Acrylic acid market runs smoothly this week (2.17-2.21)

1、 Acrylic price trend:

 

According to a large number of data on the list of business agencies, the acrylic market this week was temporarily stable. As of February 21, the average price of acrylic acid enterprises was 7066.67 yuan / ton, which was the same as that at the beginning of the week. In a three-month cycle, it fell 4.93% year-on-year. On the 21st, the mainstream price of acrylic acid Market in China was about 7000-7100 yuan / ton.

 

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2、 Market analysis:

 

Product: acrylic market is running smoothly this week. At present, the starting load of the plant is still low, the downstream resumption of work is advancing, and the market demand is gradually recovering. As of the 21st, the price of acrylic acid of Shandong Yukang Chemical Co., Ltd. has been temporarily stable, with 7600 yuan / ton of common acid and 8100 yuan / ton of refined acid. The specific transaction price is discussed in a single way. Jinan aochen Chemical Co., Ltd. has 7500 yuan / ton of common acid and 8500 yuan / ton of refined acid. The specific transaction price is discussed in a single way. The price of acrylic acid of Wanhua chemical and Petrochemical Co., Ltd. has remained stable, mainly for contracts and stable customers. At present, acrylic acid The price is 7000 yuan / ton.

 

Industry chain: this week, the domestic propylene (Shandong) market price increased significantly, up 8.45%. At present, the market turnover is about 6600-6800 yuan / ton, and the mainstream price is about 6600 yuan / ton. At present, there are still many units in the upstream which are shut down for maintenance. In the short term, the supply is difficult to recover, and the propylene output is small. However, the terminal manufacturers have started to return to work one after another, and the logistics and transportation have also recovered. The demand for propylene has increased significantly. Moreover, the PP futures market has been climbing continuously, and the downstream promotes procurement. Therefore, it is expected that the propylene market price will continue to rise in recent days.

 

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Industry: according to the price monitoring of the business agency, in the list of commodity prices rising and falling in the seventh week of 2020 (2.17-2.21), there are 26 kinds of commodities in the chemical industry sector, including 4 kinds of commodities with an increase of more than 5%, accounting for 4.7% of the number of commodities monitored in the sector; the top three commodities are crude benzene (8.74%), propylene (8.45%) and ethanol (6.16%). There are 19 kinds of commodities falling on a month on month basis, and the top three products were hydrogen peroxide (- 4.78%), acetic acid (- 4.24%) and TDI (- 4.05%). This week’s average was 0.1%.

 

3、 Future forecast:

 

According to the acrylic analyst of business club, in the near future, the price of raw material propylene has been greatly increased, the cost support has been greatly increased, and the starting load of the industry is low. With the further recovery of downstream demand and transportation, it is expected that in the short term, the acrylic market will be stable, medium and upward, and more attention should be paid to the starting and downstream demand of enterprises.

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