Discuss one by one! Price of Acrylic acid starts to soar!

2023-02-10

Returning after the Spring Festival, acrylic raw materials ushered in a continuous rise, and the current average price has exceeded RMB7,500 /ton. On February 7, the benchmark price of acrylic acid was RMB7866.67 /ton.
On February 1, iSuoChem, a well-known acrylic emulsion domestic supplier, issued a price adjustment notice saying that due to the shortage of various raw materials for the production of acrylic emulsion and the sharp rise in prices, the company's product costs have increased significantly, and it has decided to make adjustments to the price of products promoted by the Construction Division. For different degrees of increase, the specific price will be subject to a "one-to-one negotiation" policy.
The construction and coating division of Anhui i-sourcing Group Co., Ltd. issued the "Notice on the Implementation of New Quotations" on February 2, saying that since the beginning of the year, raw material prices have continued to rise. As of February 2, butyl acrylate (East China) has increased by RMB1,000 /ton for four consecutive years. The above poses a great challenge to our product cost.
i-sourcing Group said: According to market forecasts, raw materials are showing a strong trend, and there is still room for a wave of continuous growth this month. According to the cost accounting results of our company's financial center, the price of our products will be adjusted from now on. For specific quotations, you can communicate with the regional person in charge of i-sourcing Group Construction and Coating Division.

In view of the current trend, our company has decided not to accept the long-term order backlog in principle. All customers are requested to do their own strategic reserve work according to the market sales strategy and actual inventory needs, so as to flexibly adapt to market demand.
According to incomplete statistics, the prices of acrylic acid, butyl acetate, styrene, and butyl acrylate in the emulsion industry chain have all increased compared with the end of 2022. Compared with the quotation at the end of 2022, acrylic acid rose by RMB341 /ton, or 5.19%; butyl acetate rose by RMB33 yuan/ton, or 0.45%, compared with the quotation at the end of 2022; styrene rose by 609 yuan/ton, or 7.43%; Compared with the quotation at the end of 2022, the price of ester has increased by 633 yuan/ton, or 6.86%.