Acrylic acid prices dragged down two shares

Under the influence of the upstream propylene market, the price of acrylic acid was weak, the ex-factory price dropped sharply, and the listed company’s share price also reacted. Yesterday, satellite petrochemical fell 2.70%, Shenyang Chemicals fell 0.25%.

According to the business community price data monitoring, as of yesterday, the average price of acrylic acid has dropped to about 11,200 yuan / ton, about 13,200 yuan sour acid, compared with the price drop of more than 23% in early November. At present, many domestic companies have ample supply of acrylic acid, but the sales atmosphere is poor, and the downstream delivery is not smooth, and shipping is hindered.

Business Society Chemical Branch acrylic acid analyst Fu Shan believes that, at present, acrylic acid has entered the off-season sales in December, the current lack of effective demand, the cash supply is very sufficient, the manufacturers have strong demand for shipments, while the downstream demand is weak, buyers leave the market wait and see, deal The volume continued to shrink, leading to a sharp drop in market prices. In addition, the general depression of the trader's mentality, coupled with the traditional thinking of buying up and down, will make the short-term acrylic market continue to oscillate down.

According to Liang Wanzhang, Chief Analyst of United Fortune, the domestic acrylic acid producers are mainly satellite petrochemical and Shenyang chemical. From the performance of the secondary market, both stocks are in a downtrend channel, and acrylic acid prices continue to decline. Buyers often hold negative attitudes toward the company. Performance will have a negative impact.