According to the commodity market analysis system of the business community, the average price of acrylic acid in East China as of June 28 was 5925.00 yuan/ton, 2.07% lower than the price on June 1.
The acrylic acid market fell first and then rose in June. In the first half of the month, the raw material propylene market fluctuated and fell, with insufficient cost support. The supply side adjusted the load of individual factories and devices, resulting in a decline in industry operating rates. In the off-season of demand, the downstream ester device load was not high, and the demand for raw material inquiries and procurement was mainly in demand. The focus of market negotiations was weak. In the second half of the month, the raw material propylene market rose, with increased cost support, boosting the mentality of the industry and driving up prices for enterprises. The factory equipment load was not high, and the demand side procurement continued to be in demand. The acrylic acid market was relatively strong, and the market wait-and-see atmosphere remained.
Upstream propylene, according to the Commodity Market Analysis System of Business Society, the reference price for propylene on June 27th was 6513.25, an increase of 0.81% compared to June 1st (6460.75).
Acrylic acid analysts from Business Society believe that there is currently some support in the cost side, with downstream procurement being the main focus and the market trading atmosphere being moderate. It is expected that the acrylic acid market may undergo a narrow adjustment in the short term, and more attention needs to be paid to market news guidance.
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