According to the data of the business club’s block list, as of June 9, the average quotation price of acrylic acid in East China was 10200 yuan / ton, which was flat compared with the previous trading day, flat compared with the price at the beginning of the month, down 1.92% compared with the price on May 9, and 14.04% compared with the same period in three months.
In May, the acrylic acid market rose first and then fell, with a monthly rise and fall of – 0.33%. In June, the acrylic acid market was light and the price was stable. At present, the price of raw material propylene is weak, the cost support is weakened, the demand side gas purchase is general, and the demand side procurement is mainly on demand. Most of the operators hold a wait-and-see mentality, the market trading atmosphere is flat, and the market is mainly stable.
Upstream propylene, as of June 7, Shandong propylene prices temporarily stable. According to the price chart of the business club, after a sharp rise of 150-250 yuan / ton on the 3rd, today’s market consolidation operation, individual enterprises slightly reduced 50 yuan / ton. Now the market turnover has risen to 8050-8150 yuan / ton, and the mainstream price is about 8050 yuan / ton.
According to the acrylic acid analysts of business news agency, at present, the raw material propylene is weak, the overall demand of downstream is average, and the basic market atmosphere is flat. It is expected that the acrylic acid market may be weak and stable in the short term, and more attention should be paid to the rise and fall of raw materials.