US Superabsorbent Polymer Market is Increasing With a Supply Shortage
- 25-Nov-2022 3:20 PM
- Journalist: Li Hua
Crude Oil prices are fluctuating at $60/barrel this year, and it is a significant concern for the Superabsorbent Polymer market, as fuel and chemical prices also affect many other segments. Changing consumer preferences in a projected economic downturn scenario, changes to industrial policies to align with growing environmental concerns, significant fluctuations in raw material costs triggered by prevailing geopolitical tensions, and anticipated economic turbulence are all noted as critical challenges for the Superabsorbent Polymers industry.
The prices of Superabsorbent Polymer rose in the US market, with prices ranging at USD 2597/tonne Superabsorbent Polymer CFR USGC with an escalation of 2.1% as recorded by ChemAnalyst pricing team data. E-commerce giants continuously invest in new warehouses and distribution centers. As a result, more transportation infrastructure is needed. Therefore, e-commerce is crucial to global coordination sector growth and is expected to impact logistics supply chain digitization significantly. The inventories of Superabsorbent Polymer with the traders and suppliers decreased in the domestic market.
The cost and supply side of Superabsorbent Polymer had dedicated support, the market transactions were high, and there was a less wait-and-see attitude in the domestic market. As recorded by the traders, lower inventory and increasing consumption levels were observed in the domestic market, and the supply of shipments was short in the region affecting the market Superabsorbent Polymer sentiments.
On the supply side, factories in the US have released less product volume, Superabsorbent Polymer companies have increased their prices, planned purchases are high, and the market has good Superabsorbent Polymer sources. There is a shortage of Superabsorbent Polymers in the wholesale market, which impacts the costs of the products. Moreover, the market has risen rapidly in the short term, and market panic has intensified. The actual demand is higher than expected, finishing off the stocks in the market.