According to the bulk list data of business society, as of August 13, the average quotation price of acrylic acid in East China was 15600 yuan / ton, which was flat compared with Monday’s price, increased by 29.64% compared with July 13, and increased by 44% year-on-year in a three-month cycle.

In July, the acrylic acid market rose steadily, with a monthly increase of 27.35%. In August, the tight balance between supply and demand supported the continued rise of the acrylic acid market, and the market was running at a high level this week. Recently, the overall supply of the market is still tight, but with the price rising to a high level, the resistance of the downstream to high priced raw materials is increasing, the enthusiasm for inquiry is general, just need to purchase, the wait-and-see atmosphere is strong, and the price runs smoothly.

Upstream propylene, according to the bulk list data of business society, as of August 12, the reference price of propylene was 7723.09, an increase of 0.95% compared with Monday’s price. Downstream procurement enthusiasm has been improved, and the market trading atmosphere is acceptable.

Acrylic acid analysts of business society believe that, on the whole, the recent price rise of raw material propylene has little impact on the cost. The downstream just needs to purchase, and the market trading is stable and orderly. It is expected that the acrylic acid market may be stable in the short term, and more attention should be paid to the guidance of market news.