuously, the cost support has been rising, the supply has been reduced, and the market transaction is active. It is expected that the acrylic market will be stable and positive in the short term, and more attention should be paid to the change of raw material price and the transaction situation in the mainstream market.