1、 Acrylic price trend:

(Figure: P value curve of acrylic acid product)

2、 Market analysis:

On June 24, acrylic acid market was running smoothly. The average price of acrylic acid in East China as of June 24 was 7733.33 yuan / ton, which was the same as that at the beginning of the week, down 10.08% compared with that on June 1, according to the data in the large list of business agencies.

At present, there is sufficient spot supply in the market. The downstream purchases are mainly on demand. The stock up is basically completed before the festival. The atmosphere in the market is slightly light, the market fluctuation is limited, the market is stable, and the wait-and-see atmosphere is strong.

According to the data monitoring of business agency, the price of acrylic acid in some enterprises in the near future (for reference only, the actual transaction price is mainly negotiated):

On June 24th, the market price of upstream propylene in Shandong fell slightly. According to the price of the business agency, the propylene market in Shandong increased by 250 yuan / ton in one week at the beginning of June, and there was a significant correction in the price in the middle of June, with a cumulative drop of 350 yuan / ton in the seventh day of the second week. From June 14 in the middle of the month, the price stopped falling again and picked up again. On June 19 last Friday, the price has risen 350-450 yuan / ton in a row. At the end of the week, the price has been stable and has fallen since 22. Today, it is still down about 100 yuan / ton. Now, it has fallen about 200 yuan / ton. Now, the market turnover is between 6600-6950 yuan / ton, and the mainstream price is about 6650 yuan / ton. At present, the inventory pressure of propylene manufacturers is slightly increased, and the shipment situation is cold, which has a certain negative impact on acrylic acid.

3、 Future forecast:

According to the acrylic analysts of the business club, at present, the price of raw material propylene has fallen, the cost support is insufficient, and the trading atmosphere in the market is light. It is expected that in the short term, the acrylic market will be dominated by weak and stable operation, and more attention should be paid to the change of raw material price and the transaction situation in the mainstream market.