German Acrylamide Price Faces Downturn In January 2024 Amidst Weak Consumer Demand

German Acrylamide Price Faces Downturn In January 2024 Amidst Weak Consumer Demand

Patrick Knight 09-Feb-2024

Hamburg, Germany: The Acrylamide market in Germany experienced a further downturn in January xxxx due to low consumer demand, largely attributed to decreased demand from downstream industries, particularly in water treatment. In the current market conditions, the reduced frequency of purchasing Acrylamide is linked to lower water usage across multiple sectors. Prices dropped by USD xx/MT in January from USD xxxx/MT in December xxxx. As of January xxxx, the prices of Acrylamide FOB Hamburg were assessed at USD xxxx/MT.

However, on the cost front, the manufacturing costs of Acrylamide increased throughout the month as the prices of feedstock Acrylonitrile and upstream Propylene rose. The European propylene markets experienced a turbulent beginning to the new year, with strong demand for restocking after the seasonal downturn in December clashing with limited supply caused by outages and distribution disruptions in both inland and coastal markets, causing the production costs of...

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