If you are looking for more details, kindly visit TJCY industrial chemical.
ChemAnalyst research
·
Follow
5 min read
·
Feb 13, 2024
--
North America
Want more information on acrylic acid price? Feel free to contact us.
Acrylic Acid prices in the North American region during the fourth quarter of 2023 (Oct to Dec) were influenced by several factors. Firstly, the market experienced a bullish trend due to strong demand from downstream Paints and Coating enterprises. This increased consumption led to low supplies and insufficient inventories, prompting suppliers to raise their quotations and enhance their profit margins. Additionally, the prices of the raw material, Propylene, used in the production of Acrylic Acid, also increased, further driving up costs.
Acrylic Acid PriceIn Mexico, the price of Acrylic Acid in CFR-Manzanillo saw a significant increase of 6.02% during Q4 2023. This was primarily due to the surge in demand from the downstream sector and the higher prices of Propylene. The Mexican Peso depreciated against the US Dollar, adding to the price increase. No plant shutdowns were reported during this quarter. Looking at the price trends, there was an overall increase in Acrylic Acid prices in both the FD-Texas and CFR-Manzanillo markets. In FD-Texas, prices rose by 6.74% to reach USD 1475/MT, while in CFR-Manzanillo, prices increased by 6.02% to reach USD 1525/MT.
In comparison to the same quarter of the previous year, Acrylic Acid prices in Mexico saw a 9% increase. However, when comparing the current quarter to the previous quarter of 2023, there was a 2% increase in prices. Overall, the Acrylic Acid market in North America experienced a bullish trend during the fourth quarter, driven by strong demand, low supplies, and increased production costs. The price of Acrylic Acid in CFR-Manzanillo, Mexico reached USD 1525/MT by the end of the quarter.
APAC
The Acrylic Acid Price in the APAC region observed a bearish trend in Q4 2023 due to a balanced supply/demand scenario and sufficient inventory levels. The market witnessed limited utilization of inventories with lower market fundamentals, leading to a decline in the price trend. One of the major plant shutdowns during the quarter was undertaken by China National Offshore Oil Corporation, resulting in a decrease of 11667 tons of Acrylic Acid production capacity. Japan witnessed the highest changes in the Acrylic Acid price trend, with a decline of 3.13% from the previous quarter due to the hampered supply chain and imbalanced supply/demand scenario. The price trend of the region showed a negative correlation of -7% between the first and second half of the quarter. However, the price trend exhibited a negative correlation of 39% when compared to the same quarter of the previous year. During December 2023, the price of Acrylic Acid FOB Tokyo in Japan in Q4 2023 was USD 926/MT.
MEA
The Acrylic Acid market in the MEA region during Q4 2023 witnessed several factors that impacted prices. Firstly, the overall market was bearish due to weak demand from downstream industries, particularly the paints and coatings sector. This led to a decline in prices across the region. Additionally, the high supply of Acrylic Acid and its feedstock, Propylene, further contributed to the price decrease. In Saudi Arabia, the country experienced a significant decline in prices. This can be attributed to the high supply of the commodity in the domestic market as well as from the overseas market and slow trading activities among the significant manufacturing units. There were no reported plant shutdowns during this quarter. In terms of price trends, there was a significant decline compared to the same quarter last year, with a decrease of 44%. The price also decreased by 27.79% compared to the previous quarter of 2023. The quarter ended with a price of USD 850/MT of Acrylic Acid FOB Jeddah in Saudi Arabia.
Get Real Time Prices Of Acrylic Acid Price:- https://www.chemanalyst.com/Pricing-data/acrylic-acid-20
South America
The fourth quarter of 2023 was marked by various factors that influenced the pricing of Acrylic Acid in the South American region, particularly in Brazil. Firstly, there was a limited supply of the commodity due to severe thunderstorms and flooding in Brazil, which disrupted transportation and resulted in low inventory levels. This led to an increase in prices as demand from the downstream Paints and Coating industries remained strong. Additionally, the prices of the upstream feedstock Propylene also rose, adding to the overall price hike of Acrylic Acid. The Brazilian Real appreciated against the US Dollar, further impacting the pricing dynamics. As a result, the price of Acrylic Acid in Brazil at the end of the quarter was USD 1535/MT (CFR-Santos). Looking at the price trend, there was a 6% increase in prices from the previous quarter, indicating a bullish market. However, there was no significant price difference between the first and second halves of the quarter. Overall, the high demand, limited supply, and increased production costs contributed to the upward price movement of Acrylic Acid in Brazil during the fourth quarter of 2023.
Europe
The Acrylic Acid market in the European region during Q4 2023 witnessed a bullish price trend. Increased consumption of the commodity from the existing inventories and constantly increasing demand from the downstream ventures played a role in the price hike of the commodity. This incline in the demand was not fulfilled by the inventories, therefore, the trading activities were enhanced along with the production rate by the producers. In terms of the upstream market, the prices of Propylene inclined as well, supporting the price trend of Acrylic Acid. France experienced the most significant fluctuations in the price trend of Acrylic Acid, registering an incline of 7.29% compared to the previous quarter. This upturn can be attributed to an increase in demand and low supply due to the hindered supply chain and imbalance between supply/demand scenarios. Examining the price trend, there was a 6% uptick in prices from the previous quarter, signaling a bullish market. In summary, the surge in demand, restricted supply, and heightened production costs collectively fueled the upward trajectory of Acrylic Acid prices in France throughout the fourth quarter of 2023. In December 2023, the prices of Acrylic Acid in France followed an upward trend and settled at USD 1377/MT (FD-Le Havre).
is a valuable industrial product that is employed in a variety of key applications in chemical plants. Theis the most common name for the simplest form of, - unsaturated carboxylic acid. A double bond and the functional carboxylic acid group in its structure play critical roles in giving it carboxylic acid-like reactions. Acrylic acid is an important acid in chemistry for use in large chemical plants and businesses for its use in commercial production.
Acrylic acid and NaOH is a transparent and colorless liquid that is widely used due to their chemical structure. The acrylic acid structure allows for simpler interaction with long chains of compounds to make polymers. The structure of poly acrylic acid has the chemical formula C3H4O2 and a molecular weight of 72. It is miscible with water and has a melting point of 14 °C and a boiling point of 141 °C. Constant or even modest contact with these acids produces skin and respiratory system irritation. While modest levels of exposure are normally not hazardous to the body, excessive levels of this acid can be poisonous, causing pulmonary edema. Because of its chemical structure, poly acrylic acid80 reacts with a wide range of inorganic and organic chemicals, resulting in the creation of a wide range of low and high-molecular-weight compounds.
Acrylic acid supplements have been the subject of numerous controversies as health agencies have investigated their use in a variety of products. Acrylic acid (analytical grade, sigma-aldrich) use has increased in two areas in the recent decade: the creation of Superabsorbent Polymers (SAPs) and detergent polymers. Glacial acrylic acid90 has traditionally been utilized as a raw ingredient in the commercial manufacture of acrylic esters. Acrylic esters such as methyl acrylate, ethyl acrylate, and others. They were utilized in the creation of solvent-based resins, but production was halted due to environmental concerns. Neutralized acrylic acids are also widely used in home coatings as well as a variety of other products such as paintings, paper, adhesives, and polishes.
Are you interested in learning more about oxalic acid price? Contact us today to secure an expert consultation!