For the Quarter Ending March 2024
North America
In Q1 2024, the pricing environment for 2-Ethylhexyl Acrylate in North America showcased a bullish market scenario in the US market. The overall trend for the quarter was influenced by various factors, including the supply-demand dynamics, feedstock prices, and market activity in the downstream sectors.
In the North American region, the prices of 2-Ethylhexyl Acrylate experienced an incline in their trend as compared to the previous quarter. This upward trend was primarily driven by strong demand from the downstream Paint and Coating sectors, as well as the increased consumption of existing inventories.
In the US market, prices of 2-Ethylhexyl Acrylate saw a slight increase of 1.04% in February 2024. This upward trend was mainly driven by higher prices in the feedstock Acrylic Acid and Propylene market, which resulted in elevated production costs for the commodity. The demand from the downstream Construction sector, particularly in Paint and Coating applications, also showed a slight uptick, indicating increased market activity in this sector. The market was influenced by factors such as supply-demand dynamics, feedstock prices, and market activity in the downstream sectors. The prices in the US market experienced slight changes, driven by both feedstock prices and demand from the downstream sector.
APAC
Q1 2024 has been a challenging quarter for the 2-Ethylhexyl Acrylate market in the APAC region, with prices experiencing a significant decrease. Several factors have influenced market prices during this period. The overall trend has been negative, with a decrease of 11% from the previous quarter and a substantial decline of 20% compared to the same quarter last year. China, in particular, has seen the maximum price changes in the region. The market in China has been impacted by various factors, including a decrease in demand from downstream industries such as Paint and Coating, leading to excess inventory levels. Additionally, the Chinese New Year festivities have disrupted trading activities, further contributing to the downward price trend. The seasonality of the market has also played a role, with the first half of the quarter witnessing a higher decline in prices compared to the second half. This can be attributed to the anticipation of increased demand during the Lunar New Year, leading to stockpiling of inventories in the first half. In conclusion, the pricing environment for 2-Ethylhexyl Acrylate in the APAC region during Q1 2024 has been negative, with decreasing prices influenced by factors such as low demand, excess inventories, and the impact of the Chinese New Year festivities.
Europe
The pricing environment for 2-Ethylhexyl Acrylate in the Europe region during Q1 2024 has been influenced by several factors. Overall, the market has experienced a mix of positive and negative trends, with Germany being the most affected country. In Q1 2024, the prices of 2-Ethylhexyl Acrylate in Germany have shown an upward trend. The prices of 2-Ethylhexyl Acrylate rose throughout the quarter, primarily driven by an increase in the price of Acrylic Acid and Propylene. This rise in costs was further compounded by stronger increases in operating expenses for German firms, marking the steepest rise in nearly a year. Furthermore, demand from the downstream Construction sector, including the Paint and Coating sector, outstripped existing inventory levels due to disruptions in the supply chain caused by ongoing farmer protests in European countries, including Germany. These protests disrupted logistics and transportation networks, resulting in delays in shipments and impeding the timely replenishment of inventory levels. In March 2024, the 2-Ethylhexyl Acrylate market encountered a slight tightening in its supply chain alongside increased demand from downstream Paint and Coating enterprises. Nationwide Rail Strike at the beginning of March disrupted 2-Ethylhexyl Acrylate supply chains in the German market. Europe's largest economy has been facing challenges since the Russia-Ukraine conflict, including soaring energy costs and rising borrowing expenses. The pricing environment for the commodity in Q1 2024 has been influenced by various factors, resulting in both price increases and decreases. Overall, the market has experienced a mix of positive and negative trends, reflecting the challenges and opportunities in the industry.
For the Quarter Ending December 2023
North America
The North American market for 2-Ethylhexyl Acrylate in the fourth quarter of 2023 experienced a bearish trend, driven by weak demand from the downstream paints and coating industry. The supply of the product was sufficient, leading to reduced production rates by manufacturers to avoid oversupplies. The prices of the commodity showed a downward trajectory, with a 0.8% decrease compared to the previous quarter.
One of the primary reasons for the market's performance was the adequate supply of 2-ethylhexyl Acrylate, which prompted producers to reduce their production rates. Additionally, the weak demand from the paints and coating industry contributed to the bearish sentiment in the market. There were no reported plant shutdowns during the quarter.
