Domestic acrylic acid market data analysis in October

According to relevant data, the acrylic acid price has risen steadily this month and continues to hit new highs during the year. Among them, on October 1, 2012, the domestic acrylic acid acid factory price continued to stabilize at 12,333 yuan / ton, as of the 29th, the factory price was 16,767 yuan / ton, an increase of 35.95%.

At present, a number of enterprise installations are operating normally, and the overall inventory and sales are in good condition. However, due to the previous explosion of catalytic propylene tanks, the export of acrylic acid has increased, and the SAP industry has developed rapidly. As a result, consumption of acrylic acid has increased, and many companies have accidentally parked their vehicles. Many reasons such as the media's stir-fry have caused the acrylic acid price to rise steadily this month, continuing to hit new highs during the year.

At present, acrylic acid factory prices all show rising trend. As of the end of this month, satellite petrochemical acid plant price rose to 17,500 yuan / ton, Purified acid price 16,500 yuan / ton; Shenyang chemical acid Pu acid factory price rose to 15,500 yuan / ton; Shanghai China Yi acid acrylic acid ex-factory price rose to 17,300 yuan / ton, Pu acid temporarily reported 16,300 yuan / ton; Yangzi BASF acid acid 17,000 yuan / ton, Qilu Kaitai acid Pu acid 16,500 yuan / ton.

On September 29, the Japanese chemical plant catalyst company's acrylic tank exploded and caused a fire, and its factory has now ceased production. Catalysts is the world's fourth-largest acrylate producer with an annual production capacity of 580,000 tons/year, accounting for approximately 10.9% of the world's total production capacity. The explosion caused the company's 380,000 tons of acrylic devices to stop production, accounting for approximately 7.1% of the world's total production capacity. BASF announced on October 24 that it will raise the price of acrylic esters in the United States in November from 7 to 8 cents/lb from November 1.

Dow Chemical and Arkema, two other major U.S. manufacturers, also announced an acrylic acid price increase plan to increase the November contract price by a similar margin. In a letter to customers, BASF said that due to the increase in production costs, mainly due to rising costs of raw materials and energy, raising prices in November is necessary. The current US acrylic acid contract price is 1.09-1.13 US dollars / pound, which is the same as in September. American acrylate producers include Dow, Arkema, and BASF. Domestic acrylic acid prices are also bullish on acrylic.

Business Club believes that the soaring of acrylic acid is inextricably linked with the accidental explosion in Japan. With the one-month surge, the current increase has narrowed. Although the current price is already the highest point of this year's acrylic acid factory price quotation, we are still Do not rule out the market outlook is still possible up.