April 24 Update: On April 24, Satellite Chemical's refined acrylic acid ex-factory price in the South China market was 12,300 RMB/ton, a decrease of 1,000 RMB/ton compared to the previous quotation. According to Chempricehub's assessment of acrylic acid, the bullish-bearish score is -1.5. The spot price of acrylic acid dropped sharply by 1,000 RMB/ton to 12,300 RMB/ton, indicating an oversupply or weak demand in the South China market, placing short-term pressure on spot prices. This significant price decline reflects a pessimistic market sentiment, which may lead to downstream buyers adopting a wait-and-see approach and an accumulation of inventories. A score of -1.5 represents a relatively strong bearish impact, based on the magnitude of the sharp price drop and the potential for a continuation of this trend.
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