Weak demand drives continued decline in acrylic acid prices

1. Daily Summary

① Acrylic acid price in East China: 8,100 RMB/ton, down 100 RMB/ton from the previous business day.

② Average domestic acrylic acid industry capacity utilization rate today: 69.25%, unchanged from the previous business day.

2. Spot Market Overview

Table 1: Domestic Acrylic Acid Price Summary (Unit: RMB/ton)

Data Source: Chempricehub

Today's acrylic acid price in East China was 8,000 RMB/ton, a decrease of 150 RMB/ton compared to the previous business day. The propylene feedstock traded weakly within its range, weakening support for acrylic acid prices. Factories and traders quoted prices according to market trends, with some holders offering discounts to facilitate sales. Inquiry activity in the market was relatively active today, but actual transactions were limited; downstream buyers focused on low-price inquiries and small-volume orders.

3. Production Dynamics

Today's acrylic acid capacity utilization rate stood at 69.25%, remaining flat compared to the previous business day. Profit margins for acrylic acid in East China were -316 RMB/ton, decreasing by 14 RMB/ton from the previous day.

4. Price Forecast

The cost of propylene continues its trend of fluctuating downward. Factories and inventory holders are quoting prices based on current market conditions, with some potentially offering discounts to sell. As the new contract period approaches, downstream inquiry pace is gradually picking up, with some buyers seeking low-price opportunities for restocking small volumes. It is expected that the acrylic acid market will continue to decline tomorrow, though the downside potential is limited.

5. Related Products

Propylene: Today, the propylene market price in Shandong experienced a significant drop. The mainstream closing reference price was 10,200-10,350 RMB/ton, with an average of 10,275 RMB/ton, down 200 RMB/ton from the previous business day. Cautious sentiment persists in the market, exacerbated by localized demand weakness, which has suppressed overall buying momentum. Sales pressure on producers has increased, leading to wider discounting in quotes and a continued downward shift in transaction centers. However, as prices hit lower levels, trading activity showed slight improvement.

Butyl Acrylate: The negotiated price for butyl acrylate in East China ranged from 9,500 to 9,700 RMB/ton, down 50 RMB/ton from the previous business day. Today, butyl acrylate prices continued their fluctuating downward trend. While propylene prices declined further, n-butanol prices remained largely stable with minor adjustments. Cost pressures on butyl acrylate persist. Butyl acrylate factories quoted prices according to market trends. Downstream tape master roll manufacturers and acrylic emulsion plants primarily consumed existing contracts and inventory, with only some rigid-demand inquiries. Consequently, the market transaction center continued to drift downward amidst fluctuations.

6. Data Calendar

Table 4: Domestic Acrylic Acid Data Overview

Data Source: Chempricehub
Notes:

1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range volatility, highlighting data dimensions with changes within 0-3%.