1、 Acrylic price trend:

(Figure: p-value curve of acrylic acid product source: Commodity analysis system of Business Club)

2、 Market analysis:

Product: according to the data of the business club’s large list, the average price of acrylic acid enterprises as of March 6 was 7200 yuan / ton, up 0.47% compared with Monday, and down 10% compared with the same period of three months. On June 6, the main price of acrylic acid in China was about 7000-7400 yuan / ton. In the near future, the price of raw material propylene has increased, the cost support has been strengthened, the industry is still at a low level, and the downstream demand is gradually large, and the price of acrylic acid is rising steadily. On June 6, the price of acrylic acid in Wanhua chemical and Petrochemical Co., Ltd. remained stable, mainly for contracts and stable customers. The price of acrylic acid was 7000 yuan / ton.

Industrial chain: the market price of propylene in Shandong region in the upstream rose this week (3.2-3.6). In March, the decline trend of Shandong propylene price in the early stage of reform began. On the first day, the prices of some enterprises rose slightly. On the second day, the prices of the whole line rose slightly. On the third and the fourth day, the prices of most enterprises generally rose. On the fifth day, the prices of some enterprises increased by about 50-100 yuan / ton. On the sixth day, the prices of individual enterprises fluctuated up and down. The current market transactions are still between 6600-6800 yuan / ton, and the mainstream prices are between 6600-6650 yuan / ton.

Industry: according to the price monitoring of the business agency, in the list of commodity prices rising and falling in the 9th week of 2020 (3.2-3.6), there are 23 kinds of commodities in the chemical sector, among which there are 2 kinds of commodities with an increase of more than 5%, accounting for 2.3% of the number of commodities monitored in the sector; the top 3 commodities are sulfur (8.38%), sulfuric acid (7.78%) and propylene (4.36%). There are 30 commodities with a decline of 5% or more, accounting for 1.1% of the monitored commodities in the sector; the top three products with a decline are epichlorohydrin (- 6.28%), mixed xylene (- 4.46%) and ethanol (- 4.39%). This week’s average was – 0.35%.

3、 Future forecast:

According to the acrylic analyst of the business association, the industry is still at a low level. With the gradual recovery of downstream demand and the increase of just need procurement, it is expected that the acrylic market will stabilize in the short term, with more attention to the change of raw material propylene price.