1、 Acrylic price trend:

The average price of acrylic acid enterprises as of February 24 was 7166.67 yuan / ton, up 1.42% compared with that of last Monday (February 17), and down 3.59% year-on-year in a three-month cycle, according to the bulk list of business associations. The main quotation of acrylic acid in China was around 7000-7300 yuan / ton on the 24th.

2、 Market analysis:

Product: acrylic market rose on February 24. The industry’s operating rate is very low, and the market supply is mainly to digest inventory. With the easing of transportation restrictions, the resumption of work is comprehensively promoted, and market trading is increasingly active. At present, the price of acrylic acid in Shandong Yukang Chemical Co., Ltd. is 7600 yuan / ton for puic acid, 8100 yuan / ton for refined acid, and the specific transaction price is actually discussed; the price of acrylic acid in Jinan aochen Chemical Co., Ltd. is 7500 yuan / ton for puic acid, 8500 yuan / ton for refined acid, and the specific transaction price is actually discussed; the price of acrylic acid in Wanhua chemical and Petrochemical Co., Ltd. is stable, mainly for contracts and stable customers. At present, acrylic acid The price is 7000 yuan / ton.

On February 24, the acrylic acid commodity index was 35.94, up 0.51 points from yesterday, down 64.06% from the cycle’s highest point of 100.00 (2011-09-01), and up 46.28% from the lowest point of 24.57 on November 26, 2015. (Note: cycle refers to 2011-09-01 to now)

Industrial chain: on February 24, the market turnover of the upstream propylene in Shandong is about 6600-6800 yuan / ton, and the mainstream price is about 6600 yuan / ton. At present, there are still many units in the upstream which are shut down for maintenance. In the short term, the supply is difficult to recover, and the propylene output is small. However, the terminal manufacturers have started to resume work one after another, and the logistics and transportation have also recovered. In the later period, the downstream of propylene oxide and acrylonitrile are expected to further recover. The demand for propylene is obviously increased, and the PP futures market continues to climb. Recently, the market digests the previous increase. Therefore, it is expected that in the short term, C The market price of alkene may be stable.

Industry: according to the price monitoring of the business agency, there are 15 kinds of commodities rising month on month in the price list of bulk commodities on February 24, 2020, including 1 kind of commodity rising by more than 5%, accounting for 1.2% of the number of commodities monitored in this sector; the top three commodities are fluorite (6.84%), urea (3.17%) and hydrochloric acid (2.81%). There are 14 kinds of commodities decreased on a month on month basis, and 1 kind of commodities decreased by more than 5%, accounting for 1.2% of the number of commodities monitored in this sector; the top three products decreased were hydrogen peroxide (- 8.36%), chloroform (- 2.44%) and phenol (- 1.81%). The average rise and fall of this day is 0.03%.

3、 Future forecast:

According to the acrylic analyst of the business club, in the near future, the cost of raw material propylene has increased significantly, and the operating rate of acrylic acid manufacturers is close to the bottom, mainly to digest inventory. The downstream demand is further recovering. It is expected that in the short term, the acrylic acid Market will be mainly stable, and more attention should be paid to the raw material price and the transaction situation in the mainstream market.