1、 Market price trend
Affected by the supply and demand situation, the price of acrylic acid in the market continued to decline this week. The specific price data may vary by region and different specifications, but the overall trend is downward. As of June 10th, the benchmark price of acrylic acid in Shengyi Society was 6833.33 yuan/ton, a decrease of 12.77% compared to the beginning of this month (7833.33 yuan/ton).
2、 Supply situation
The load of the acrylic acid production plant has remained stable recently, which means that the supply in the market has not decreased due to production issues. However, this may also lead to the gradual accumulation of finished product inventory in the market.
Although the production equipment load is stable, the finished product inventory in the acrylic acid market is being digested. This may be due to a rebound in downstream demand or corresponding inventory management measures taken by manufacturers. However, the speed of inventory digestion may still be insufficient to prevent a decline in market prices.
The continuous low price of propylene has weakened cost support, and the room for enterprises to lower prices has expanded. As of June 10th, the benchmark price of propylene in Shengyi Society was 6533.25 yuan/ton, a decrease of 0.08% compared to the beginning of this month (6538.25 yuan/ton).
3、 Weak demand side
Downstream industries are weakening: The demand for end use applications (such as coatings, adhesives, textiles, etc.) is sluggish, especially in industries such as construction and automobiles, which have experienced a decline in business prosperity, leading to a low willingness to purchase.
Export restrictions: Shrinking demand in overseas markets or trade barriers (such as anti-dumping) may suppress exports and exacerbate domestic oversupply.
4、 Future forecast
It is expected that the domestic acrylic acid market will maintain a weak consolidation trend in the short term. This is mainly due to weak downstream demand and relatively stable supply in the market. Therefore, until there are obvious favorable factors, it may be difficult for the price of acrylic acid in the market to rebound significantly. However, it should also be noted that the market is always full of variables, and any policy adjustments, industry dynamics, or macroeconomic changes may have an impact on market prices.
In summary, the acrylic acid market continued its downward trend this week, mainly due to the results of the supply-demand game. In a situation where supply is relatively stable but demand is weak, it is difficult for market prices to rebound significantly. Therefore, cargo holders and downstream users need to closely monitor market dynamics and industry changes in order to develop reasonable procurement and sales strategies.

Price trend: Indonesian mineral prices support, nickel price center shifts upward
According to the monitoring of the commodity market analysis system of Shengyi Society, on June 9th, spot electrolytic nickel was reported at 124133 yuan/ton, with a weekly increase of 1.40%, showing a fluctuating upward trend. The benchmark price of nickel ore for domestic trade in Indonesia remains strong, with stable mining subsidies and limited downward space.
Macro: US policy disturbance, non farm payroll data exceeds expectations
1. Increased steel and aluminum tariffs: The United States has raised steel and aluminum tariffs from 25% to 50%, and policy uncertainty may affect global metal trade flows.
2. Strong job market: In May, the United States added 139000 non farm jobs (expected to be 130000), and the unemployment rate remained stable at 4.2%. Hourly wages increased by 0.4% month on month (previously 0.2%), with a year-on-year growth rate of 3.9%, indicating that inflationary pressure still exists. Trump calls for the Federal Reserve to cut interest rates by 100 basis points, but strong data may delay expectations of easing.
Supply side: Strong mineral prices vs. overcapacity
The supply of nickel ore still fluctuates, and the main mining areas in the Philippines have gradually emerged from the impact of the rainy season, but the shipment volume is still affected to some extent. The benchmark price of nickel ore for domestic trade in Indonesia is relatively strong, and the price of nickel ore at the markup in June is basically stable, with limited downward space in the future.
Global inventory changes: LME nickel inventory decreased by 288 tons per week (to 199092 tons), domestic Shanghai nickel inventory decreased by 865 tons per week (to 21192 tons), and the pattern of oversupply has not been reversed.
Capacity expansion: Macquarie analysts point out that the market is already in a state of oversupply, and multiple nickel projects in Indonesia are about to start production. Macquarie expects the oversupply to continue until 2027-2028.
Demand side: Low demand for stainless steel and insufficient support for new energy
Stainless steel market: On June 6th, the spot price of stainless steel was reported at 13175 yuan/ton, unchanged from the beginning of the month. Some manufacturers in China and India have reduced production, but the pressure of accumulated inventory has not dissipated, and terminal demand is sluggish.
In the field of new energy, car companies are turning to vigorously build lithium iron phosphate (LFP) battery factories, and the growth rate of demand for ternary batteries (NMC) is slowing down.
Market forecast: Indonesian mineral prices are supported, but demand is slowing down, inventory is under pressure, and nickel prices are hindered from rising. It is expected that nickel prices will remain in a range of fluctuations.

