According to the data of the business club’s block list, as of July 7, the average price of acrylic acid in East China was 11800 yuan / ton, up 4.12% compared with the price at the beginning of the month, 15.69% compared with the price on June 7, and 14.19% over the same period in three months.

Acrylic acid market rose in June, with a monthly increase of 10.78%. In July, the acrylic acid market continued to rise. In recent years, some enterprises have been overhauling, the spot supply is tight, the downstream purchases on demand, the market trading rhythm is active, and the price rises steadily.

As for upstream propylene, according to the data of the business club’s block list, as of July 6, the reference price of propylene was 7818.55, down 0.17% compared with July 1 (7832.18). Market supply and demand are relatively stable, and prices are mainly stable.

Acrylic acid analysts from business news agency believe that at present, the upstream propylene price is mainly stable with limited cost impact, and the market supply and demand continue to be in tight balance. It is expected that in the short term, the acrylic acid market will be mainly strong, and more attention should be paid to market information guidance.