1、 Acrylic acid price trend

(Figure: P value curve of acrylic acid products)

2、 Market analysis

Recently, the market of acrylic acid is weak. As of October 27, the average price of acrylic acid quoted in East China was 10566.67 yuan / ton, down 0.31% compared with last Tuesday (October 20) and increased by 9.31% compared with September 27, according to the data of the bulk list of business agencies. At present, the price of raw material propylene is falling, the cost support is weakened, the enthusiasm of downstream inquiry is not high, the transaction is limited, and the market atmosphere is light.

Upstream propylene, on October 26, the market price of propylene in Shandong continued to decline. According to the price chart of the business agency, since October 1, the price of propylene has remained stable on the whole, with some enterprises’ prices rising and falling slightly this week. On Friday, only a few enterprises’ prices fell slightly. Most enterprises continued to hold steady, but fell about 200 yuan / ton from 17 to 19, a small range from 20 to 23, and an obvious downward trend appeared again at the weekend (October 24 and 25), and 200 yuan / ton on the 26th At present, the market turnover is between 7075 and 7300 yuan / ton, and the mainstream price is about 7100 yuan / ton. Now the pressure of shipment is increasing.

3、 Future forecast

Acrylic acid analysts of the business community believe that at present, the raw material support is weakened, the downstream buying gas is insufficient, and the market transaction is limited. It is expected that the acrylic acid market will be weak in the short term, and more attention should be paid to the market information guidance.