Domestic acrylic acid prices jumped
On the eve of the double festival in 2012, the Japanese catalyst company’s 460,000-ton acrylic device exploded. It is expected that the device will be overhauled for 3-6 months. Although the products produced by this device are mainly self-supplied and exported to Southeast Asia, they will also cause temporary tension in the supply of acrylic acid in East Asia in the course of its overhaul, which constitutes a certain positive effect. Under its influence, the acrylic acid market price jumped sharply within one week and stimulated the related stocks to rise. However, due to the current poor domestic demand for acrylic acid, coupled with the rapid expansion of new domestic devices, whether the price increase can continue to be observed.
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