1、 Price trend
Overall trend: The price of acrylic acid market has shown a fluctuating trend recently. For example, from November 25th to December 3rd, 2024, the average market price of acrylic acid in the national mainstream market fluctuated between 6668.75 yuan and 6762.50 yuan/ton, with slight fluctuations from November 27th to December 3rd.
Specific price: As of December 4th, the benchmark price of acrylic acid in Shengyi Society is 6862.50 yuan/ton, which is the same as the beginning of this month. The price of acrylic acid varies among different manufacturers and production areas.
2、 Supply and demand situation
1. Supply side:
The recent maintenance and resumption of production of acrylic acid plants have had an impact on the supply side. Due to maintenance or reduced load operation, some acrylic acid plants have maintained a narrowing trend in the utilization rate of acrylic acid production capacity. However, as the maintenance equipment gradually resumes production, the supply side is expected to release more capacity, but the specific release speed and scale still need to be observed.
At the same time, some newly added production capacity is about to be put into operation, which will further increase market supply. However, due to the uncertainty of the production progress and capacity release of new capacity, the impact on market supply is still difficult to determine.
2. Demand side:
In terms of downstream demand, factories are basically maintaining long-term inventory consumption, and inquiries about low-priced sources are generally average. Due to the expected release on the supply side, but the downstream demand has not shown significant growth, the market has a strong wait-and-see sentiment.
The main downstream application areas of acrylic acid include coatings, adhesives, textile auxiliaries, water treatment agents, etc. The demand situation in these fields will directly affect the market demand for acrylic acid. If downstream demand continues to be sluggish, it will exert downward pressure on the price of acrylic acid.
3、 Production cost
As the main raw material of acrylic acid, the price fluctuation of propylene directly affects the production cost of acrylic acid. Recently, the market price of propylene has been relatively stable, with a national average price ranging from 6700 yuan/ton to 6850 yuan/ton. The specific price depends on the region and trading conditions.
4、 Market competition
The competition in the acrylic acid market is fierce, and companies may adopt price reduction strategies to compete for market share. However, in situations of oversupply and insufficient demand, price reduction strategies may not be effective. In addition, some companies may reduce costs and enhance competitiveness by improving product quality, optimizing production processes, and other means, thereby affecting market prices.
In summary, the short-term acrylic acid market may show a trend of stagnant consolidation and operation. There are expectations of release on the supply side, but downstream demand growth is weak, market competition is fierce, and there is uncertainty in the macroeconomic environment. Therefore, investors and downstream enterprises need to closely monitor market dynamics and relevant information in order to make timely and reasonable judgments and decisions.
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