I. Acrylic acid price trend:
The average acrylic acid price as of July 10 was 7600.00 yuan/ton, which was flat with the price on July 9, and the market was temporarily stable, down 4.20% compared with June 10, according to the data from the business associations’list.
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II. Market analysis:
Product: Acrylic acid market is stable for the time being. The price of raw materials market is high, the cost is low, the profit is high, the pressure of factories is high, and the atmosphere of market pushing is strong. At present, the price of acrylic acid in Shandong Yukang Chemical Co., Ltd. is stable. Propionic acid 7800 yuan / ton, refined acid 8600 yuan / ton, the specific transaction price, the facts.
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Industry chain: Upstream propylene prices in Shandong continued to rise slightly as of the 10th. Recently, the price of propylene enterprises in Shandong Province began to rise on July 2, and rose by 400 yuan/ton on July 5. After a few days of stabilization, the price rose by 50-100 yuan/ton on September 9 and 50 yuan/ton on October 10. At present, the mainstream transaction in the market is about 8050-8250 yuan/ton, and the mainstream price is as high as 8150 yuan/ton.
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3. Future market forecast:
According to business associations, the short-term domestic acrylic acid market may be dominated by stable operation.