According to the data of the block list of business cooperatives, the average price of acrylic acid in East China was 6800.00 yuan/ton as of December 15, up 1.49% from Monday.

The acrylic acid market rose steadily this week (12.12-12.15). Recently, the price of raw propylene has risen, and the cost pressure has increased. In addition, the load rate of the production enterprises is not high, the spot quantity is relatively small, the enthusiasm of market inquiry has increased, the negotiation is moderate and the price focus of acrylic acid has risen.

For upstream propylene, the domestic propylene (Shandong) market rose this week. According to the data monitoring of the business community, the reference price of propylene was 7618.60 on December 14, up 2.47% compared with December 12 (7430.60).

According to the acrylic analysts of the business community, at present, the cost support is strong, the plant load is low, and the market transaction is more active than in the early stage, but the actual demand is still average. The cautious wait-and-see attitude still exists. It is expected that the acrylic market will operate stably, moderately and strongly in the short term, and more attention should be paid to the market news guidance.