Acrylic acid market is mainly stable

1、 Acrylic acid price trend

 

Figure: P value curve of acrylic acid products

 

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2、 Market analysis

 

In the first ten days of August, the market of acrylic acid was stable. As of August 10, the average quotation price of acrylic acid in East China was 7083.33 yuan / ton, which was flat compared with August 1. Taking three months as a cycle, the price dropped by 4.28% year on year.

 

At present, the raw material propylene price is high, the cost pressure is rising, the downstream maintains the rigid demand purchase, the market atmosphere is light, the inquiry and the transaction are limited. The commodity index of acrylic acid on August 10 was 35.52, which was the same as yesterday, decreased by 64.48% from the highest point of 100.00 in the cycle (2011-09-01), and increased by 44.57% from the lowest point of 24.57 on November 26, 2015. (Note: period refers to 2011-09-01 to now)

 

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: August 10, 2020

Aite (Shandong) new materials Co., Ltd. $6600 / T, industry standard: Pu acid; grade: superior product: August 10, 2020

Jinan Yuanxiang Chemical Co., Ltd. 6500 yuan / T, line standard: ordinary acid; grade: superior product: August 10, 2020

Jinan planhua Chemical Co., Ltd. 6600 yuan / T, line standard: ordinary acid; grade: superior product: August 10, 2020

Jinan aochen Chemical Co., Ltd. 7200 yuan / T, line standard: ordinary acid; grade: superior product: August 10, 2020

Jinan aochen Chemical Co., Ltd. 9800 yuan / ton of refined acid; content: 99.7%; 2020-08-10

Sodium Molybdate

Upstream propylene, as of August 10, the market price of propylene in Shandong still rose. According to the price chart of the business agency, the recent price of propylene fluctuates periodically, with a relatively stable price range. On August 10, the market turnover reached 7000-7250 yuan / ton, and the mainstream price was about 7000 yuan / ton. At present, the inventory of propylene manufacturers is not under pressure, the crude oil price is small and downward, and the downstream polypropylene futures market is ordinary, but the profit margin of propylene oxide and other industries is rising, and the overall market procurement is picking up, and the market is good. At present, the propylene market price has broken through the upper limit of the range, but due to the strong downstream support, it is expected that the propylene price may still have an upward probability.

3、 Future forecast

 

Acrylic acid analysts of the business community believe that the current market price of raw material propylene is high, the cost is under pressure, downstream demand procurement, inquiry and transaction are light, and it is expected that the acrylic acid market will be stable in the short term.

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