Ethyl Acrylate Price Trend and Forecast

Ethyl Acrylate Regional Price Overview

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

Ethyl Acrylate Price Trend for the Q3 of 2024

Asia

The Asian ethyl acrylate market demonstrated resilience despite volatile market conditions throughout the said period. The market initially saw upward momentum driven by tight feedstock acrylic acid supplies and maintenance-related shutdowns. The robust demand from downstream sectors, particularly those connected to the recovering tourism industry provided additional support to prices. However, as production facilities returned to full capacity, the market experienced temporary pressure.
 

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The post-holiday season in China triggered active buying behavior, leading to price stabilization. The market was further supported by high cracker operating rates, especially in South Korea, which influenced the overall acrylates chain dynamics.

Europe

The European ethyl acrylate market maintained a predominantly bearish trend, influenced by broader regional challenges. The market faced downward pressure due to stagnant economic conditions and subdued activity in downstream sectors. The summer holiday season across Europe contributed to reduced market activity, leading to lower price levels.

The situation was further impacted by logistical challenges, including the closure of a key pipeline following sanctions on Russian oil supplier Lukoil. This created regional supply imbalances, though the impact was partially offset by adequate inventory levels and modest demand. Contract prices showed some resistance to decline due to anticipated cost increases, but overall market sentiment remained cautious.

North America

The North American ethyl acrylate market experienced a declining trend, despite initial supply-side constraints. The market was influenced by Hurricane Beryl and unplanned outages at major facilities, which temporarily supported prices. However, as production normalized and economic uncertainties persisted, prices began to trend downward. The market saw periods of cautious buying behavior, with downstream industries adopting a wait-and-watch approach. The falling ethane feedstock prices and improving cracker margins did little to support the acrylates chain, as demand remained subdued due to economic headwinds.

Analyst Insight

According to Procurement Resource, the ethyl acrylate market is expected to show mixed performance across regions in the coming months. While Asian markets may see gradual improvement supported by recovering downstream demand and steady industrial activity, Western markets could face continued pressure from economic uncertainties.
 

Ethyl Acrylate Price Trend for the Q2 of 2024

Asia

Ethyl acrylate is commonly used as a monomer in the production of polymers and copolymers and is a crucial ingredient in the manufacturing of acrylic resins, paints, coatings, adhesives, and textiles. Ethyl acrylate imparts flexibility, durability, and resistance to weathering and chemicals to the products it is used in.

During the second quarter of the year 2024, the Ethyl Acrylate prices closely followed the fluctuations in the feedstock ethanol and acrylic acid prices. In Asia, the general market sentiments were largely positive in both India and China; however, the price growth remained confined and restricted by the downstream demands and meek global trade outlook. A decline in export queries limited the growth prospects. However, the manufacturing costs offset the market tepidness. Overall, mixed market sentiments were observed.

Europe

The European ethyl acrylate prices showcased a moderate performance during the second quarter of 2024. The overall market sentiments were positive throughout, especially in the key manufacturing markets. After facing a long-term trade disruption over the past few years in the wake of the Russian invasion of Ukraine, the manufacturing sectors finally started to revive in the union. Thereby, the packaging sector also witnessed increased demand. These events boosted the consumption of Ethyl Acrylate in the regional markets, providing a positive cost support, and hence the overall price graph was seen fluctuating positively for the entire period. However, the regional and offshore supply chain challenges kept the growth range bound. Overall, positive market sentiments were witnessed.

North America

The American Ethyl Acrylate market was much influenced by the Asian market run of the said time period. The prices here were also found to be fluctuating within close limits. The market started slow at the beginning of the quarter in April; however, as the gap between supply and demand outlooks increased, the price trajectory also started improving later in the quarter. Conclusively, the general market outlook remained consolidated and exuded slight stability overall.

Analyst Insight

According to Procurement Resource, the Ethyl Acrylate prices are expected to continue fluctuating similarly going forward since the trade outlook is not projecting much change in the short term.
 

Ethyl Acrylate Price Trend for the Q1 of 2024

Asia

In Asia, the ethyl acrylate market displayed varying price trends during the first quarter of 2024. Malaysia saw some stability in the ethyl acrylate prices due to balanced supply and demand, while Japan experienced a slight price increase attributed to supply chain disruptions, particularly in the paint and coating sectors. This increased demand supported the incline in production rates and the stagnancy in the acrylic acid's costs further enhanced the capacity of producers.

The central bank in Japan also raised its benchmark interest rate, signaling a shift from weak monetary policy to bolstering domestic consumption and investment. However, in China, the ethyl acrylate market witnessed a subsequent decline in its price in the first quarter of 2024 after an initial phase of stagnant growth. The weak downstream demand in industries like tape master rolls and derivative chemicals also showcased signs of weak momentum. Additionally, the season of spring festivities and Chinese New Year holidays further resulted in dim outlook of the end user industries.

