According to the bulk list data of the Business Agency, the average price of acrylic acid in East China was 8125.00 yuan/ton as of March 10, which was the same as that on Monday.
The acrylic acid market was running smoothly this week. Recently, the price of raw material propylene is relatively strong, the cost support is stable, the maintenance of enterprises at the supply side remains centralized, the market supply is shrinking, the purchasing mentality on the demand side is cautious, the intention of receiving goods at the terminal is general, and the market transaction is just on demand.
Upstream propylene, according to the bulk list data of the Business News Agency, the price of propylene in Shandong Province has stopped falling and rebounded recently, with a narrow rise of 50 yuan/ton for two consecutive days. On March 9, the reference price of propylene was 7464.60, down 0.77% from March 1 (7522.60).
The acrylic acid analyst of the Business Society believes that there is some support in the cost side at present. With the support of downstream procurement on demand and tight supply, it is expected that the acrylic acid market will be strong in the short term, and more attention should be paid to the guidance of market news.