Chinese New Year
According to the price data from ECHEMI, after a sharply rise, the price of Acrylic acid gradually tends towards stable.
From Oct. 2016, the price of Acrylic acid rose from 7000CNY/MT to 12000CNY/MT, the growth rate up to 71%, has risen strongly. Recently the price of upstream Propylene has fallen, at the meanwhile, the demand from downstream get cooling little by little, which leads to the slack season of Acrylic acid is coming, it is expected that in a short term, the domestic Acrylic acid market will show a slight weakening.
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