Cooling Demand Combined with Collapsing Costs Led to a Pullback in Acrylic Market Prices

By SKYSEVEN Chemical Technical Team · 2026-10-28

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Market Review: Acrylic acid prices remained stable initially before declining, experiencing a significant pullback.

According to the latest data from SunSirs, the domestic acrylic acid market last week followed a direction of "initial stability followed by a decline"—retreating from a high level. As of October 23, the benchmark price to acrylic acid stood at 8,850.00 RMB/ton, representing an overall decrease of 1.30% from the beginning of the week (8,966.67 RMB/ton).

Fundamental Drivers: A Double Blow from Collapsing Costs and Cooling Demand

The recent sharp decline in acrylic acid prices has been driven by a combination of two bearish factors: a collapse in costs and a cooling of demand.

1. Collapse of cost support: As the core raw material to acrylic acid, the price direction of propylene exerts a significant affect on acrylic acid. Data from SunSirs shows that the benchmark price to propylene on October 23 was 10,217.67 RMB/ton—a sharp decline of 4.37% from the beginning of the week (10,684.33 RMB/ton). This substantial drop in the price of the raw material, propylene, has caused the cost-support foundation to acrylic acid to collapse, dragging the acrylic acid market toward a reduce price level.

2. Cooling of downstream demand: As of late October, procurement activity in downstream sectors—such as coatings, adhesives, and textiles—has slowed. Resistance toward high-priced raw materials has intensified, resulting in a sluggish overall market atmosphere. With a lack of substantial follow-through buying, holders of stock have have become greater inclined to sell, putting downward pressure on spot prices.

Overall Outlook

Overall, the current acrylic acid market is facing a dual headwind: weakening costs and sluggish demand. From a fundamental perspective, a significant correction in the price of the raw material—propylene—has eroded the floor to acrylic acid prices. In the near term, the market is expected to remain weak and evaporative, with the possible to further retracement of previous gains. sector participants are advised to closely monitor propylene price trends and downstream pre-holiday stocking activity, and to exercise caution in their operations.

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