According to the bulk list data of the Business Agency, the average price of acrylic acid in East China was 8050.00 yuan/ton as of February 28, up 4.55% from February 1.

The acrylic acid market rose first and then fell in February. In the first ten days, the price of raw material propylene rose, the cost support increased, the industry inventory was low, and the downstream market returned, the demand gradually increased, the market inquiry was positive, and the focus of acrylic acid negotiation was steadily improved. In the middle and late ten days, the raw material propylene market was shaken and sorted out, and the cost support remained. The supply side production enterprises’ device load was not high, which supported the market rise. The market transaction was just needed. After the rise, the downstream procurement mentality was cautious, the terminal demand followed up slowly, the enthusiasm for raw material procurement was general, and the focus of the acrylic acid market negotiation was loose.

Upstream propylene, according to the bulk list data of Business News Agency, the reference price of propylene was 7426.60 on February 27, down 1.38% from February 1 (7530.75).

The acrylic acid analyst of the Business Society believes that the current price of raw material propylene is weak, the cost support is general, the market is wait-and-see operation, and the downstream demand is gradually warming up. With the support of the supply and demand side, the acrylic acid market is expected to be stable in the short term, and more attention needs to be paid to the guidance of market news.