丙烯酸价格创年内高点

Core Viewpoint - The acrylic acid market has rebounded since mid-May, with prices reaching a new high of 7966.67 yuan per ton by May 28, driven by supply tightening and increased demand, although the momentum may not be sustainable post-holiday [1][2][4]. Group 1: Market Trends - The acrylic acid market has shown a W-shaped trend in 2023, with two rounds of recovery leading to the recent peak, with prices nearing the 10,000 yuan mark [2]. - The first round of recovery occurred from early March to early April, where prices fell to a low of 7333.33 yuan due to new production capacity in Shandong, followed by a rebound to around 7833 yuan [2][3]. - The second round of recovery took place from April to May, with prices rising again after a period of weakness, reaching 7966.67 yuan [3]. Group 2: Supply and Demand Dynamics - The recent price increase is attributed to concentrated maintenance of production facilities and downstream replenishment demand, particularly in Shandong, where several key plants are undergoing repairs [4]. - Despite some plants resuming production, the supply remains tight, leading to increased bullish sentiment among suppliers and traders [4]. - Downstream demand has also contributed to price support, as small factories are concerned about future price trends and are increasing their inquiries [4]. Group 3: Short-term Outlook - The market is expected to face a shift in supply-demand dynamics post-Duanwu Festival, with a potential decrease in replenishment activities and a gradual increase in supply from previously offline facilities [5][6]. - There is a growing observation that the overall purchasing volume for acrylic acid and its derivatives may decline, leading to a more cautious market sentiment [5][6]. - Without significant positive factors, acrylic acid prices are likely to experience a narrow decline from the recent highs [6].