Acrylamide Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Acrylamide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Acrylamide Price Trend for the Q1 of 2024

Asia

Market prices for acrylamide were observed to be vacillating throughout the discussed period of Q1’24. The price trajectory showed very limited movements as the prices oscillated within a closed limit. The market remained dull in China at the start of January as a weak demand dynamic kept pressurizing the price graph downwards. Even when the crude oil and feedstock prices inclined, it did not affect the prices much as the procurement was still largely underwhelming.

Acrylamide Price Chart

Please Login or Subscribe to Access the Acrylamide Price Chart Data
 

Riddled by these tepid demands, the suppliers took up a waiting approach and controlled the mass orders to control the market by managing the supply situation. It did help stabilize the market a little as the prices started to improve as the quarter ended. However, the market sentiments still remained largely dull. Both Indian and Chinese markets saw a little increase in the average prices by the end of March’24.

Europe

Acrylamide prices exhibited a varying price graph during the first quarter of 2024. The first half of Q1 saw a tumbling curve as the overflowing inventory stocks pressurized the price trend. The excess stocks kept pressuring the suppliers to cut down the prices in order to maintain some product movement.

It was only after the upstream costs increased in later months and the raw material propylene costs rose that the market experienced some cost support. Suppliers didn’t procure much, anticipating dwindling consumption rates. This helped as the prices then started to improve a little in the latter half of the quarter. Overall, a mixed price graph was seen in Q1’24.

North America

The North American acrylamide market mimicked its Asian and European counterparts during the said period; the prices were witnessed to be dwindling here for the entire period. A weak demand from the downstream sectors pulled the market for some time at the beginning of Q1 in January’24 and then the raised crude oil prices started to show their influence. Issues in the Red Sea and other geopolitical conflicts also kept hurdling the trade sentiments in the American region. Overall, a dull market performance was experienced.

Analyst Insight

According to Procurement Resource, Acrylamide price trends are likely to remain fluctuating in the coming months as well. Current supply and demand outlooks do not project much change in the pricing trajectory.

Acrylamide Price Trend for October-December of 2023

Asia

In the Asian market, particularly in China, the acrylamide price trend remained stable during the fourth quarter of 2023, despite the global downward trend. This stability was somewhat unique to the region, possibly reflecting the specific market dynamics and demand patterns in Asia. The Asian acrylamide and the feedstock acrylonitrile market seemed insulated from the pricing downturn experienced in Europe, maintaining a steady course.

This could be attributed to consistent demand in key sectors and the region's strategic response to global supply chain variations. However, the global trend of declining acrylamide prices due to factors like reduced manufacturing activity during the holiday season and softened feedstock prices did cast a shadow, suggesting potential future oscillations in the first quarter of 2024.

Europe

In Europe, throughout the fourth quarter of 2023, the acrylamide price trend witnessed a downward trend in prices. This trend was primarily a reflection of the volatility in the prices of acrylonitrile (ACN), a crucial feedstock for acrylamide. The fluctuating ACN costs, impacted by global supply chain dynamics and petrochemical market fluctuations, directly influenced acrylamide pricing.

Manufacturers of acrylamide, responding to these shifts, adjusted their prices downward. Additionally, the demand for acrylamide, affected by varying industry needs and economic factors, played a significant role in shaping this price trend. This period saw a careful balancing act in the European acrylamide market, as suppliers navigated the complexities of feedstock cost variations and demand changes.

North America

In North America, with a focus on the US, acrylamide prices showed a similar pattern of stability as in the Asian market, despite the overall global downtrend in acrylonitrile (feedstock) prices. This steadiness could be linked to different market dynamics and demand structures in the region. The North American acrylamide market, particularly in the US, managed to hold its ground, possibly due to sustained demand in certain sectors like consumer goods manufacturing. However, like the Asian market, it was not entirely immune to the global trend.

