Towards the end of April, the Chinese acrylic acid market showcased bearishness. Moreover, the ongoing market uncertainty due to the imposition of trade tariffs on Chinese products has impacted the Chinese export market.
During the week ending on April xx, the acrylic acid market witnessed a decline of x.xxx and the prices fell to USD xxx/MT (FOB-Qingdao). This declining trend of acrylic acid is due to the stable yet low production cost, challenging downstream construction and coating sectors, and the uncertainty during the imposition of tariffs on Chinese imports by the US. The construction sector continued to face a struggle which further limited the demand for acrylic acid pushing the market sentiments down.
The production cost of acrylic acid remained low due to the stable, yet bearish trend witnessed in the feedstock propylene market which continued to provide support to...
