According to the Commodity Market Analysis System of the Business Society, as of April 27th, the average price of acrylic acid in the East China region was 6800.00 yuan/ton, a decrease of 4.23% compared to the price on April 1st.

The acrylic acid market slightly declined in April. In the early days, the price of raw material propylene was narrowed, with some support from the cost side and an increase in supply side operating rates. However, downstream enterprises have low operating loads, and some are just in need of buying on dips. The market mentality is cautious, and the price center of acrylic acid has declined. In the middle of the month, the price of raw material propylene first rose and then fell, with limited cost impact. Some factories on the supply side have completed maintenance, and downstream procurement is mainly in demand. The market trading atmosphere is average, and acrylic acid companies’ prices are mainly stable, while some companies’ prices are adjusted. In the latter half of the year, the price of raw material propylene fluctuated and sorted out, with little impact on the cost side. Downstream stores were prepared according to demand before festivals, and market negotiations were mild and orderly. The price center of acrylic acid was mainly stable.

Upstream propylene, according to the Commodity Market Analysis System of Business Society, on April 26th, the reference price for propylene was 7130.60, a decrease of 0.11% compared to April 1st (7138.60).

Acrylic acid analysts from Business Society believe that the current cost support is still acceptable, with downstream inquiries and purchases mainly in demand. The market atmosphere is average, and it is expected that the acrylic acid market may be on the sidelines for consolidation in the short term, and more attention needs to be paid to market news guidance.