This week, the acrylic acid market maintained overall stable operation amid the interplay of cost support and weak demand, with market sentiment leaning toward cautious optimism. As of February 10, the benchmark price of acrylic acid on Business Society was 6,116.67 yuan per ton, unchanged from the beginning of the month. The current "stable" state is a typical result of weak supply-demand equilibrium, primarily reflected in two aspects:

Cost Side: Due to the firm price of the main raw material, propylene, the production cost of acrylic acid remains high. If the selling price were to decline further, producers would face losses, prompting them to firmly stabilize prices and set a clear "floor price" for the market. On February 10, the benchmark price of propylene on Business Society was 6,437.67 yuan per ton, up 0.52% compared to the beginning of the month (6,404.33 yuan per ton).

Demand Side: Despite cost support, the recovery of terminal market demand has been slow. Downstream enterprises generally adopt a wait-and-see attitude, engaging only in essential procurement without large-scale stockpiling. This weak demand acts as a "ceiling," suppressing price increases.

Future Outlook: This fragile equilibrium is expected to be broken by the end of the first quarter to the beginning of the second quarter of 2026. The future market direction will depend on the interplay of several key variables:

1. The traditional peak season of "Golden March and Silver April" after March is crucial. If the recovery of the real estate and consumer goods markets drives downstream demand to rebound beyond expectations, prices are expected to break upward.
2. In the early second quarter, maintenance units will resume production, and the output of new capacities will be more fully released. At that time, supply pressure will significantly increase, potentially suppressing prices.
3. The trend of international energy prices will directly reshape the cost line of acrylic acid. If crude oil prices undergo a trend change, the current cost balance will be disrupted.

In summary, the acrylic acid market showed initial signs of stabilization and even partial recovery at the beginning of February, but the foundation remains weak. For market participants, short-term operations should remain flexible, with excessive expectations for unilateral trends being unwarranted. Strict inventory control remains the best strategy. Medium- to long-term preparations should be made for potential trend-driven market conditions in the second quarter, with close attention paid to the actual evolution of the aforementioned key variables.