In the USA, the prices of 2-Ethylhexyl Acrylate increased by 0.8% compared to the previous quarter. The market showed a bearish trend, driven by weak demand from the paints and coating industry and limited supply. The prices of the upstream feedstock, Acrylic Acid, also increased, adding to the cost of production, despite this, the prices of the commodity declined due to the lower demand from the downstream Paint and Coating enterprises. Overall, the market conditions in the USA were unfavorable for the commodity, leading to a decline in prices. The quarter-ending price of 2-Ethylhexyl Acrylate in the USA was USD 1576/MT (DEL-Louisiana).
APAC
The fourth quarter of 2023, for the APAC region, witnessed bullishness in the 2-Ethylhexyl Acrylate market as the demand from the downstream Paints and Coating industry was high. However, there were a few factors that impacted the market and prices. Firstly, the supply of the commodity was low, and the disturbance in the supply/demand equilibrium contributed to the bullish price trend. Secondly, the anticipation of cost inflation and revision in price trends due to strong market sentiments impacted the market. Lastly, the disruption of the supply chain and accelerating demand were also factors that altered the price trend. In China, which experienced the most significant price changes, the trend was bullish due to increased demand from the downstream Paints and Coating industry and insufficient stocks. The price increased by 9% in December 2023. The trend, seasonality, and correlation price percentage for China in Q4 were all positive. The percentage change from the current quarter to the previous quarter was 4.73%, and the percentage change from the same quarter last year was 27%. The price for 2-Ethylhexyl Acrylate FOB Qingdao in China at the end of the quarter was USD 1792/MT.
Europe
In the fourth quarter of 2023, the 2-Ethylhexyl Acrylate market in Europe experienced a bearish trend, with prices declining. This can be attributed to several factors. Firstly, there was a high supply of the commodity, which met the low demand from the downstream paints and coating industry. Additionally, the prices of the upstream feedstock, Acrylic Acid, decreased, leading to a drop in the price of 2-ethylhexyl Acrylate. Furthermore, the market was influenced by the overall economic situation, including the inflation rate and the PMI of Germany. During this quarter, there were no reported plant shutdowns that affected the market. Germany, being a significant player in the European market, experienced the most significant changes in the price of 2-ethylhexyl Acrylate. The country saw a decline in prices, with a decrease of 6.03% compared to the previous quarter. This can be attributed to the low demand from the downstream sector and the high supply of the commodity. Looking at the price trends, there was a significant decrease of 39% compared to the same quarter of the previous year. This indicates a substantial decline in prices over time. In conclusion, the 2-Ethylhexyl Acrylate market in Europe, particularly in Germany, experienced a bearish trend in the fourth quarter of 2023. The low demand from the downstream sector, coupled with a high supply and decreased prices of the feedstock, led to a decline in prices. The market conditions were influenced by economic factors such as inflation and PMI. The price of 2-Ethylhexyl Acrylate in Germany for the current quarter is USD 1685/MT (FD-Hamburg).
For the Quarter Ending September 2023
North America
The market price of 2-Ethylhexyl Acrylate declined in the North American market during the third quarter of 2023. In the first half of the third quarter, a slight decline was observed in the price trend of the product as the prices of the product witnessed a notable decline in the US market, primarily attributed to a substantial 18% decrease in the cost of its key feedstock, 2-Ethylhexanol. Additionally, there was a 3.2% drop in the prices of another vital feedstock, Acrylic Acid. Furthermore, despite the stabilization of the US construction industry during the same period, the market for 2-ethylhexyl Acrylate faced challenges stemming from the poor performance of the construction sector. The European market primarily imports 2-Ethyl Hexyl Acrylate from the USA, and it experienced its most significant decline of the year, marked by a substantial decrease in demand within Germany and mounting raw material costs, even in the face of reduced input requirements. Whereas in the second half, a slight increase in the commodity prices was recorded, as the demand from the downstream paint and coating market was enhanced, due to which a surge in the consumption of the inventories was observed, creating the requirement of restocks for the utilization.
APAC
During the third quarter of 2023, the price trend of 2-Ethylhexyl Acrylate gradually increased and reached USD 1695/MT (FOB-Qingdao). In the month of July 2023, amidst concerns about a potential global recession, the downward trend in demand from the construction and adhesive industries contributed to a positive shift in consumer purchasing behavior, subsequently influencing the overall pricing dynamics of the market. Meanwhile, the rise in raw material expenses arising from elevating crude oil costs exerted additional pressure on the market's pricing structure. During the month of September, the supply rate remained normal, backed by a well-functioning supply chain and declining shipping costs. The costs of shipping were on the decline due to challenges faced by carriers in the contract market. These difficulties stem from a combination of low demand and an increasing surplus of shipping capacity, resulting in substantial and ongoing reductions in long-term shipping rates. As the downstream construction industry showcased overwhelming market performance during the week, the demand for 2-ethylhexyl Acrylate surged.
