1、 Market price trend

1. Market price decline: Affected by supply and demand conditions, the acrylic acid market price has slightly declined this week. The specific price data may vary by region and different specifications, but the overall trend is downward. As of May 29th, the benchmark price of acrylic acid in Shengyi Society was 7966.67 yuan/ton, an increase of 0.21% compared to last week (7950.00 yuan/ton).
With the decline in market prices, low-priced acrylic products are gradually increasing in the market. This may further intensify market competition, leading some holders to continue lowering prices in order to seize market share.
2、 Supply situation
The load of the acrylic acid production plant has remained stable recently, which means that the supply in the market has not decreased due to production issues. However, this may also lead to the gradual accumulation of finished product inventory in the market.
Although the production equipment load is stable, the finished product inventory in the acrylic acid market is being digested. This may be due to a rebound in downstream demand or corresponding inventory management measures taken by manufacturers. However, the speed of inventory digestion may still be insufficient to prevent a decline in market prices.
3、 Demand situation
The main downstream application areas of acrylic acid include coatings, adhesives, textile printing and dyeing, etc. However, the demand for acrylic acid in these fields remained weak this week, with no clear signs of recovery. This may be due to a poor macroeconomic environment or some challenges faced by downstream industries themselves.
Due to weak downstream demand, the market’s short-term expectations for acrylic acid prices have not significantly improved. This may lead to a lack of confidence in the market among the holders, who may choose to sell at a lower price to quickly recoup their funds.
4、 Future forecast
It is expected that the domestic acrylic acid market will maintain a weak consolidation trend in the short term. This is mainly due to weak downstream demand and relatively stable supply in the market. Therefore, until there are obvious favorable factors, it may be difficult for the price of acrylic acid in the market to rebound significantly. However, it should also be noted that the market is always full of variables, and any policy adjustments, industry dynamics, or macroeconomic changes may have an impact on market prices.
In summary, the acrylic acid market continued its downward trend this week, mainly due to the results of the supply-demand game. In a situation where supply is relatively stable but demand is weak, it is difficult for market prices to rebound significantly. Therefore, cargo holders and downstream users need to closely monitor market dynamics and industry changes in order to develop reasonable procurement and sales strategies.