The domestic acrylic acid market has shown a continuous upward trend in the past half of the month. According to the Commodity Market Analysis System of Business Society, as of April 8th, the average quoted price of acrylic acid in East China was 6700.00 yuan/ton, an increase of 6.99% compared to March 24th (acrylic acid reference price of 6262.50).

 

Melamine

Cause analysis:

 

Supply side:

 

East China region: Main factory equipment maintenance, overall market supply and demand pattern tightening, supporting prices to rise.

 

Shandong region: At the end of March, some facilities resumed operation, but enterprises mainly executed pre orders in the early stage, with tight spot prices and no pressure on the supply side to raise prices.

 

Overall, the price increase of acrylic acid in this stage is mainly supported by favorable factors such as supply side maintenance and tight spot prices.

 

On the demand side:

 

Recently, the downstream inquiry atmosphere has been active, but overall, it continues to be mainly based on demand procurement, with a high intention to replenish at low prices. Follow up on high priced raw materials is still cautious. Among them, the main downstream butyl acrylate reduces the load of the enterprise in a narrow range, and the terminal tape master roll and acrylic lotion factory just need to purchase. In general, the demand at this stage is generally supported by the acrylic market.

 

Cost side:

 

In March, the supply and demand game in the raw material propylene market resulted in a slight decrease in the price center. At the end of March, the price of propylene rebounded after falling to a low point, providing stronger support for the acrylic acid market. Since April, the price of raw material propylene has fluctuated weakly with a narrow range, and the profit level of the acrylic acid market has improved. Overall, the current cost is still supported by the acrylic acid market.

 

Future Market Forecast:

 

In the past half month, the acrylic acid market has shown a strong upward trend due to various factors such as reduced production and cost. In the later stage, there are expectations of individual devices restarting in the South China region, and the regional market supply may increase. However, the current supply side is operating without pressure, and the tight supply pattern on site is profound. Short term supply side support still exists. The utilization rate of downstream butyl acrylate production capacity may slightly increase, and terminal consumption is expected to support stable demand. In summary, it is expected that the acrylic acid market will remain strong in the short term, and more attention needs to be paid to market news guidance.

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