According to the data of the business club’s block list, as of May 21, the average price of acrylic acid in East China was 10833.33 yuan / ton, down 0.61% compared with the price at the beginning of the week, up 7.97% compared with April 21, and up 27.95% compared with the same period last year.

Acrylic acid market is weak this week. On the cost side, the price of raw material propylene declined, and the cost support weakened. On the supply side, the operating rate of acrylic acid increased. On the demand side, the downstream buying sentiment is general, mainly wait-and-see, the market transaction is poor, and the price center is under pressure.

According to the data monitoring of the business association, the recent acrylic acid prices of some enterprises (for reference only, the actual transaction prices of different brands, different specifications and products are mainly negotiated)

Upstream propylene, as of May 20, Shandong propylene market prices down again. According to the price chart of the business association, the propylene price in Shandong continued to rise in the first ten days of April, fell sharply in the last ten days, and remained stable at the end of the month. During the May Day period, the first two days continued to be stable. From the 3rd to the 7th, the daily price went up by about 50 yuan / ton. From the 9th, the price was mainly stable. After a small rise on the 13th, the price stabilized again. From the 17th, the daily price began to go down by 50 yuan / ton. From the 19th to the 20th, the daily price fell by about 100 yuan / ton. Now, the market transaction is between 8050 yuan / ton and 8300 yuan / ton, and the mainstream price is about 8050 yuan / ton.

According to the acrylic acid analysts of business news agency, at present, the price of raw material propylene is going down, the cost support is weakened, the downstream gas purchasing is flat, and the market atmosphere is weak. It is expected that the acrylic acid market will be weak in the short term, and more attention should be paid to the market information guidance.