The possibility of future price adjustments loomed, influenced by global factors such as weakened demand in specific industries and the impact of feedstock prices. The overall market sentiment in North America was cautious, with buyers and sellers both navigating a complex and potentially shifting landscape.

Analyst Insight

According to Procurement Resource, the global acrylamide prices are expected to see a downward trend, overall. The primary reasons attributed to the forecasted downturn could be seen in the form of low downstream demand and decreasing feedstock, (acrylonitrile) price trend.

Acrylamide Price Trend for the July-September of 2023

Asia

Acrylamide is a versatile compound used for various purposes, especially in the polymer industry. The polymers made of acrylamide or polyacrylamides are used extensively in various profiling and analyzing chemical processes.

Given the extent of its applicability, the suppliers had accumulated bulk products anticipating positive returns. However, the demands remained bearish, and the price trend remained subsided in the initial phase of Q3’23. It was in the later months, when the suppliers cut down on supplies, that the market started picking up a little, especially in China. So, after a dull run in the first two months, the last month of Q3, i.e., September, ended on a slightly positive note for Acrylamide price trend.

Europe

Riding along the same waves as the Asian market, the European Acrylamide market also witnessed fluctuating price trend during the third quarter of the year 2023. Off to an underwhelming start, the Acrylamide market started picking up in mid-Q3, when supplies started constraining, and the usual downstream demands were maintained. Steadily stabilizing consumption sectors also started promoting Acrylamide consumption by the end of the quarter, further promoting the positive market sentiments in Europe. Overall, the general market sentiments remained mixed.

North America

Though the global Acrylamide market saw some improvement in the latter part of the quarter, the American Acrylamide market continued on the downgrading pattern for the entire period of Q3’23. The high economic inflation in the region caused the Acrylamide market to experience demand depreciation, and the price graph remained downward throughout the said period.

Analyst Insight

According to Procurement Resource, downstream demands will continue to guide the Acrylamide market trend going forward as well. Consistent market fluctuations are anticipated.

Acrylamide Price Trend for the First Half of 2023

Asia

In the first quarter, the surge in the prices of acrylamide was a direct consequence of the increased market activities in the Asia-Pacific region after the long stretch of covid and the lunar holiday season. The rates of production were further boosted by the high number of inquiries from the downstream industries and the gradually moving costs of the upstream sector.

However, in the second quarter, the price trend of acrylamide was supported by the high demand and limited availability of the product in the market, along with the rising cost of feedstock materials and energy production.

But after May, the prices of feedstock materials and demand from the downstream industries began to fall. Eventually, the number of new orders was almost negligible, and due to the pressure of soaring inflation, the inquiries from international industries also slumped, pushing the price trend of acrylamide in the downward direction.

Europe

In the first quarter, the price trend of acrylamide fluctuated heavily as the cost of crude oil and demand from the downstream industries oscillated throughout the quarter. Due to the limited availability of the product in the region and high demand in the second quarter, the market dynamics of acrylamide improved.

During this phase, the supply-demand equilibria also maintained its balance, which further supported the price trend of acrylamide. However, in the second half of the second quarter, the level of inventories rose while the support from the feedstock industries slumped. Moreover, the plunging economic condition caused the price trend of acrylamide to fall.

North America

Initially, the downstream demand for acrylamide in the first quarter of 2023 slumped, but in the subsequent months, these industries gained market momentum and increased the number of orders. In addition to this, overseas industries also supported the price trend of acrylamide. However, in the last month of the first quarter and throughout the second quarter, the market for acrylamide struggled with low demand due to high rates of inflation and a surge in interest rates. The downstream industries also moved at a slower pace, and the number of inquiries from the international markets also remained muted, which caused the price trend of acrylamide to move southwards.

Analyst Insight

According to Procurement Resource, the price trend of Acrylamide is estimated to follow a declining trend as its market activities seem to be suppressed by the falling demand from the downstream industries.

Procurement Resource provides latest prices of Acrylamide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.