Weak demand for cost pass-through amid a volatile upward trend in acrylic acid prices

1. Today's Summary

① Acrylic acid prices in East China were 8,400 RMB/ton, up 100 RMB/ton from the previous working day.

② The average capacity utilization rate of the domestic acrylic acid industry was 61.06%, unchanged from the previous working day.

2. Spot Market Overview

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

Data Source: Chempricehub

Today, acrylic acid prices in East China stood at 8,400 RMB/ton, an increase of 100 RMB/ton compared to the previous working day. Feedstock propylene prices fluctuated within a range but trended upward, continuing to provide support for acrylic acid prices. Producers and traders maintained firm offers today. Market sentiment was generally flat with moderate transaction volumes; downstream follow-up slowed, and actual transaction negotiations centered on wide price ranges.

(Figure 1 and Figure 2 omitted as per instructions)

3. Production Dynamics

Today, the average capacity utilization rate of the acrylic acid industry was 61.06%, unchanged from the previous working day. The profit margin for acrylic acid in East China was -357 RMB/ton, an improvement of 82.25 RMB/ton compared to the previous day.

(Figure 3 and Figure 4 omitted as per instructions)

4. Price Forecast

Feedstock propylene prices rebounded and remained firm at high levels, strengthening cost-side support. Producers and inventory holders continued to maintain firm offers. Market trading activity was subdued, with downstream transactions primarily consisting of small orders, resulting in average turnover. The acrylic acid market is expected to continue operating at elevated levels with a slightly bullish trend tomorrow.

5. Related Products Status

Propylene: Today, the propylene market in Shandong rebounded after a decline. Mainstream closing reference prices were 11,000–11,100 RMB/ton, with an average of 11,050 RMB/ton, up 200 RMB/ton from the previous working day. Enterprise inventories remained low, limiting willingness to offer discounts. Most quotes held steady, while some saw slight increases. Downstream procurement follow-up was acceptable, with notable premiums in actual auction bids, driving the weighted average transaction price higher.

Butyl Acrylate: The negotiated price for butyl acrylate in East China was 9,700–9,800 RMB/ton, up 50 RMB/ton from the previous working day. Butyl acrylate prices continued to rise today. While n-butanol prices fluctuated within a range and acrylic acid prices stabilized, the cost pressure on butyl acrylate remained significant. Inventory holders raised their offer centers, reducing low-price availability. Downstream tape core manufacturers and acrylic emulsion plants were cautious in spot purchases, following up mainly with small-volume demand-driven buying. The market traded with oscillating upward momentum.

6. Data Calendar

Table 4: Domestic Acrylic Acid Data Overview

Data Source: Chempricehub

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