SINGAPORE (ICIS)--China acrylic acid prices rose by over 19% in the first half of May and hit a year-to-date high at yuan (CNY) 7,450/tonne. Market sentiment weakened in early June with some plants gradually resuming production, but the prices later fluctuated narrowly as some other units were offline again.
In this episode of the ICIS Asia podcast, Jady Ma speaks with Sikee Shi, analyst for the ICIS China acrylic acid market on recent trends and outlook.
- Unplanned plant shutdowns cut acrylic acid supply
- Improved downstream demand drags down inventories
- Some plant restarts undermine market sentiment
- Propylene cost draws attention