Many positive factors under acrylic acid or still remain room to rise

Recently, the raw material market to maintain growth, a variety of chemicals demand higher, enterprises are frequent price increases. Among them, acrylic acid by all aspects of the positive factors, the price has gone up.

Upstream propylene has been stopped by environmental inspectors

It is understood that the first batch of environmental inspectors "look back" is in full swing, as acrylic upstream propylene raw material manufacturers have issued parking, remediation and production announcements. The reduction in the supply of raw materials has become a positive factor in the price rise of acrylic acid market. At the same time, acrylic acid enterprises have also entered the maintenance period, the supply is also falling.

Downstream markets are booming to boost trading

It is understood that acrylic acid downstream such as coatings, adhesives market is booming. According to market research reports, the water-based resins market is projected to reach us $52.65 billion by 2023, at a cagR of 6.3% in 2018. Waterborne resin market growth should be attributed to coatings and adhesives, sealants and other areas of the increase in demand. In recent years, countries have set strict rules on VOCs emissions, which has led the industry to favor the use of water-based technologies over solvent-based technologies. In 2017, acrylic resins accounted for the largest share of the water-based resins market and are also expected to grow at the highest CAGR.

New capacity is small supply and demand is still unbalanced

First of all, the current acrylic emulsion in the peak season, east and south China factories run well; Secondly, the terminal and traders are not a lot of stock, the market just need to buy will continue to maintain a relatively steady state.

And the utilization rate is good at the low, from mid-May to July, the main domestic acrylic acid production enterprises into the maintenance period, nearly 900,000 tons/year of capacity will have maintenance.

High raw material prices positive. From the raw material propylene, recent prices continue to rise. Under the influence of environmental protection and safety inspectors, various propylene manufacturers have stopped cars to varying degrees recently. As a result, the supply of raw materials has decreased, becoming a positive factor for the price of acrylic acid market. At the same time, acrylic acid enterprises have also entered the maintenance period, the supply is also falling.

Then, acrylic acid as an important raw material of high water absorbent resin (SAP)?

SAP, as an important raw material in the sanitary products industry, has maintained a rapid growth in production in recent years. At present, in the peak season of late June, acrylic acid may still have room to rise, coupled with the shutdown of many propylene manufacturers, do not rule out the SAP market price may increase.