According to the bulk list data of the Business Agency, as of March 21, the average quoted price of acrylic acid in East China was 7725.00 yuan/ton, a decrease of 4.04% compared to last Friday (March 17).
| Thiourea |
In the recent period (3.17-3.21), the acrylic acid market is weak. Recently, the market price of raw material propylene has fallen, and cost support has weakened. In addition, the enthusiasm of downstream market inquiries and procurement is low, and the focus of acrylic acid price negotiation is low. Market transactions are mainly on demand, with a strong cautious wait-and-see mentality and a weak market atmosphere.
According to the bulk list data of the business news agency, the recent price of propylene in Shandong is weak. On March 20, the reference price of propylene was 7176.60, a decrease of 4.6% compared to March 1 (7522.60).
Acrylic acid analysts from the Business Society believe that the current cost support is limited, and downstream procurement is just needed. The market atmosphere is general. It is expected that the acrylic acid market will stabilize in the short term, and more attention needs to be paid to market news guidance.
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