According to the data of the block list of business cooperatives, as of November 11, the average price of acrylic acid in East China was 8033.33 yuan/ton, 2.03% lower than the price on Monday, and 7.31% lower than the price on October 11.
| Azodicarbonamide (AC foaming Agent) |
Acrylic acid market was stable and fell this week. From the perspective of cost, the price of raw propylene has risen recently, and the cost support has been strengthened. From the perspective of supply and demand, the operating rate of some equipment maintenance has declined slightly compared with that in the early stage, but the downstream procurement is just in demand, the market transaction atmosphere is light and stable, and the acrylic acid market negotiation focuses on stability.
The upstream propylene, according to the data monitoring of the business community, on November 10, the reference price of propylene was 7330.60, up 4.18% compared with November 1 (7036.60).
According to the acrylic analysts of the business community, the pressure on the cost side is increasing at present, and the downstream is mainly following up on demand, with little change in the supply and demand side. It is expected that the acrylic market will be mainly reorganized and operated in the short term, and more attention should be paid to the upstream and downstream news guidance.
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