According to the bulk list data of business society, as of November 17, the average quotation price of acrylic acid in East China was 17400 yuan / ton, down 0.95% from last Thursday (November 11) and 5.95% from October 17.

The acrylic acid market was weak this week (11.11-11.17). Recently, the price of raw material propylene is weak, the cost support is loose, and the market supply is abundant, but the demand side is light, the downstream buying mentality is cautious, the operation enthusiasm is not high, the wait-and-see atmosphere is strong, the market transaction at high prices is weak, and the price of acrylic acid is weak.

For upstream propylene, the overall propylene market in Shandong decreased by 100 yuan / ton on the 16th, and the average propylene price in Shandong was 7792 yuan / ton, down 1.33% from the 15th. The downstream gas buying is insufficient, especially the weakness of polypropylene, the main demand, is difficult to change. Propylene enterprises take the goods in line with the trend, and the price is reduced. There is no obvious positive effect on the propylene market, and it is expected that the propylene market will be weak in the near future.

According to the acrylic acid analysts of business society, at present, the price of raw propylene is declining, the cost support is insufficient, and the market demand is low, while the supply is relatively sufficient. It is expected that the acrylic acid market may be dominated by weak operation in the short term.