This week, the domestic acrylic acid market prices remained stable, with prices in the South China acrylic acid market ranging from 6600-6625 yuan/ton. The market price of raw material propylene has been lowered. The cost support of the acrylic acid market has weakened, and the downstream butyl acrylate market is experiencing a downward trend. The atmosphere in the venue is deadlocked, with limited cost support, downstream users mainly consuming contracts, cautious spot purchases, flexible offers from butyl acrylate suppliers, and weak market negotiation focus. Recently, the trend of raw materials has been declining, and the market for acrylic acid is cool. Under the guidance of multiple market factors, the price of acrylic acid remains stable due to the smooth flow of goods in the yard.

The main reasons for the market price of acrylic acid are as follows:

In terms of cost

International oil prices continue to rise, but there is an expectation of increased supply in the current market, and the impact of low-priced sources is significant, which has limited support for price trends, resulting in weak prices in the propylene market. The mainstream price in East China is between 7100-7150 yuan/ton, and there are still some downstream buyers in Zhejiang who have a strong desire to buy, but they mainly rely on contracts and small contracts for volume trading.

In terms of demand

The main downstream acrylic esters are mainly on the rise, and recently the butyl acrylate market has been declining. The price of butyl acrylate in East China is around 9000-9150 yuan/ton, and the atmosphere in the market is deadlocked, with limited cost support. The center of gravity of n-butanol market prices is declining, with a price of 7650 yuan/ton in the Shandong market. The wait-and-see atmosphere is intensifying, and mainstream factories are actively offering discounts and reducing inventory. Downstream users are cautious in their operations, and low-priced transactions are the main trend in the market. The domestic n-butanol market is operating weakly.

Overall

The domestic acrylic acid market price is temporarily stable, and the cost side propylene price is running weakly, supporting the weak price of the acrylic acid market; The demand side is driven by the support of other raw materials and the tight supply flow, which still provides sufficient support for the current acrylic acid market. Business analysts predict that in the future, the cost pressure on acrylic acid companies will increase and the recovery of terminal demand will be slow, making it difficult to maintain the subsequent rise of acrylic acid and esters.