According to the data of the trade agency’s bulk list, as of August 30, the average price of acrylic acid in East China was 7400.00 yuan / ton, a decrease of 22.65% compared with the price on August 1, a year-on-year decrease of 49.20% in a three-month cycle, and a decrease of 51.53% compared with the same period last year.

The acrylic acid market fell in August. At the beginning of the month, the market price of raw material propylene fell, the cost support weakened, the demand side was in the off-season, the high temperature and the environmental protection inspection in some areas affected, the trading atmosphere of the acrylic acid market was weak and the market was weak. Around the middle of the year, with the rise of raw material propylene price and cost support, the market atmosphere was improved compared with the previous period. The price was stable and slightly increased. After the rise, the market was mainly stable and wait-and-see. Some units were overhauled and the operating rate declined. The market transaction was mainly just needed, and the market negotiation was mild. In the second half of the year, the fundamentals were weak as a whole, the prices fell, and the downstream inquiry and purchase were just needed. Near the end of the month, the market was stable and the wait-and-see atmosphere was strong.

As for upstream propylene, according to the data of the trade agency’s bulk list, the domestic propylene (Shandong) market continued to fluctuate downward in August, and the price further declined. The market was at 7348 yuan / ton at the beginning of August, and the average price at the end of the month was 7036 yuan / ton, with a monthly drop of 4.25%. The average price within the month was the lowest 6834 yuan / ton.

According to the acrylic acid analyst of business club, the price of raw material propylene is rising, the cost support is strengthened, and the Jinjiu is coming, and the market atmosphere is warming up. It is expected that the acrylic acid market will be strong in the short term, so we need to pay more attention to the changes of market news.