Europe

Despite high upstream and energy prices, European ethyl acrylate prices softened towards the end of the first quarter due to persistently subdued market fundamentals and dwindling sales figures. The demand dynamics of the region remained weak in the end phase of the quarter, with consumers adopting a wait-and-see approach.

The subdued demand, particularly from the polymer industry, also led to limited spot market activities and a pessimistic outlook for ethyl acrylate manufacturers. Although global crude oil prices rose and supply concerns eased in the European countries, the cost of production of the commodity remained stagnant. Additionally, supply from Asia and the US supplemented the market, meeting limited requirements.

North America

The feedstock market of ethyl acrylate faced significant challenges globally, notably in the United States, which was well reflected in the pricing patterns of ethyl acrylate. The price trend witnessed a downturn in prices due to the weak position of acrylic acid and poor demand sentiments, surplus inventories, and oscillating crude oil prices.

In North America, adverse conditions persisted with ample supplies and sluggish demand from downstream industries, especially construction. Additionally, limited improvements in consumption rates, partly supported by upstream cost rises in the initial phase of the quarter, gave the market slight momentum.

Analyst Insight

According to Procurement Resource, the price trend of Ethyl Acrylate is estimated to drive northwards in the next quarter as the downstream demand and feedstock market outlook seem to be supporting the uptrend.
 

Ethyl Acrylate Price Trend for the October - December of 2023

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Asia

The fourth quarter of 2023 followed in the footsteps of the past quarters as the ethyl acrylate price trend declined consistently during the fourth quarter. The foremost cause of this fall was the consistent dip in the prices of feedstock chemicals such as acrylic acid.

Additionally, the weak confidence of consumers and fluctuations in the cost of energy production disrupted the overall dynamics of ethyl acrylate price trend in the fourth quarter of 2023. The end phase of this quarter, however, brought a sigh of relief for the traders as there was a slight uptick in the industrial activities of the region.

Europe

A gradual, not steep, fall in the ethyl acrylate price trend was witnessed in the last quarter of 2023. This smooth instead of sudden fall could be attributed to the resilience of the European industrial sector amid several challenging conditions. Since the many past quarters, the traders struggled with the feeble appetite of consumers which in the end quarter improved only slightly. Moreover, due to concerns over inflation and surging interest rates, the trading activities for ethyl acrylate remained subdued and thus caused the ethyl acrylate prices to move downwards.

North America

The uptick in the ethyl acrylate price trend during the third quarter of 2023 was not well translated during the last quarter of 2023. The ethyl acrylate price graph spiked in the previous quarter due to limited inventories and a substantial incline in the ethyl acrylate demand. However, during the fourth quarter, the scenario was exactly the opposite due to a fall in the export rates over the drought-like conditions in the Panama Canal. Additionally, the consumers also looked resistant to placing orders in bulk as the concerns of declining crude oil prices and, in turn, the production costs loomed over the North American market.

Analyst Insight

According to Procurement Resource, the price trend of Ethyl Acrylate will mostly show a slight incline in the coming quarters, given the stabilization of the global downstream demand and economic uncertainties.
 

Ethyl Acrylate Price Trend for the July - September of 2023

Asia

In the third quarter of 2023, a number of factors prompted the upshoot in ethyl acrylate price trend. The cost of raw materials grew consistently in this quarter, along with the consumer appetite. The trading sector also enjoyed the benefits of healthy demand from the overseas downstream industries and a rise in the prices of upstream products.

In addition to this, the escalation in the cost of crude oil and petroleum imports from Russia and Saudi Arabia also shared a significant share in the upward movement of ethyl acrylate price trend.

Europe

The European countries registered slight fluctuations in the ethyl acrylate price trend during the third quarter of 2023. The first half incurred feeble demand and a bearish outlook of the consumers as the rising interest rates suppressed the lending and borrowing activities of the downstream industries. However, as the quarter progressed, the inventories depleted gradually while the demand dynamics improved, giving the ethyl acrylate price trend a boost.

North America

Throughout the third quarter of 2023, the ethyl acrylate price trend were able to maintain a stagnant quotation, but towards the termination, the traders registered a slight drop in the market dynamics. In the first half of the quarter, the reduced stock volumes and limited overseas purchases created ripples in the ethyl acrylate price graph, but as the quarter approached its middle, the supply and demand complemented each other.

However, the rate of procurement from the downstream paints and coatings industries changed their routes, and limited purchasing towards the end of the quarter pushed the ethyl acrylate price trend in a downward direction.

Analyst Insight

According to Procurement Resource, the price trend of Ethyl Acrylate are expected to oscillate in the forthcoming quarters as the demand from the paints and coatings industries and the scenario of balanced imports and exports is likely to be disrupted by global geopolitical challenges.
 

