Business news on April 17

1、 Acrylic price trend:

According to the data of the business club's bulk list, the acrylic acid market rose sharply this week. As of April 17, the average price of acrylic acid enterprises was 7900 yuan / ton, up 25.4% compared with the beginning of the week and 30.94% compared with last Friday (April 10).

2、 Market analysis:

Product: acrylic acid market continues to push up recently. Last weekend, the raw material propylene rose sharply. Under the pressure of cost, the industry rose in all directions. The downstream inquiry and purchase were active. Under the cost pull, the focus of acrylic acid market negotiation moved up. On the 14th, the average price of acrylic acid enterprises rose to 7366.67 yuan / ton. After the sharp rise, the price of raw propylene fell sharply on the 14th and returned to rationality. On the 15th, the propylene market in Shandong continued to decline, and the price of acrylic acid remained firm and upward. The supply and demand side dominated the market, and the pace of trade and investment was fair. On the 17th, the domestic acrylic acid market was stable at a high level, with the mainstream price around 7600-8300 yuan / ton.

Industrial chain: on April 17, the market price of propylene in Shandong still fell slightly. Last month, the price of propylene in Shandong Province fell in shock. At the end of the month, it fell sharply again, with a monthly decline of more than 15%. On the first day, the price continued to decline by 100-200 yuan / ton, and on the second day, it still declined by 50 yuan / ton. On the third day, the price of some enterprises slightly increased by 50-100 yuan / ton. After the Qing Dynasty, the price of propylene increased steadily. On the seventh day, the price began to rise by 100 yuan / ton, and on the tenth day, it rose by 200-300 yuan / ton, while on the 11th day of Saturday, it rose by more than 1000 yuan / ton. On the 12th day of Sunday, it continued to soar by 1000-5000 yuan / ton, Monday After the sharp rise on weekends, the market may need to digest, and the price remained unchanged on the 13th. On the 14th, most of the enterprises' prices dropped by 1000 yuan / ton, and some of them recovered to the price before the sharp rise. On the 15th, the price dropped by 500-1000 yuan / ton. On the 16th, the price continued to drop by 200 yuan / ton. Today, the price still dropped by 400 yuan / ton. Now, the market transaction is between 5900-6500 yuan / ton. The main reason is that The current price is about 5900 yuan / ton.

Industry: according to the price monitoring of the business agency, there are 12 kinds of commodities in the rise and fall list of bulk commodity prices on April 16, 2020, among which there are 3 kinds of commodities with an increase rate of more than 5%, accounting for 3.4% of the number of commodities monitored in this sector; the top 3 commodities with an increase rate are crude benzene (15.55%), DOP (6.08%) and acrylic acid (5.80%). There are 10 kinds of commodities falling on a month on month basis, and there are 3 kinds of commodities falling by more than 5%, accounting for 3.4% of the number of commodities monitored in this sector; the top 3 products falling are propane (- 7.34%), propylene oxide (- 6.46%) and polysilicon (- 6.13%). The average rise and fall of this day was 0.05%.

3、 Future forecast:

According to the acrylic analyst of business association, the current trading atmosphere of acrylic acid market is fair. Under the influence of supply and demand, it is expected that in the short term, the acrylic acid market will be dominated by high and strong operation, and more attention should be paid to the information guidance of all aspects of the market.

(source: Business Club)