1、 This week’s market review: prices stabilize at high levels after a tiered rise
This week, the acrylic acid market has shown a clear upward trend in a stepped manner. As of October 14th, the benchmark price of acrylic acid was 8966.67 yuan/ton, an increase of 4.67% compared to the beginning of this month (8566.67 yuan/ton).
2、 Core driver: Strong cost push, supporting the price increase of acrylic acid
The core logic behind the upward trend of acrylic acid this week lies in the strong boost from the cost side.
Data shows that on October 14th, the benchmark price of propylene (upstream raw material) was 10701.00 yuan/ton, a significant increase of 10.23% compared to the beginning of this month (9707.67 yuan/ton).
The significant increase in the price of raw material propylene has significantly raised the production cost of acrylic acid. Under the pressure of cost, acrylic acid production enterprises have a strong willingness to raise prices, and their offers follow suit, resulting in a rapid decrease in low-priced supply in the market.
Future prospects
Overall, the current acrylic acid market is in a dual positive stage of “strong cost support+technological breakthroughs”. In the short term, if the upstream propylene price remains high, the acrylic acid market will continue to maintain a high price trend.
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