Market price of acrylic acid stabilized after rising (11.9-11.17)

1、 Acrylic acid price trend

 

ferric sulfate (Poly ferric sulphate)

(Figure: P value curve of acrylic acid products)

 

2、 Market analysis

 

The market of acrylic acid is rising recently. As of November 17, the average price of acrylic acid quoted in East China was 7933.33 yuan / ton, which was flat compared with the previous trading day, increased by 8.68% compared with last Monday (November 9) and decreased by 25.16% compared with October 17, according to the data of the bulk list of business agencies. The downstream inquiry was active, the purchasing enthusiasm was fair, the trading volume was increased, and the price of acrylic acid market stabilized after rising.

 

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 aochen Chemical Co., Ltd. 7800 yuan / T, line standard: ordinary acid; grade: superior product: November 16, 2020

Jinan aochen Chemical Co., Ltd. is 9500 yuan / T refined acid with 99.7% content on November 16, 2020

Jinan Mingwei Chemical Co., Ltd. 7400 yuan / T, line standard: common acid; grade: superior product: November 16, 2020

Aite (Shandong) new material Co., Ltd. is 7400 yuan / T. the industry standard is: common acid; the grade is superior product; November 14, 2020

Upstream propylene, on November 17, the market price of propylene in Shandong was almost stable. According to the price chart of business agency, propylene price remained stable in the first half of October and plummeted by more than 10% in the second half. Since November 1, the price has been adjusted back. Since November 1, the price has risen by 200-250 yuan / ton. After a short period of stabilization, the price dropped slightly by about 100 yuan / ton on August 9 and then stabilized again. On the 12th, it rose 50 yuan / ton again and stabilized again. Today, it continues to be stable, with individual enterprises’ prices rising slightly. At present, the market turnover is between 6830 yuan / ton and 7200 yuan / ton, and the mainstream price is about 6850 yuan / ton. At present, the inventory of manufacturers is controllable, and the shipment situation is still ideal.

 

3、 Future forecast

 

The acrylic acid analysts of the business agency believe that the price of raw material propylene is temporarily stable, the cost support is acceptable, and the downstream inquiry and purchase are increasing. It is expected that the acrylic acid market will be mainly stable in the short term, and more attention should be paid to the market information guidance.

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