According to the Commodity Market Analysis System of Shengyishe, as of December 27th, the average quoted price of acrylic acid in East China was 6175.00 yuan/ton, an increase of 0.41% compared to December 1st.

The acrylic acid market fluctuated and rose narrowly in December. In the first half of the year, the propylene raw material market experienced a slight decline, but there is still cost pressure in the acrylic acid market. The rise in the downstream butyl acrylate market has boosted the acrylic acid market to a certain extent, and some companies have raised prices. In the off-season of demand, downstream inquiries and procurement enthusiasm are average, and market transactions are mainly in demand. In mid month, there was an increase in market supply, but the demand side was poor. Downstream enterprises mainly consumed inventory, and new market transactions were limited. Some holders offered to sell at a discount. In the latter half of the month, cost pressure has increased, with some factories shutting down, supporting the mentality of enterprises to raise prices. Downstream is in the traditional off-season of consumption, and inquiries and purchases are mainly in demand. As the end of the month approaches, the market is mainly stable, and some enterprises have slightly lowered their prices based on their own situation. The market atmosphere is average.

Cost side: According to the commodity market analysis system of Shengyishe on December 26th, the reference price for propylene was 7010.75, a decrease of 1.34% compared to December 1st (7105.75).

The acrylic acid analyst from Business Society believes that currently there is strong cost support and supply side operation without pressure. However, under the constraint of weak demand, it is expected that the acrylic acid market may remain stagnant and operate in the short term, and more attention needs to be paid to market news guidance.