Acrylic acid market price is stable this week (3.16-3.20)

1、 Acrylic price trend:

 

(Figure: P value curve of acrylic acid product)

 

2、 Market analysis:

 

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Product: according to the data of the business club’s large scale list, the average price of acrylic acid enterprises as of March 20 was 7266.67 yuan / ton, which was the same as that at the beginning of the week, with a three-month cycle, down 10.66% year-on-year. On the 20th, the main price of acrylic acid in China was about 7000-7500 yuan / ton. In the near future, the price of raw material propylene continues to decline. Under the influence of the overall market environment, the purchasing mentality of downstream customers is slightly weak, but the overall start-up of the industry continues to be low. The downstream just needs to increase gradually. This week, the quotation of mainstream manufacturers is stable. On the 20th, the price of acrylic acid in Wanhua chemical and Petrochemical Co., Ltd. remained stable, mainly for contracts and stable customers. The price of acrylic acid was 7000 yuan / ton.

 

Industrial chain: as of March 19, the market price of upstream propylene in Shandong still fell. In March, the price of propylene in Shandong began to decline. On the first day, the price of some enterprises picked up slightly. On the second day, the price of the whole line rose slightly. On the third day and the fourth day, the price of most enterprises generally rose. On the fifth day, the price of some enterprises increased by about 50-100 yuan / ton. On the sixth day, the price of enterprises fluctuated up and down, but the range was small. On the tenth day, the price generally fell by 50-100 yuan / ton. On the eleventh day, the price slightly fell by 50 yuan / ton. On the twelfth day, the price of some enterprises rose slightly There was a slight decline of 50-100 yuan / ton, and the price fell by 200-300 yuan / ton on the 13th. On the 16th, the price was stable, and on the 17th, 18th and 19th, the price dropped continuously. At present, the market turnover is 5700-6000 yuan / ton, and the mainstream price is 5700-5750 yuan / ton.

 

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Industry: according to the price monitoring of the business agency, there are seven commodities in the list of commodity prices rising and falling on March 19, 2020, among which the top three commodities are isopropanol (3.52%), ammonium chloride (2.85%) and dichloromethane (2.62%). There are 20 kinds of commodities falling on a month on month basis, 3 kinds of commodities falling by more than 5%, accounting for 3.4% of the number of commodities monitored in this sector; the top 3 products falling are ox (- 8.00%), propane (- 6.57%), chloroform (- 5.88%). The average price of this day was – 0.54%.

 

3、 Future forecast:

 

According to the acrylic analysts of the business association, the price of raw material propylene continues to decline and the support of the cost side weakens, but the industry’s operating rate continues to be low, the downstream demand gradually increases, and under the guidance of the supply and demand side, it is expected that in the short term, the acrylic acid market will be mainly stable, and the market trend will be more focused on the transaction status.

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