According to the Commodity Market Analysis System of Shengyishe, as of January 30th, the average quoted price of acrylic acid in East China was 6175.00 yuan/ton, a decrease of 0.20% compared to the price on January 1st.

The market price of acrylic acid in January first fell and then rose. In the first ten days, the price of raw material propylene first fell and then rose. The cost faced with the support of the acrylic acid market was average, and there was not much pressure on the supply side. However, the demand side was weak, and downstream prices followed suit. The purchasing mentality was cautious, and the price of acrylic acid was reduced narrowly. In the middle of the month, the price of raw material propylene has risen, and the cost pressure has increased. The operating rate has slightly increased compared to the previous period, and there is still support on the supply side. However, the enthusiasm for downstream stocking is average, with a focus on following up on low rigid demand. The demand performance is average, and the market is mainly stable. In the latter half of the year, cost support continued, coupled with the shutdown of some devices, supporting a slight increase in prices. Downstream stocking was mainly based on demand, and the market atmosphere was average.

Cost side: Upstream propylene. According to the commodity market analysis system of Shengyishe, the reference price for propylene on January 29th was 6955.75, an increase of 1.27% compared to January 1st (6868.25). The cost side is strongly supported by the acrylic acid market.

The acrylic acid analyst from Business Society believes that current costs and supply side support still exist, and downstream demand is mainly followed up. It is expected that the acrylic acid market will remain strong in the short term, and more attention should be paid to market news guidance.