Upward adjustment in propylene feedstock prices; acrylic acid remains firm

1. Daily Summary

① Acrylic acid prices in East China stood at 8,900 RMB/ton, remaining unchanged from the previous trading day.

② The average capacity utilization rate for the domestic acrylic acid industry was 66.33% today, holding steady compared to the previous day.

2. Spot Market Overview

Table 1: Domestic Acrylic Acid Price Summary (Unit: RMB/ton)

Data Source: Chempricehub Information

Today, acrylic acid prices in East China remained stable at 8,900 RMB/ton compared to the previous trading day. Feedstock propylene prices halted their decline and rebounded, strengthening cost support for acrylic acid and encouraging factories and traders to maintain firm quoting prices. Market sentiment was generally flat with moderate transaction volumes. Downstream follow-up pace slowed, and actual transaction centers shifted downward.

3. Production Dynamics

The average capacity utilization rate for the acrylic acid industry was 68.54% today, unchanged from the previous day. Profit margins for acrylic acid in East China were -265 RMB/ton, a decrease of 213 RMB/ton from the previous day.

4. Price Forecast

Although feedstock propylene prices have rebounded, the upside potential is limited, resulting in moderately strengthened cost-side support. Factories and inventory holders are maintaining firm quotes. While overall industry operating rates have declined, weak inventory levels and demand suggest that reduced spot supply is unlikely to drive price increases in the short term, as pressure transmission to the demand side remains limited. Overall market trading activity continues to be sluggish, with downstream transactions primarily consisting of small orders. It is projected that the acrylic acid market will trend stable but slightly weaker from the weekend into next week.

5. Related Products Status

Propylene: Today, propylene prices in Shandong rebounded after a decline. The mainstream closing reference price was 11,520–11,650 RMB/ton, with an average of 11,585 RMB/ton, an increase of 295 RMB/ton from the previous trading day. Transactions at individual high prices were scarce and excluded from the pricing basis. International oil prices recovered, combined with shutdowns of multiple PDH units, leading to tightened market supply. This boosted trader sentiment, prompting enterprises to raise quotes accordingly. Downstream buying interest was active, with significant premiums observed in actual auction transactions, causing the transaction center to shift upward significantly.

Butyl Acrylate: Negotiated prices for butyl acrylate in East China ranged from 9,800 to 10,000 RMB/ton, a drop of 250 RMB/ton from the previous trading day. Butyl acrylate prices experienced a broad decline today. The price center of feedstock n-butanol continued to probe lower, weakening cost support for butyl acrylate. Inventory holders quoted prices in line with market trends. Downstream tape master roll manufacturers and acrylic emulsion plants followed up with rigid-demand purchases. Market atmosphere was sluggish, and the transaction center declined broadly.

6. Data Calendar

Table 4: Domestic Acrylic Acid Data Overview

Data Source: Chempricehub Information
Remarks:

1. ↓↑ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuations, highlighting data dimensions with changes within 0-3%.