December 29th News
On December 29th, the refined acrylic acid price in North China for Satellite Chemical was 6,900 yuan/ton, a decrease of 200 yuan/ton compared to the previous quoted day. Chempricehub analysis of acrylic acid: Bull-bear score: -1.5. The spot price of acrylic acid dropped by 200 yuan/ton, falling from 7,100 yuan/ton on the previous quoted day to 6,900 yuan/ton (a decline of approximately 2.8%), indicating an imbalance between supply and demand in the North China market. Weak demand or increased supply has put pressure on spot prices. A score of -1.5 suggests a generally bearish outlook, as the price decline is significant but not extreme, potentially triggering short-term bearish sentiment in the market.
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