Acrylic Acid market rebounds in South Asia
Acrylic acid price has been facing frequent hiccups in the global market for a long time under several market fundamentals that have been changing the overall market dynamics of the product. As per the ChemAnalyst analysis, the ongoing Russia Ukraine war has affected the global demand-supply chain for several commodities, including Acrylic Acid. Different regions have been performing differently, as the market fundamentals vary on various grounds. Talking about Asia, China has been under lockdown restrictions since the mid of March, while the battle with another wave of the pandemic is still on. Being a major producer in Asia, China’s Acrylic Acid market tumbled effectively in March 2022, while other neighbouring nations started facing the threat of scarcity. As per the data, a considerable increment of more than 7% was observed during the first three weeks of March, which later kept on tumbling till the end of the month, as pandemic restrictions in the country were getting worse day ...