Feedstock: Propylene prices rebounded and continued to rise, significantly increasing downstream cost pressure. Overall procurement willingness weakened, and market activity returned to a quiet state.
Operating Rates: The overall operating rate of acrylic acid enterprises this week was estimated at 64.66%, a decrease of 4.59% from the previous period.
| Product | Region | Last Week | This Week | Change | Change % |
|---|---|---|---|---|---|
| Acrylic Acid | Jiangsu | 8080 | 8260 | 180 | 2.23% |
| Shandong | 7980 | 8160 | 180 | 2.26% | |
| Guangdong | 8560 | 8740 | 180 | 2.10% |
Data Source: Chempricehub Information
Summary:
The East China acrylic acid market trended upwards with fluctuations this week. Mainstream delivered quotes ranged from 8,300 to 8,500 RMB/ton, representing a significant increase compared to last week. The rapid rise in propylene feedstock prices strengthened its support for acrylic acid costs. On the supply side, Qixiang in Shandong halted operations entirely for maintenance, one unit at Bohua in Tianjin shut down, and Shengke in Jiangsu restarted after short-term maintenance, leading to an overall decline in operating rates. Producers maintained firm pricing due to cost pressures, resulting in a wide spread between high and low offers. On the demand side, downstream buyers concentrated their purchases on Monday with good transaction volumes, but subsequent trading remained flat, with only small orders placed to replenish rigid demand.
Partial negotiations for acrylic acid in East China centered around 8,260 RMB/ton. The industry operating rate stood at 64.66%, down 4.59% from the previous period.
The operating rate for butyl acrylate plants was 56.19%, a quarter-on-quarter decrease of 1.94%. Partial negotiations in East China were around 9,660 RMB/ton.
The East China acrylic acid market is expected to maintain strong momentum next week. Upstream propylene prices are forecast to remain bullish and hold firm at high levels, continuing to provide strong cost support. Regarding supply, operating rates will see mixed changes; some producers may restart, while others might strategically extend shutdown periods, potentially leading to a slight recovery in overall capacity utilization. Factories and traders facing cost pressures may maintain firm quotations. If inventory accumulation occurs, a wide gap between high and low market prices may persist. On the demand side, downstream purchasing pace is expected to slow, with transactions dominated by small orders, and the weighted average price of actual negotiated deals likely trending upwards with fluctuations.
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