On April 27, Shanghai Huayi New Materials' price for crystalline acrylic acid (East China delivery) was 13,800 RMB/ton, down 500 RMB/ton from the previous quotation, with transactions primarily subject to negotiation. Chempricehub assesses acrylic acid with a long-short score of -1. The spot price of acrylic acid decreased by 500 RMB/ton from the previous quotation to 13,800 RMB/ton, representing a drop of approximately 3.6%, indicating potential oversupply or weak demand in the market. The prevailing transaction method of negotiation-based trading further reflects a lack of market confidence and increasing downward price pressure, which is generally bearish for spot prices. It is recommended to monitor subsequent supply-demand changes to assess further downside risks.
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