Tokyo, Japan: During the week ending on January xxth, Acrylic Acid prices in the Asian market exhibited fluctuations. In Japan, the prices demonstrated a decline, attributed to sluggish demand from the downstream Paint and Coating sectors and the accumulation of existing inventory levels. Conversely, the Malaysian market witnessed an upward trend in prices, driven by insufficient inventory levels and robust demand from the downstream Paint and Coating sector.
As of the week ending on January xxth xxxx, the Japanese Acrylic Acid market is experiencing a bearish price trend, settling at USD xxx/MT (FOB-Tokyo), despite the stable nature of its feedstock, Propylene. This downturn is primarily attributed to subdued demand from the downstream sector, prompting market players to refrain from active purchasing and instead opting to hold off to clear existing inventory. Despite a slight improvement in the Purchasing Manufacturing Index (PMI) and an incline in the...
