I. Acrylic acid price trend:

The average price of acrylic acid was 8066.67 yuan per ton as of September 20, according to the data of the business association’s list. The market of acrylic acid was mainly stable, which was flat compared with the beginning of the week, and increased by 2.98% compared with August 20.

II. Market analysis:

Product: Acrylic acid market prices are running smoothly this week. The fluctuation of supply and demand in the market is not large, and the downstream buying is just in demand. As of the 20th, the price of acrylic acid in Shandong Yukang Chemical Co., Ltd. was temporarily stable, with 8,200 yuan per ton of propionic acid. The specific transaction price was honest. The price of acrylic acid in Wanhua Chemical Petrochemical Company remained stable, with the main supply contract and stable customers. At present, the price of acrylic acid is 7,900 yuan per ton.

Industry chain: This week, the market price of propylene in Shandong upstream rose sharply and then slowly fell, with a weekly increase of 0.69%. The prices of propylene enterprises in Shandong rose by about 300/ton on the 16th and 17th, and remained flat on the 18th. The prices of propylene enterprises slightly declined on the 19th and 20th. At present, the market turnover is around 7850-8150 yuan/ton, and the mainstream price is 7850 yuan/ton. Load of downstream start-up is stable, acrylic acid market inquiry replenishment just needed, more wait-and-see mentality.

Industry: According to the price monitoring of business associations, in the 37 th week of 2019 (9.16-9.20), there were 41 kinds of commodities rising annually in the chemical sector, 11 of which increased by more than 5%, accounting for 13.1% of the monitored commodities in the sector; the first three commodities were hydrochloric acid (157.14%), caustic soda (18.47%) and acetone (13.86%). There are 17 kinds of commodities decreased on a month on month basis, with a total of 1 kind of commodities falling by more than 5%, accounting for 1.2% of the number of commodities monitored in the sector; the top three products decreased were dichloromethane (- 5.19%), trichloromethane (- 4.17%) and sulfuric acid (- 2.98%). This week’s average rise and fall was 3.64%.

3. Future market forecast:

Acrylic acid analysts believe that raw propylene market prices rose slightly, the cost of acrylic acid support is limited, downstream buying just needed, cautious wait-and-see. It is expected that the acrylic acid market will be stable in the short term, and more attention should be paid to the transaction situation in the mainstream market.