February 12th News - On February 10th, the first project of the third phase of Guangxi Huayi New Materials—the 320,000 tons/year butanol-octanol and acrylate project—was successfully handed over. Concurrently, the 20,000 tons/year polymerization inhibitor project (Phase I) was also completed. Both projects were constructed by Guangxi Huayi New Materials Co., Ltd.
Chempricehub Analysis on Acrylic Acid, Bull-Bear Score: 1.5
The article reports the successful handover of Guangxi Huayi New Materials' 320,000 tons/year butanol-octanol and acrylate project. This project will significantly increase acrylate production capacity, thereby boosting demand for the upstream raw material, acrylic acid. As a bulk commodity, the supply-demand dynamics in the acrylic acid spot market may tighten, with expectations of rising demand supporting price increases, representing a generally positive development. The project's large scale, coupled with the supporting polymerization inhibitor facility, further strengthens demand-side momentum, exerting a positive influence on spot prices.