Feedstock: Propylene prices retreated from high levels, with the market undergoing a high-level correction and consolidation.
Operating Rates: The overall operating rate of acrylic acid producers this week was estimated at 72.51%, an increase of 1.30% compared to the previous period.
Domestic Acrylic Acid Price Weekly Change Table
Unit: CNY/ton
| Product | Region | Last Week | This Week | Change | % Change |
|---|---|---|---|---|---|
| Acrylic Acid | Jiangsu | 8340 | 8030 | -310 | -3.72% |
| Shandong | 8170 | 7820 | -350 | -4.28% | |
| Guangdong | 8530 | 8520 | -10 | -0.12% |
Data Source: Chempricehub Information
Summary: The East China acrylic acid market experienced a significant decline this week. Mainstream delivered quotes ranged from 7,800–7,900 CNY/ton, down 310 CNY/ton from last week, representing a weekly change of -3.72%. On the feedstock side, propylene prices fell from highs, gradually weakening cost support for acrylic acid. Regarding supply, Kaitai operated at full capacity, leading to a slight increase in overall industry utilization rates. Shipment willingness among producers and traders strengthened, causing offers to continue declining. On the demand side, downstream procurement pace slowed. Producers of specialty esters and SAP mostly replenished inventory based on rigid demand, purchasing only as needed. Overall market trading sentiment remained mediocre with limited transactions, and negotiated prices for actual orders trended lower.
In East China, some acrylic acid negotiations hovered around 7,850 CNY/ton. The industry operating rate stood at 72.51%, up 1.30% from the previous period.
The operating rate for butyl acrylate plants was 57.56%, an increase of 1.61% month-on-month. Some negotiations in East China were around 9,500 CNY/ton.
Outlook: The East China acrylic acid market is expected to trade weakly within a range next week. Upstream propylene prices may rise slightly, maintaining cost-side support. On the supply front, manufacturers have no immediate plans for unit adjustments, so overall industry utilization rates are expected to remain flat compared to this week. Factories and traders show a clear intent to maintain prices, offering flexible quotations based on market conditions. Downstream enterprises producing specialty esters and SAP generally adopt a cautious procurement mindset, buying only as needed. Market trading sentiment is expected to remain stable, with negotiated prices for actual orders likely to consolidate in a weaker direction.
Comments
0