1、 Acrylic acid price trend
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Figure: P value curve of acrylic acid products
2、 Market analysis
Since July, the market of acrylic acid has declined. According to the data of the business club’s bulk list, the average price of acrylic acid quoted in East China as of July 21 was 7083.33 yuan / ton, which was 8.01% lower than that on July 1 (7700 yuan / ton), 13.27% lower than that on June 21 (8166.67 yuan / ton), and 11.46% lower than that of the same period of three months.
In the first ten days of July, the average price of acrylic acid in East China was 7700 yuan / ton on 1 January. The price of raw material propylene was high and the cost was under pressure. On the second day, some enterprises adjusted their quotations, and the low-end price of the market was raised slightly. The price remained stable after rising to 7733.33 yuan / T. on the 9th, the price of acrylic acid rose to 7766.67 yuan / ton. On the 10th, the price of raw material propylene was high and the market of acrylic acid was high The average price of acrylic acid in East China was 7266.67 yuan / ton, and the price of acrylic acid in the first ten days of July was – 5.63%.
In the middle of July, the average quotation price of acrylic acid in East China was 7266.67 yuan / ton on July 11. On the 13th, the price of raw material propylene went down, the supply and demand of acrylic acid was relatively balanced, and the market was mainly stable. On the 16th, the raw material propylene was in a weak position, and the downstream demand was limited. The acrylic acid market was put into operation. The price of acrylic acid was slightly reduced to 7233.33 yuan / T, and then stabilized. On the 20th, the price of raw material propylene began to rise, but the downstream propylene price began to rise The overall demand follow-up was not as expected, mainly purchasing on demand, and the market consolidation was narrow. The average quotation price of acrylic acid in East China was 7083.33 yuan / T, and the price of acrylic acid was – 2.52% in mid July.
According to the data monitoring of the business agency, the price of acrylic acid of some enterprises in recent years (for reference only, the actual transaction price is mainly negotiated)
Enterprise market price specification date
Jinan Mingwei Chemical Co., Ltd. 6800 yuan / T, line standard: common acid; grade: superior product: July 21, 2020
Jinan jinrihe Chemical Co., Ltd. 6800 yuan / T, line standard: common acid; grade: superior product: July 21, 2020
Jinan aochen Chemical Co., Ltd. 7200 yuan / T, line standard: common acid; grade: superior product: July 20, 2020
Jinan aochen Chemical Co., Ltd. 9700 yuan / T refined acid, 99.7% content, 2020-07-20
Jinan Yuanxiang Chemical Co., Ltd. 6800 yuan / T, line standard: common acid; grade: superior product: July 20, 2020
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On July 20, the market price of upstream propylene in Shandong began to rise. According to the price chart of the business agency, the recent price of propylene fluctuates periodically, with a relatively stable price range. Since the beginning of July, the price has been continuously reduced by 200-250 yuan / ton. From 6 to 9, the price has been adjusted back by about 250 yuan / ton. On October 10 and 11, the price has been roughly flat. Since the 12th, the price has declined for a second time, and now it has declined by 150-200 yuan / ton. Since the 17th, it has been basically stable again. On the 19th, some enterprises have risen slightly. Today, most enterprises have begun to adjust. The market transaction has reached 6700-7000 yuan / ton, which is the mainstream price About 6750 yuan / ton. At present, the inventory of propylene manufacturers is general, the crude oil price is slightly cold, the overall downstream market operating rate is acceptable, and the downstream purchasing enthusiasm is weak, and the market trading is stable. Although the current propylene price is still slightly away from the lower limit of the recent propylene shock range, it has been stable for a long time, and part of the price difference has been digested. Therefore, it is expected that the propylene price will continue to rise in the near future, which has a good support for acrylic acid.
3、 Future forecast
Acrylic acid analysts from the business community believe that at present, the price of raw material propylene is rising, and the cost support is strengthened, but the downstream demand is flat, the market trading atmosphere is general, and the industry is in a strong wait-and-see mood. It is expected that the acrylic acid market will be stable in the short term.
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