According to the data of the business club’s block list, as of July 21, the average quotation price of acrylic acid in East China was 12733.33 yuan / ton, up 17.90% compared with June 21, up 26.91% year-on-year in a three-month cycle, and up 79.76% compared with the same period last year.

In the past month, the domestic acrylic acid market has been rising actively and the market has been running strongly. The tight balance between supply and demand is the main factor supporting the rise of market prices. The overseas devices are abnormal, the export inquiries have increased significantly, the export orders of mainstream enterprises have been delivered in an orderly manner, and some domestic enterprises have shut down their devices for maintenance. As a result, the market supply is tight, the atmosphere of delivery and investment is active, and the focus of real order negotiation continues to rise. In late June, affected by the news of traffic restriction of some regional logistics, the lower reaches prepared goods in advance, and the inquiry and transaction were active, which pushed up the atmosphere strongly. Since July, the spot supply in the market has remained tight, and it is difficult to find low-cost goods. Recently, the price of raw propylene has risen, the cost support has been strengthened, the downstream replenishment demand is positive, and the price focus has further increased.

Upstream propylene, according to the data of the business club’s block list, as of July 20, the reference price of propylene was 7673.09, up 0.21% compared with Monday’s price. The overall trading atmosphere of the market was acceptable, and the market rose slightly.

According to the acrylic acid analysts of business news agency, generally speaking, the current price of raw material propylene is relatively strong, which gives some support to the market. The acrylic acid industry is under construction, the market transactions are positive and orderly, and the tight balance between supply and demand continues. It is expected that the acrylic acid market will be mainly strong in the short term, and more attention should be paid to the market information guidance.