This week, due to the increase in production capacity and fluctuations in raw material prices, the supply and demand pattern of the acrylic acid market may remain relatively stable. As of November 12th, the benchmark price of acrylic acid in Shengyi Society was 6850.00 yuan/ton, an increase of 0.18% compared to the beginning of this month (6837.50 yuan/ton).
1、 Market supply and demand situation
Supply side:
Recently, some enterprises have resumed work and supplemented local supply, which has eased the tight supply situation in some areas. However, due to the rise in acrylic acid prices, the production costs of some manufacturers have increased, which has had a certain impact on market supply. Nevertheless, the overall supply side remains stable, providing sufficient support for the market.
Demand side:
The demand for acrylic acid in downstream industries has maintained stable growth. With the increasing demand for chemical raw materials such as acrylic acid in downstream industries such as coatings, adhesives, textiles, plastics, etc. However, due to price increases, some downstream companies may adopt a wait-and-see attitude and replenish as needed, rather than stockpiling in large quantities.
2、 Fluctuations in raw material prices
The fluctuation of propylene prices directly affects the production cost of acrylic acid. Despite the recent decrease in propylene prices, the previous high prices may still have a lagging impact on the production cost of acrylic acid. As of November 12th, the benchmark price of propylene in Shengyi Society was 6790.75 yuan/ton, a decrease of 0.39% compared to the beginning of this month (6818.00 yuan/ton)
3、 Future prospects
Under the favorable guidance of the combination of supply and demand and cost, the price of acrylic acid in the market is expected to continue to operate steadily. However, it is also important to note the following risk factors:
Fluctuations in raw material prices: Further fluctuations in propylene prices may have an impact on the production costs and prices of acrylic acid.
Changes in downstream demand: If the growth of downstream demand slows down or falls back, it will put pressure on the price of acrylic acid market.
Changes in policy environment: Changes in domestic and international policies may also have an impact on the acrylic acid market.
In summary, despite the decrease in the price of raw material propylene, the market price of acrylic acid still shows a strong trend of operation. This is mainly due to the tight supply and demand pattern in the market, the impact of raw material costs, and the combined effect of market atmosphere and investor mentality. The future market price of acrylic acid will continue to be influenced and constrained by various factors, and investors and downstream enterprises need to closely monitor market dynamics and price changes in order to adjust investment strategies and procurement plans in a timely manner.
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