According to the data of the block list of business cooperatives, as of November 17, the average price of acrylic acid in East China was 8033.33 yuan/ton, unchanged from Monday’s price and 7.31% lower than that on October 17.

This week, the acrylic acid market was stable. From the perspective of cost, the price of raw propylene has fallen recently, and the cost support has weakened. From the perspective of supply and demand: the plant load has been adjusted slightly, and the operating rate has declined compared with the previous period. However, the downstream procurement mentality is cautious. The market transaction is just in demand, and the atmosphere is general. The focus of acrylic acid market negotiation is stable.

Upstream propylene, according to the data monitoring of the business community, the domestic propylene (Shandong) market rose and fell back this week (11.14-11.18). The average price of Shandong market at the beginning of the week was 7312 yuan/ton, and the average price at the weekend was 7230 yuan/ton, with a weekly drop of 1.12%.

According to the acrylic analysts of the business community, the cost is still supported to some extent. Downstream procurement is on demand, and the market atmosphere is flat. It is expected that the acrylic market will operate with a subjective expectation of stability in the short term. More attention should be paid to the business commencement and the demand for cold transfer terminals in the north.