I. Acrylic acid price trend:

Acrylic acid market has risen this week, according to a large list of business associations. The average acrylic acid price as of August 16 was 7833.33 yuan/ton, up 1.73% from the beginning of the week and 2.17% from August 1.

II. Market analysis:

Products: Acrylic acid market prices rose this week. Manufacturers are more cautious, the supply of goods is generally sold, the overall market wait-and-see atmosphere is heavy. As of Friday, the price of acrylic acid in Shandong Yukang Chemical Co., Ltd. has been stable for a short time, with 7,400 yuan per ton of propionic acid. The specific transaction price is on the spot. The price of acrylic acid in Wanhua Chemical Petrochemical Company has remained stable, with the main supply contract and stable customers. At present, the price of acrylic acid is 8,000 yuan per ton.

Industry Chain: The market price of propylene in Shandong upstream rose this week. Prices of propylene enterprises in Shandong Province maintained stable in early August, declining continuously from 5 to 8 days, totaling 450-500 yuan/ton, rising from 14 days to 14 days, and stabilizing from 15 days. Currently, the market turnover is about 7650-7800 yuan/ton, and the mainstream price is about 7700 yuan/ton. The downstream demand is stable, and the purchase of acrylic acid is the main demand.

3. Future market forecast:

Acrylic acid analysts of business associations believe that the rising price of propylene in the upstream has a certain positive support for acrylic acid, but the main factor restricting the market price to continue to rise is the demand side. More attention should be paid to the transaction situation in the mainstream market. It is expected that the acrylic acid market will be stable next week.