The acrylic acid market rose in March. According to the Commodity Market Analysis System of Business Society, as of March 27th, the average quoted price of acrylic acid in East China was 6425.00 yuan/ton, an increase of 3.63% compared to March 1st (the reference price of acrylic acid was 6200 yuan/ton).

From the data monitoring chart of Business Society, it can be seen that the price of acrylic acid in the early stage of the month fell, mainly due to the dragging of the market by the demand side, slow follow-up of terminal demand, limited downstream new order transactions, poor receiving sentiment, and poor shipment of acrylic acid enterprises, with some discounts to promote transactions. With the rise in raw material propylene prices and increased cost pressure, some equipment on the supply side has been shut down for maintenance, leading to a decrease in industry capacity utilization. The quotes from major manufacturers have been raised, supporting the market’s price push mentality. Low priced goods on the market have decreased, and downstream inquiries are still promising. Buying continues with a strong demand for follow-up, and actual market transactions are average. As the end of the month approaches, some devices undergo maintenance and there is a shortage of spot supply, resulting in a favorable market trend on the supply side.

Cost side: According to the commodity market analysis system of Shengyishe, the reference price of propylene on March 26th was 6690.60, a decrease of 2.62% compared to March 1st (6870.75). The raw material propylene operated in a narrow range in March, and the cost side pressure of the acrylic acid market still exists.

According to the acrylic acid analyst from Business Society, the current cost impact is limited, and supply side support is temporarily in place. Downstream demand for high priced raw materials follows suit, and there is a strong wait-and-see attitude towards them. It is expected that the acrylic acid market will remain strong in the short term, and more attention should be paid to changes in supply side operations.