According to the Commodity Market Analysis System of Business Society, as of May 24th, the average quoted price of acrylic acid in East China was 6925.00 yuan/ton, which is basically unchanged compared to Monday’s price.
| Bacillus thuringiensis |
The acrylic acid market is mainly stable this week. Recently, the price of raw material propylene has fluctuated narrowly, with limited cost support. The utilization rate of production capacity in the supply side industry has slightly improved, and downstream procurement is cautious. Just in need, the follow-up is average, and factories tend to maintain a stable trend, with some offering discounts and receiving orders. Dealer quotations are mainly negotiated with the company.
Cost side:
| Azodicarbonamide (AC foaming Agent) |
According to the commodity market analysis system of Shengyishe, the reference price for propylene on May 23 was 6726.60, a decrease of 1.09% compared to May 1 (6800.60). The recent fluctuations in raw material propylene prices have had little impact on the acrylic acid market.
Future Market Forecast:
The acrylic acid analyst from Business Society believes that the current supply side inventory pressure is temporarily controllable, and downstream inquiries and purchases are mainly based on demand. The market has a strong wait-and-see atmosphere, and the short-term cost impact may still be limited. It is expected that the acrylic acid market will stabilize and operate in the short term, and more attention should be paid to market news guidance.
| http://www.lubonchem.com/ |