December 26th News
On December 26th, Wanhua Chemical quoted the price of acrylic acid in North China at 5,950 yuan per ton, a decrease of 50 yuan per ton compared to the previous quoted price. The 300,000-ton-per-year acrylic acid plant is operating normally.
Chempricehub Analysis of Acrylic Acid
Bull-Bear Score: -1
The spot price of acrylic acid has dropped by 50 yuan per ton to 5,950 yuan per ton, indicating ample market supply or weak demand. The normal operation of the 300,000-ton capacity plant, with no supply disruptions, further intensifies the downward pressure on prices. It is expected that short-term spot prices may continue to face pressure, exerting a generally bearish impact on the market.