According to the data of the business club’s block list, as of June 23, the average price of acrylic acid in East China was 10866.67 yuan / ton, up 4.49% compared with June 16, up 6.54% compared with the beginning of the month, and up 0.31% compared with May 23.
Since the second half of June, the acrylic acid market has been running strongly, and the price was stable on the 23rd
Since June, the acrylic acid Market in the first half of the month has been stable first and then rose, with an increase of 1.31%. In the second half of the month, the acrylic acid market rose steadily. Some mainstream enterprises executed export orders. At present, the market supply is tight. In addition to the impact of the news of logistics restrictions in some regions, the downstream products were prepared in advance, the market inquiry and transaction were active, and the rising atmosphere was strong, and the market was strong.
Upstream propylene, June 23, Shandong propylene market prices stopped falling temporarily. According to the price chart of the business club, the domestic propylene market has been in a downward trend since June. Today, the low-end price has increased by about 50 yuan / ton. Now, the market turnover is around 7600-7800 yuan / ton, and the mainstream price is about 7800 yuan / ton. At present, the market transaction is stable, the downstream purchases on demand, the downstream performance is general, and the support for propylene is limited.
Acrylic acid analysts of business news agency believe that at present, the cost support is general, the supply side is tight, and the market inquiry and transaction are positive. It is expected that the acrylic acid market will be stronger in the short term, and more attention should be paid to the market information guidance.