According to the Commodity Market Analysis System of Business Society, as of February 27th, the average quoted price of acrylic acid in East China was 6237.50 yuan/ton, an increase of 0.81% compared to February 1st.

The market price of acrylic acid slightly increased in February. Prior to the holiday, the price of raw material propylene has risen, with increased cost support. In addition, the supply side is operating without pressure, and the intention of enterprises to ship at low prices is not strong. Downstream rigid demand is mainly followed up in an appropriate amount. As downstream pre holiday stocking gradually approaches its end, the pace of market trading has slowed down, and the focus of negotiations in the acrylic acid market is mainly stable. After the holiday, the price of raw material propylene fluctuated narrowly, with limited impact on cost. Some units were in a shutdown state, and enterprises mainly executed pre received orders in the early stage. The supply side supported the enterprise’s price increase operation, but downstream demand followed up slowly. Inquiries and purchases were mainly for rigid needs, and market transactions were average. As the end of the month approached, the market atmosphere was light.

Cost side: Upstream propylene. According to the commodity market analysis system of Business Society, the reference price for propylene on February 27th was 6895.75, an increase of 0.77% compared to February 1st (6843.25). The cost side is generally supported by the acrylic acid market.

Comparison chart of price trends between propylene (upstream raw materials) and acrylic acid in Shengyishe:

The acrylic acid analyst from Business Society believes that the current cost support is still acceptable, the market transaction atmosphere is flat, and under the constraint of weak demand, it is expected that the acrylic acid market may operate under pressure in the short term, and more attention needs to be paid to market news guidance.