The acrylic acid market has been operating weakly recently. According to the Commodity Market Analysis System of Business Society, as of March 5th, the average quoted price of acrylic acid in East China was 6175.00 yuan/ton, a decrease of 1.00% compared to last Wednesday (February 18th).

Factors affecting the price of acrylic acid:

Cost side: According to the commodity market analysis system of Shengyishe, on March 4th, the reference price for propylene was 6863.25, a decrease of 0.11% compared to March 1st (6870.75). Recently, the raw material propylene market has experienced narrow fluctuations and consolidation, with moderate support for the acrylic acid market.

Supply and demand side: In recent times, the demand side has been dragging the market, with the terminal market mainly being wait-and-see. Downstream new orders have limited transactions, and the purchasing attitude towards the acrylic acid market is cautious. Enterprises are not smooth in shipping, and some discounts are used to promote transactions. The focus of negotiations in the acrylic acid market has decreased.

The acrylic acid analyst from Business Society believes that the short-term cost support is limited, downstream manufacturers have poor purchasing sentiment, and multi-dimensional small orders in demand are being followed up. The market atmosphere is light, and it is expected that the acrylic acid market will continue to operate weakly in the short term. More attention should be paid to market news guidance.