1、 Acrylic price trend:

(Figure: P value curve of acrylic acid product)

2、 Market analysis:

Products: according to the monitoring data of the business agency, the average price of acrylic acid enterprises on March 1 was 7166.67 yuan / ton, and the average price of acrylic acid enterprises on March 31 was 6433.33 yuan / ton, with the market down 10.23% in the month. In a three-month cycle, it fell 20.9% year-on-year. At the beginning of the month, the price of raw material propylene rose, the cost support was strengthened, the industry was still at a low level, and the downstream demand gradually increased, and the price of acrylic acid rose steadily. In the middle of the month, the price of raw material propylene fell, the cost support for acrylic acid also weakened, the downstream demand recovered in an orderly manner, the market trading was orderly, and the mainstream price of acrylic acid market remained stable under the support of supply and demand. Near the end of the month, under the influence of the overall market environment, the purchasing mentality of downstream customers is slightly weak, the real order transaction is just needed, the mentality of the operators is poor, and the price of acrylic acid is greatly reduced. On December 31, the mainstream price of acrylic acid Market in China was about 6400-6500 yuan / ton.

Industry chain: according to the data in the large scale list of business agencies, the market price of domestic propylene (Shandong) in March experienced a rapid decline trend after two small rises, at the beginning of the month, it was 6350 yuan / ton; at the end of the month, it was also the monthly low price, at 5378 yuan / ton, the monthly decline was 15.31%; the monthly high price, from March 6 to March 9, was 6663 yuan / ton, the monthly amplitude was 19.29%. On the 31st, the market turnover was 5300-5800 yuan / ton, and the mainstream price was about 5300 yuan / ton. At the beginning of April, there are more propylene manufacturers or will start construction, which has a great negative impact on propylene.

Industry: according to the price monitoring of the business agency, in March 2020, there are 24 kinds of commodities in the list of rise and fall of bulk commodity prices in the chemical industry sector, including 7 kinds of commodities with an increase of more than 5%, accounting for 8% of the number of commodities monitored in the sector; the top three commodities with an increase are isopropanol (55.64%), methylic acid (20.51%) and ammonium chloride (20.48%). There are 59 kinds of commodities falling on a month on month basis, 46 kinds of commodities falling by more than 5%, accounting for 52.9% of the number of commodities monitored in the sector; the top three products falling are pure benzene (- 49.82%), crude benzene (- 36.94%) and toluene (- 33.67%). This month’s average rise and fall was – 8.47%.

3、 Future forecast:

Analysts of acrylic acid business club believe that in the near future, the price of raw propylene has fallen, the cost side support is weak, the downstream just needs to purchase mainly, and the market mentality is more cautious. It is expected that in the short term, acrylic acid market will be dominated by weak consolidation, and the market trend needs to pay more attention to the price of raw materials and the transaction status of the mainstream market.