Feedstock: Feedstock propylene rose sharply, significantly increasing cost-side pressure.
Operating rate: The overall operating rate of acrylic acid enterprises this week was assessed at 69.41%, down 1.29% from the previous period.
Domestic Acrylic Acid Market Price Weekly Change Table
Unit: CNY/mt
| Product | Region | Last Week | This Week | Change | Change (%) |
|---|---|---|---|---|---|
| Acrylic Acid | Jiangsu | 7,590 | 7,730 | +140 | +1.84% |
| Shandong | 7,470 | 7,580 | +110 | +1.47% | |
| Guangdong | 7,860 | 7,920 | +210 | +2.65% |
Summary: This week, the East China acrylic acid market remained firm. Mainstream quotations were at CNY 7,730/mt, up CNY 140/mt from last week, a week-on-week increase of 1.84%. Cost-side support continued to strengthen as upstream propylene feedstock prices rose sharply. On the supply side, the Tianjin Bohua unit reduced its operating load, and overall industry capacity utilization declined somewhat; acrylic acid producers and traders kept quotations firm. On the demand side, downstream specialty ester and SAP producers mainly consumed previously contracted cargoes and their own inventories, while some rigid-demand orders made cautious inquiries and followed up. Overall market trading sentiment was acceptable, and the negotiation center for actual transactions moved steadily upward.
Some negotiations for East China acrylic acid were around CNY 7,950/mt; the industry operating rate was 69.41%, down 1.29% from the previous period.
The operating rate of butyl acrylate plants was 56.04%, down 0.28% from the previous period; some East China negotiations were around CNY 9,450/mt.
Outlook: The East China acrylic acid market price is expected to retain upward momentum next week. Upstream propylene feedstock remains high and firm, providing strong cost-side support and forming a solid floor for acrylic acid prices. Although the supply side may improve slightly overall, the increase in market supply is limited, and factories and traders remain strongly inclined to support prices. Downstream specialty ester and SAP enterprises' rigid-demand purchasing continues to provide support, with most replenishing cautiously on an as-needed basis. Led by favorable cost factors, market trading sentiment is expected to remain stable, and the focus of actual order negotiations is likely to continue moving upward.
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