CAS No. 1072-53-3 is an acrylate monomer, which is an important raw material in the chemical industry. It is widely used in coatings, adhesives, sealants, printing inks, cosmetics and other industries.
Recently, the price of acrylate monomer CAS No. 1072-53-3 in the Chinese market has been rising. According to the market price of acrylate monomer CAS No. 1072-53-3, the average transaction price of acrylate monomer CAS No. 1072-53-3 in the Chinese market was 7,908 yuan/ton on August 5, 2020. Compared with the price on July 6, 2020, the price of acrylate monomer CAS No. 1072-53-3 increased by 18.93%.
The main reason for the increase in the price of acrylate monomer CAS No. 1072-53-3 is the rise in the price of benzene, the main raw material of acrylate monomer. The price of benzene in the Chinese market rose significantly in July. The average transaction price of benzene in the Chinese market was 5,220 yuan/ton on August 5, 2020, which was 9.02% higher than the price on July 6, 2020.
In addition, the global economy has been affected by the COVID-19 pandemic since the beginning of 2020. The economic recession has caused a decrease in demand for acrylate monomers. The demand for acrylate monomers in the market has been weak recently, which has led to an increase in the price of acrylate monomers.
At present, the price of acrylate monomer CAS No. 1072-53-3 in the Chinese market is still rising, and the market outlook is not optimistic. The price of acrylate monomer CAS No. 1072-53-3 is expected to remain high in the short term. However, with the gradual recovery of the global economy, the demand for acrylate monomers is expected to increase, and the price of acrylate monomer CAS No. 1072-53-3 is expected to stabilize in the medium and long term.