According to the bulk list data of business cooperatives, the average price of acrylic acid in East China was 8666.67 yuan/ton as of September 29, up 14.54% compared with September 1, down 37.80% year on year in a three-month cycle, and down 52.81% compared with the same period last year.

In September, the overall trend of acrylic acid market rose, and the prices of some enterprises decreased at the end of the month. In the first half of the year, the market price of raw propylene gradually rose, the cost support gradually rose, some enterprises’ equipment maintenance reduced the supply, the downstream stock was orderly before the Mid Autumn Festival, the market price was strong, the cost support was firm after the festival, the industry started to decline, and the downstream operating rate was comprehensively improved, which supported the steady rise of acrylic acid price. In the late ten days, the market was stable and weak. The raw propylene was stable first and then rose. The cost pressure remained, but the demand was flat, the buying was average, and the early inventory was more digested. Near the end of the month, the downstream stock was gradually approaching the end, and the manufacturer’s quotation was stable and slightly changed.

On September 28, the benchmark price of upstream propylene in the business community was 7610.60 yuan/ton, up 7.18% from September 1 (7100.60 yuan/ton).

According to the acrylic analysts of the business community, the cost support is still there, the holiday is approaching, the downstream customers have basically completed their stock preparation, and the market trading atmosphere is stable. It is expected that the acrylic market will be mainly stable in the short term, and more attention should be paid to the changes in market news.