According to the commodity market analysis system of the business community, as of July 11, the average price of acrylic acid in East China was 6325.00 yuan/ton, up 5.20% from July 1.

The acrylic acid market has been steadily rising since July. Recently, the market price of raw material propylene has slightly decreased, and the cost support has weakened. With the support of some equipment maintenance and supply constraints, acrylic acid companies have steadily increased their quotations, and downstream inquiries have increased their enthusiasm. However, the purchasing mentality is still cautious, and the main focus is on following up in an appropriate amount.

Upstream propylene, according to the Commodity Market Analysis System of Business Society, the domestic propylene (Shandong) market has recently slightly declined. On July 10th, the reference price for propylene was 6370.75, a decrease of 2.26% compared to July 1st (6518.25).

Acrylic acid analysts from Business Society believe that the current factory equipment load is not high, and there is some support for supply in the market. Market transactions are mainly in demand, and there is a strong wait-and-see atmosphere. It is expected that the acrylic acid market will be gently sorted and operated in the short term, and more market news guidance is needed.