Market Overview: This week, the overall supply of acrylonitrile in the domestic market is abundant, but there is a lack of purchasing power. The planned production of facilities such as Zhenhai Refining and Chemical has suppressed market sentiment, and prices continue to decline. As of June 6th, the mainstream negotiation for container self pickup at East China ports remains at 8250-8350 yuan/ton, a decrease of 50-150 yuan/ton compared to last week; Short distance delivery to the Shandong market remains at around 8150-8250 yuan/ton, a decrease of 150 yuan/ton compared to last week.
Supply side: According to statistics, as of June 5th, the average capacity utilization rate of the domestic acrylonitrile industry reached 75.27%, an increase of 1.30% compared to the same period last week, with a weekly output of approximately 75800 tons.
Abundant inventory: Overall supply is abundant. According to statistics, as of June 4, 2025, the sample inventory of acrylonitrile factory was 44800 tons, an increase of+0.18 million tons from last week, and the inventory gradually accumulated.
Demand side: The capacity utilization rate of major downstream industries of acrylonitrile in China has not changed much, and the overall load of acrylic fiber has reached over 60%; The ABS industry has maintained a production rate of around 60%. As of June 5th, the ABS capacity utilization rate was 64.02%, an increase of 1.7% compared to the same period last week. Raw materials are purchased on demand, and the overall demand performance is average.
Overall, the current domestic acrylonitrile market is weak, and Zhenhai Refinery is about to start production with increased supply, but the demand remains flat. However, there has been a temporary demand in the South China region recently, which has to some extent slowed down the market downturn.

Latest price: The average market price on June 5th was 7970 yuan/ton, a decrease of 0.87% from the previous trading day.
According to the Commodity Analysis System of Shengyi Society, the domestic price of styrene has been weak and declining. In terms of cost, crude oil fluctuates within the range, pure benzene is weakly consolidated, and the raw material side lacks support for styrene. In terms of supply and demand, the recent profit of styrene is still acceptable, and some units have plans to restart in advance. The downstream demand side remains stable with limited increment. Overall, the supply and demand side is expected to weaken. Under the bearish fundamentals, it is expected that the styrene market will operate weakly in the short term.

According to the Commodity Market Analysis System of Shengyi Society, as of the 30th, the price of ethyl acetate was 5456.67 yuan/ton, an increase of 0.43% compared to the price of 5433.33 yuan/ton on May 25th, and a decrease of 1.09% compared to the beginning of the month. The upstream market is experiencing strong fluctuations, while the downstream is following up on demand. Market transactions are still acceptable, and ethyl acetate companies are actively shipping, with a strong upward trend in price focus.
This week, the utilization rate of domestic ethyl acetate production capacity has decreased, and the market supply pressure has weakened. At the beginning of the week, raw materials rose and the supplier’s mentality was optimistic. Ethyl acetate enterprises followed suit and increased their prices. Downstream demand mainly entered the market according to demand, and there were many low-priced inquiries in the market. Some enterprises had smooth transactions, and the price of ethyl acetate remained firm. The partial price reduction of upstream acetic acid in the later part of the week has a negative impact on the market of ethyl acetate.
Looking at the future market, the ethyl acetate market is running steadily, with manufacturers having a strong mentality and downstream following up on demand. Enterprise sales are still acceptable, but the decline in raw material prices has weakened market support. It is expected that the price of ethyl acetate may be slightly lower in the later stage, and specific attention should be paid to changes in supplier equipment and downstream follow-up.