Ethyl Acrylate Price Trend for First Half of 2023

Asia

In the Asia-Pacific region, ethyl acrylate prices dipped during the period. This fall in the prices was attributed to the declining demand and excess availability of the product in the market. The falling demand did not affect the manufacturing rates, leading to a rise in inventories. The end merchants were thus forced to sell their products at compromised rates which further aided the decline in the prices of ethyl acrylate. The prices of ethyl acrylate averaged around 9500 RMB/MT in the Chinese domestic market in June’23.

Europe

The downward trajectory of prices of ethyl acrylate was seen in the European region as a result of the fluctuating market dynamics. The prices suffered from the decline in demand and falling prices of feedstock materials in the local region. The weak industrial market and low purchasing rates also affected the ethyl acrylate trend in Germany.

North America

The demand sector in North America followed in the footsteps of Europe and the Asia-Pacific region, as the prices were adversely affected by the low demand and high production rates in the region. The rising inventories and weak fertilizers market also affected the trading activities, fueling the declining price trends for ethyl acrylate.

Analyst Insight

According to Procurement Resource, the price trends for ethyl acrylate are likely to remain unsettled in the upcoming quarter. As the demand from the end-user industries seems weak, the falling cost pressure and over-supplied inventories will cause the price trends to follow a lowered trajectory.
 

Ethyl Acrylate Price Trend For the Second Half of 2022

North America

The third quarter of 2022 saw a significant plunge in the prices of ethyl acrylate in the North American region. The major reason causing the tardy trends of ethyl acrylate was witnessed in the distressed demands from the downstream industries (adhesives and sealants) owing to the upheaval in the demand-supply equation. Moreover, the saturated inventories played yet another role in marring the prices for ethyl acrylate in the North American region. Additionally, making the situation worse was the augmentation of interest rates by the central bank, deeply down-swinging the economic play in the region.

Towards the fourth quarter, the ethyl acrylate prices went to the trough even more. The prime dynamic that could be held culpable was the copious supplies and slashed demands/consumption. The exacerbating entity that abraded the prices in this regard was the melioration of the supply chains. And the most prominent reason for the plunging prices was the trembling price trajectories of feedstock in the region. All these dynamics pulled the prices for ethyl acrylate down severely.

Asia

The second half of 2022 was passive for the ethyl acrylate price trend in the Asia-Pacific region. The Q32022 saw a debilitating price dynamic for ethyl acrylate, chalking the prime factors for the cause on the back of enfeebled operating costs, chopped demands from the downstream industry, and depleted prices for upstream propylene (which is used to form acrylic acid, which then is esterified to form ethyl acrylate). Although the offtakes to the importing countries from China were a bit aligned, the overall prices saw a derelict dynamic.

In Q42022, the prices for Ethyl Acrylate saw no improvement in the APAC region. With the jaded demand and consumption from the downstream coatings and adhesives industries, the price of the feedstock, Ethyl Acrylate, was severely smashed. Also, considering the overall demand was on the downhill, the supply side weighed on the prices for ethyl acrylate. Although the local market barely managed to make soft profits, the prices went for a toll overall.

Europe

The second half of 2022 saw a downslope trend in the prices for Ethyl Acrylate. The prime reason for the market was the debilitated price trends for feedstock- Acrylic acid. The slothful demand from the downstream industries walloped the prices for Ethyl Acrylate. Owing to which, the prices saw a faltering trend throughout the second half, i.e., the third and fourth quarters of 2022.
 

Ethyl Acrylate Price Trend For the First Half of 2022

Asia

During the first quarter, an oscillating pattern was seen in the price trends for ethyl acrylate. With the Russian invasion of Ukraine in the last week of February, crude oil prices soared to an unprecedented high. The prices of feedstock ethanol and acrylic acid soared globally. The ethyl acrylate prices in the Indian domestic market averaged 3100 USD/MT. However, the prices stabilized and declined during the second quarter.

In the Chinese domestic arena, the prices of ethyl acrylate declined due to the rising covid cases and halted production owing to the zero-tolerance covid restrictions. Even after removing restrictions, the factories did not run at optimum operating rates due to the demand destruction in the market. The feedstock ethanol and acrylic acid prices relaxed, averaging 7150 RMB/MT and 13,939 RMB/ton (approx.), respectively.

Europe

The European market reeled under the pressure of surging energy costs and double-digit inflation owing to the continuing Russia-Ukraine geopolitical stance. The acute energy crisis, high operating upstream costs, robust demand from the downstream sectors amid the supply side constraints and raised transportation charges impacted the prices of ethyl acrylate heavily. The price trends for ethyl acrylate remained strong throughout the year's first half. The feedstock ethanol and acrylic acid price averaged 1.3 USD/litre and 1422 USD/MT FOB, respectively.

North America

The price trends for ethyl acrylate followed its European counterpart. The surging crude oil and natural gas prices, supply shortages, trade restrictions, labour shortages and freight charges are some of the reasons which directly impacted the ethyl acrylate prices in the US domestic market. The price of ethyl acrylate averaged 2680 USD/MT in the said period.

Procurement Resource provides latest prices of Ethyl Acrylate. 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.