According to the bulk list data of business society, as of December 29, the average quotation price of acrylic acid in East China was 13200.00 yuan / ton, down 22.35% compared with that on December 1, and 28.13% year-on-year in a three-month cycle.

After the sharp decline of acrylic acid Market in December, the prices of some enterprises rose slightly. At the beginning of the month, the price of raw propylene was lowered, the cost support was weakened, the inventory of production plants was low, the downstream was mainly purchased on demand, and the market was weak and stable. With the price of raw propylene rising first and then falling, the supply of acrylic acid is sufficient, coupled with the weak follow-up of downstream demand, the market inquiry and transaction are depressed, and the price has fallen sharply. In the second half of the month, the market negotiation gradually bottomed out, the overseas mainstream units were force majeure, the export inquiry turned better, the prices of some enterprises increased, the raw propylene market was consolidated and operated, the cost support was limited, the downstream procurement was mainly on demand, and the market inquiry and transaction performance were general.

For upstream propylene, on December 29, the reference price of propylene was 7544.60, a decrease of 0.01% compared with December 1 (7545.50). On the 29th, the trend of propylene (Shandong) was stable and small, and individual enterprises adjusted slightly. The mainstream price of propylene in Shandong was 7550-7600 yuan / ton. The crude oil fluctuated upward, and the propylene price increased compared with that of last week under the boost of cost. However, the recent horizontal consolidation of mainstream downstream polypropylene made it difficult to significantly improve the propylene procurement.

Acrylic acid analysts of business society believe that at present, the price of raw material propylene is mainly stable, with little impact on the cost, and the downstream goods are mainly prepared on demand. It is expected that the acrylic acid market may be consolidated and operated stably in the short term, and more attention should be paid to the guidance of market news.