According to the data of "Mobei Market", the acrylic acid market is tightly supplied and the market is running steadily. At present, the quotation in East China has exceeded the 15,000 yuan/ton mark, an increase of more than 43% compared to the beginning of May.
Acrylic acid is an unsaturated carboxylic acid with a wide range of downstream applications. It is an important intermediate between bulk petrochemical products and downstream fine chemical products. 60% is used to produce acrylates, of which butyl acrylate is the main acrylate product. In 2020, the domestic production capacity of butyl acrylate is about 2.66 million tons, the output is about 1.9 million tons, and the operating rate is about 71.5%.
In 2020, the global acrylic acid production capacity is about 9 million tons, and China's production capacity is about 3.5 million tons, accounting for about 40% of the production capacity. BASF, Dow DuPont, Arkema, and Nippon Shokubai are the world's top four companies, with a CR4 of about 45%. The total production capacity of the world's top ten is about 6.78 million tons, and CR10 is about 75%. In 2020, the domestic acrylic acid production capacity will be about 3.35 million tons, the output will be about 2.8 million tons, and the operating rate will be about 83.5%.
Acrylic price trend
After the adjustment in March and April, acrylic acid maintained a sideways trend in May. The market rebounded in early June and the price began to rise steadily. By July, the rate of increase accelerated, with a rise of 27.35% that month. It is reported that in July, the acrylic acid market export inquiries increased sharply, the export orders of mainstream enterprises were delivered in an orderly manner, the industry inventory was low, and some enterprises were shut down for maintenance. In addition, due to the impact of the typhoon at the end of July, the supply of factories in some areas was limited, the market supply and demand were tightly balanced, and the price center continued to move upward. Entering August, some factories have been overhauled one after another, the overall market supply is tight, the transaction atmosphere is fair, and acrylic acid is still gaining momentum.
On the whole, the current raw material propylene is mainly stable in price, and the cost impact is limited. The continued tight spot supply is still the main factor supporting the market. It is expected that the acrylic acid market may be strong in the short term.
Source: Mobile Public Account
