Recently, the acrylic acid market has remained stable with a moderate to strong trend. According to the Commodity Market Analysis System of Shengyi Society, as of July 19th, the average price of acrylic acid in East China was 6587.50 yuan/ton, an increase of 0.19% compared to Monday’s price.

Cost aspect:

According to the Commodity Market Analysis System of Shengyi Society, on July 18th, the reference price of propylene was 7175.75, an increase of 0.6% compared to July 1st (7133.25). Recently, the price of raw material propylene has fluctuated narrowly, and the cost has continued to be supported by the acrylic acid market, which has supported manufacturers’ willingness to raise prices.

Supply and demand side:

Recently, some enterprises have been operating with reduced capacity, and the capacity utilization rate of the acrylic acid industry has declined compared to last week. Terminal demand is mainly based on consumption contracts, and downstream inquiries and purchases are on demand. The market atmosphere for new orders is average.

Market forecast:

The acrylic acid analyst from Shengyi Society believes that the short-term cost support is still relatively strong, but the demand side needs to be followed up appropriately, which may restrict the market growth. It is expected that the acrylic acid market will stabilize and operate in the short term, and more attention should be paid to changes in supply side equipment.