This week, the acrylic acid market experienced narrow fluctuations and consolidation. According to the Commodity Market Analysis System of Shengyishe, as of November 24th, the average quoted price of acrylic acid in the East China region is 6125.00 yuan/ton, which is unchanged from Monday’s price.

Factors affecting the price of acrylic acid:

Cost side: According to the commodity market analysis system of Shengyishe, on November 23rd, the reference price of propylene was 7063.25, an increase of 0.18% compared to November 1st (7050.75). Recently, the domestic propylene (Shandong) market has shown a narrow upward trend, and the cost side pressure of the acrylic acid market is relatively high.

Supply and demand side: At the beginning of the week, the follow-up of downstream inquiries into the market was average, with some holders offering discounts to ship. As some devices were shut down for maintenance, the market supply of goods decreased, supporting the mentality of enterprises to raise prices. Downstream demand was mainly followed up.

The acrylic acid analyst from Business Society believes that cost pressure still exists at present, and the supply side has some support for the market. However, downstream only requires rigid procurement, and the market atmosphere is average. It is expected that the acrylic acid market may remain stagnant and consolidate in the short term, and more attention still needs to be paid to market news guidance.