This cycle (20240904-20240912), the acrylic acid market is on the rise. As of September 11th, the reference price of acrylic acid is 6775.00, an increase of 0.36% compared to September 1st (6750.00). The price of acrylic acid has risen. After the downstream entered the replenishment cycle last week, there has been an increase in inquiries and purchases in the market, and the market demand has improved compared to the previous period. In addition, the acrylic acid plant has been shut down for maintenance, resulting in a decrease in on-site supply. Acrylic acid manufacturers intend to push up prices.
In terms of cost
This week, the price of propylene in the market has been adjusted narrowly, with some regional market quotations slightly falling. Downstream demand for replenishment is mainly due to bargain hunting, and the overall trading atmosphere in the market is limited. As of September 11th, the benchmark price of propylene in Shengyi Society was 6845.75 yuan/ton, a decrease of -1.76% compared to the beginning of this month (6968.25 yuan/ton). At present, it is expected that there will be a narrow adjustment in the price of propylene market in the short term, but it is still necessary to closely monitor the follow-up of downstream demand in the later stage.
In terms of demand
The price of butyl acrylate has decreased. This week, the butyl acrylate market has slightly declined, and the trading atmosphere in the market is quiet. Downstream manufacturers have a heavy wait-and-see attitude, and transactions are mainly dominated by first-time contract holders. The focus of butyl acrylate quotations is gradually shifting downwards, and the upstream cost support is also limited. In the short term, it is expected that the butyl acrylate market will continue to remain weak, and it is recommended to purchase according to demand.
In summary, the domestic market for acrylic acid and butyl acrylate showed a volatile trend in August due to multiple factors. At the beginning of September, the upstream and downstream may still maintain a game state, and against the backdrop of weak overall demand, narrow fluctuations in market prices may become the norm.
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