The acrylic acid market rose in April. According to the Commodity Market Analysis System of Business Society, as of April 28th, the average quoted price of acrylic acid in East China was 6825.00 yuan/ton, an increase of 4.60% compared to April 1st (the reference price of acrylic acid was 6525 yuan/ton).
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From the data monitoring chart of the Business Society, it can be seen that after the continuous increase in acrylic acid prices in April, it remained stable and operated on a wait-and-see basis.
In the first half of the month, cost support was still acceptable, with companies mainly executing pre received orders in the early stage, with tight spot prices and supply side pressure free support for continuous increases in acrylic acid prices. The downstream inquiry atmosphere was active, and there was a high intention to replenish at low prices. The follow-up of high priced raw materials was relatively cautious, and the overall performance of the demand side was average, with a focus on continuing rigid demand procurement.
In the second half of the month, the price of raw material propylene fluctuated and fell, with some equipment fluctuating. Costs and supply support still exist. Downstream companies chose to lower their rigid demand and stock up in moderation before the holiday, and their follow-up to high prices is still average. Most production companies remained stable in their quotes, while distributors mainly followed the market and shipped according to the market.
Raw material propylene: According to the commodity market analysis system of Business Society, on April 26th, the reference price of propylene was 6852.60, an increase of 0.06% compared to April 1st (6848.60). In April, raw material propylene operated in a narrow range of fluctuations, providing sufficient support for the acrylic acid market.
Future Market Forecast:
According to acrylic acid analysts from Business Society, the current cost impact is limited, and there is currently no pressure on supply side inventory. With downstream stocking gradually approaching its end, the market atmosphere is slowing down, and transactions are mainly in demand. It is expected that the acrylic acid market will remain stable in the short term, and more attention should be paid to market news guidance.
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