The domestic acrylic acid market continues to weaken, with prices generally falling in various regions. As of August 6th, the benchmark price of acrylic acid in Shengyi Society was 6500.00 yuan/ton, a decrease of 2.26% compared to the beginning of this month (6650.00 yuan/ton).
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In terms of raw materials:
Yesterday, the price of propylene in Shandong fell by 50 yuan, currently at 6130-6190 yuan/ton. Although it is expected that the price of propylene will rebound slightly in the near future, the production cost of acrylic acid is still at a relatively low level, and manufacturers still have some profit margin.
Price changes:
The mainstream transaction price in North China is 6150-6250 yuan/ton, a decrease of 100 yuan from the previous day
The price of refined acid in East China is 6600-6700 yuan/ton, a decrease of 50 yuan
The price of 6300-6400 yuan/ton in southern China has also dropped by 50 yuan
Supply situation:
There are two Zibo units under maintenance in North China, but other factories have high production enthusiasm. The Putian unit in South China has been postponed to resume production in mid August, but the Qinzhou and Huizhou units are producing normally. Overall, the market supply is sufficient and there have been no shortages
In terms of demand:
The continuous hot and rainy weather continues to affect downstream demand, and downstream enterprises mainly focus on digesting inventory, only making a small amount of essential purchases, especially in downstream industries such as SAP and polyacrylamide where demand is weak
Market mentality:
The continuous decline in prices has led to a strong bearish sentiment in the market, with buyers generally adopting a wait-and-see attitude, waiting for prices to further decline. Transactions are mainly low-priced small orders, and overall trading is light
Future outlook:
Although the raw material propylene may rise slightly, the profit margin of acrylic acid still exists. In the case of oversupply, it is expected that manufacturers will continue to offer discounts for shipments. In the short term, the acrylic acid market may maintain a weak operating trend
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