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1. China acrylic market price trend
Compared with 2021, the domestic economy comes from the obvious impact of "energy efficiency double control" in 2022. Although the overall impact of the policy is limited, it still has a significant impact on the trend of domestic organic chemical products. The domestic acrylic market as a whole showed a weak trend, especially in the second quarter, and the operational confidence of market participants continued to suffer. Although there was a short rebound cycle during the period, the overall thrust was limited. Specific performance is as follows:
Although oil prices remained high and volatile in the first quarter under the influence of geopolitics and other factors, the maintenance of some domestic equipment was superimposed, the supply was favorable, and the focus of discussions in various markets rose. With the continuous spread of the epidemic and the control management represented by Shanghai, the domestic acrylic terminal demand has been greatly affected, its social inventory digestion speed slowed down, the peak season is not prosperous.. The weak state of the off-season is obvious. In addition, the contradiction between supply and demand in the acrylic acid market itself is prominent, which restricts the operation of the market, especially in the second half of 2022, the starting load of the acrylic acid industry is not high. Although after the long-term price adjustment in the second quarter and the early third quarter, the profit of acrylic acid itself is limited, the price has further reduced the exploration space, and the factory has obvious price intention under the pressure of loss, but the terminal mentality continues to be cautious, and the user only needs to purchase the function. Compared with the first half of 2022, the reaction of the acrylic market was flat, except for the negotiation activities, the overall performance of the "Golden Nine Silver Ten" was insufficient, and the market was deadlocked until the end of the year.
, according to Longzhong's statistics, the average profit of E acrylic acid plant in 2022 is 3574.13 yuan/ton. Thanks to the narrow fluctuation of acrylic acid raw material price, the wide application of acrylic acid itself downstream esters and the relatively large profit maintenance range, the profit of acrylic acid in 2022 is lower than that in 2021, but the profit of acrylic acid downstream products still maintains a good profit.
: Longzhong Information
2022, China's total acrylic acid production capacity will reach 3.5 million tons, and only Shandong Qixiang Tengda's acrylic acid plant with an annual production capacity of 80000 tons will be put into operation during the year. Due to the increase in the number of acrylic acid plants in Shandong, the proportion of production capacity in East China has gradually increased, becoming the main supplier of acrylic acid market. There is no new production capacity in Northeast China from 2018 to 2022, and the proportion of its production capacity in the total domestic production capacity also decreases slowly with the expansion of other regions, with the average production capacity accounting for 2.49 in 5 years and 1.78 in 2022, which is lower than the annual average production capacity. Due to the large capacity and number of acrylic acid plants in East China, the annual production capacity of new plants accounts for 20% and 20%.
general-purpose acrylates are consumed most in the various main application areas of acrylic acid, followed by the SAP area. Due to their own prices continue to be high, acrylic demand for water reduction agents continue to compress downstream users of their own profits, due to the tight capital chain, repeated domestic epidemics and many other factors, the overall infrastructure is limited, water reduction agent demand is relatively weak.
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