On January 16th, the delivered price of crystalline acrylic acid from Shanghai Huayi New Materials to East China was 6,500 yuan per ton, a decrease of 200 yuan per ton compared to the previous quoted day, with actual orders being negotiated. PriceSeek analysis of acrylic acid, with a long-short score of -1, indicates that the spot price of acrylic acid has dropped by 200 yuan per ton to 6,500 yuan per ton, a decrease of approximately 3%, suggesting ample market supply or weak demand. The emphasis on negotiated actual orders further reinforces the downward pressure. This change generally constitutes a bearish factor for spot prices, as the decline, although significant, is not extreme and may stem from seasonal demand slowdown or increased inventory, potentially dampening sentiment in the spot market in the short term.
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