I. price trend of acrylic acid:

Acrylic market rose this week, according to a large number of data from the business club. As of December 6, the average price of acrylic acid was 8000 yuan / ton, up 1.69% compared with that at the beginning of the week (December 2). In a three-month cycle, it rose 1.27% year-on-year. On June 6, the main quotation of acrylic acid in China was 7300-9000 yuan / ton.

II. Market analysis:

Product: acrylic market rose this week. Due to the shutdown of some plants and the decrease of market supply, the price of acrylic acid rose. As of June 6, the price of acrylic acid of Shandong Yukang Chemical Co., Ltd. has been temporarily stable, with 7200 yuan / ton of common acid and 7800 yuan / ton of refined acid. The specific transaction price has been discussed on a case by case basis. The price of acrylic acid of Wanhua chemical and Petrochemical Co., Ltd. has remained stable, with main supply contracts and stable customers. At present, the price of acrylic acid is 7700 yuan / ton.

Industry chain: this week (12.2-12.6), the market in the upstream propylene Shandong region fell, down 3.85%. At present, the market turnover has dropped to about 6720-7300 yuan / ton, and the mainstream price is 6720-6750 yuan / ton. At present, the pressure of supply and demand still exists, the market atmosphere is weak, the procurement is cold, and the downstream mentality is cautious. However, affected by the OPEC production reduction agreement or the extension and strengthening degree, the international crude oil rose sharply on the 4th and slightly on the 5th, so it is expected that the market price of propylene will recover in recent days. Acrylic acid downstream buy just need, more cautious wait-and-see.

Industry: according to the price monitoring of the business agency, in the 48th week of 2019 (12.2-12.6), there are 17 kinds of commodities in the list of commodity prices rising and falling, including 1 kind of commodity with an increase of more than 5%, accounting for 1.2% of the number of commodities monitored in the chemical sector; the top three commodities are R22 (5.77%), liquid ammonia (3.72%) and organosilicon DMC (3.17%). There are 26 kinds of commodities with a decline in the month on month ratio, and the top three products were propylene (- 3.85%), isopropanol (- 3.63%) and polysilicon (- 3.34%). This week’s average was – 0.26%.

3. Future forecast:

Acrylic analysts of the business community believe that the upstream propylene price fell and the cost support was weak. The supply of acrylic acid has decreased and the market price has increased. However, the downstream market is just in need of receiving goods. It is expected that in the short term, the acrylic acid market will be mainly stable.