According to the Commodity Market Analysis System of Business Society, as of May 30th, the average quoted price of acrylic acid in East China was 6925.00 yuan/ton, an increase of 1.47% compared to May 1st (the reference price of acrylic acid was 6825.00 yuan/ton).
From the data monitoring chart of Business Society, it can be seen that the market remained stagnant after a slight increase in acrylic acid prices in May.
In the first ten days, the price of raw material propylene fluctuated narrowly and rose, with cost support still acceptable. The factory mainly executes pending orders in an orderly manner, and the supply side is tight. Downstream follow-up and replenishment are appropriate after the holiday, and new orders are smoothly executed, with no pressure on the market to increase prices.
In mid month, the price of raw material propylene fluctuated slightly, with limited cost support. The supply of goods in the Shandong market is sufficient, but the demand side lacks follow-up motivation. Enterprises are actively shipping, with some discounts to promote transactions. The supply in the East China market is relatively low, and production enterprises tend to offer stable market views. Downstream buyers have a cautious attitude towards buying at high prices, choosing to buy at low prices as needed. The rise in acrylic acid is weak, and the market is gradually under pressure.
In the latter half of the year, the price of raw material propylene fluctuated narrowly, and the cost of acrylic acid fluctuated with the price of raw materials, creating a strong wait-and-see atmosphere in the market. The inventory pressure on the supply side is controllable, and market transactions are in high demand. Many factories maintain a stable trend, and dealers mainly negotiate according to their own situation.
Raw Material Propylene: According to the Commodity Market Analysis System of Business Society, as of May 29th, the quotation for propylene was 6860.6 yuan/ton, a slight increase of 0.88% compared to the quotation of 6800.6 yuan/ton on May 1st. In May, the price of raw material propylene fluctuated and stabilized, providing sufficient support for the acrylic acid market.
Future Market Forecast:
The acrylic acid analyst from Business Society believes that the current market performance is average, and companies have a positive attitude towards shipping. In the future, the price of raw material propylene may consolidate at a high level, and short-term cost support may still exist. Market transactions may continue to be dominated by rigid demand. It is expected that the acrylic acid market will stabilize slightly in the short term, and more attention should be paid to market news guidance.
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