Europe
In Q3 2023, with the lower inventory level and disruption in the supply/ demand fundamentals, the purchasing activities of 2-Ethylheyl Acrylate plummeted, dragging down the commodity's price trend. During Sept 2023, the price trend of 2-Ethylheyl Acrylate in Germany declined to USD 1710/ton FD Hamburg. The price of 2-Ethylhexyl Acrylate in the German market took a significant nosedive due to a combination of factors, primarily stemming from a sluggish demand within the construction industry. This downturn in the construction industry marked the most substantial decline observed throughout the year, with a notable drop in domestic demand in Germany and rising costs of raw materials despite reduced input requirements. Additionally, the availability of more affordable imports from the USA and other European nations further contributed to the decline in prices within the 2-Ethylhexyl Acrylate market. A consistent decline in the European construction sector reduced the inquiry for 2-Ethylhexyl Acrylate imports, which eventually affected its overall market demand. Therefore, due to the sufficient inventories in storage units and low demand from the domestic market, the commodity prices were declining.
For the Quarter Ending June 2023
North America
The market prices of 2-Ethylhexyl Acrylate followed a downward see-saw trend, with prices ranging at USD 1783/ton FOB Texas in June within the USA market. The sharp rise of the upstream Propylene market and the downstream DOP market rose, along with downstream procurement enthusiasm for paints and coatings-based products, were good enough. The PMI of Germany was revised slightly higher to 43.2 in May, and the manufacturing output expanded amid a broad-based rising of demand, with exporters' orders increasing at the fastest pace in June. In May, the supply was high, causing a rise in inventories of 2-Ethyl Hexyl Acrylate with the traders and the suppliers. The market demand from the downstream construction market fell, affecting the trade sentiments and causing prices to decline in the domestic market. Consumption declined in the region with lower market sentiment, resulting in high supply. Following recent developments, the value of 2-EHA in the United States experienced a steep rise which correspondingly affected the procurement expenses of 2-EHA reported by traders. Concurrently, the increasing prices of 2-Ethylhexanol, an essential precursor material, together with elevated market interest, have contributed to alterations in the pricing conditions of 2-EHA. These transformations have been driven primarily by global macroeconomic factors, including expectations of a forthcoming budgetary crisis, leading to increased demand among consumers in April.
Asia
The prices of 2-Ethylhexyl Acrylate elevated in the Asian market at USD 1290/ton FOB Qingdao in the Chinese region during April. In China, 2-Ethylhexyl Acrylate prices rose considerably, resulting from increasing operational rates affecting local procurement dynamics. Even though the cost of propylene edged slightly lower, inadequate expenses elevated pricing gains for the downstream DOP sector causing a substantial elevation in demand for 2-EH from downstream producers. The demand for 2-Ethylhexyl Acrylate elevated, and the consumption rate increased in the regional market due to increasing demand from the region as per the traders. Under multiple positive factors, the product trend was increasing under the contradiction between supply and demand. Therefore, the domestic 2-Ethylhexyl Acrylate market might undergo slight fluctuations and upward trends. These fluctuations and increases can be attributed to several factors, including the supply and demand dynamics of the raw material 2-Ethylhexanol. The interplay between the availability and demand for 2-Ethylhexanol can impact the overall market conditions for 2-Ethylhexyl Acrylate. These factors contribute to the potential fluctuations and growth observed in the domestic market for 2-Ethylhexyl Acrylate.
Europe
Recent events have created uncertain conditions for the European region's 2-Ethylhexyl Acrylate market, where a drop in its prices to USD 1980/ton FD Hamburg has been recorded. The international trade between key countries like the USA, Belgium, Spain, Italy, France, and the Netherlands relies heavily upon buyer demands managed through reliable supply chains that maintain adequate amounts of inventory to cater to downstream needs. However, the latest statistics indicate that these favorable circumstances may change, particularly given how the Market Condition indices have sharply dipped below expectations since December last year. Specifically, Markit Manufacturing Purchasing Manager's Index has decreased by almost two points to an alarming 40.6 index point score and an increase in Consumer Price Indices (CPI), reaching an elevated reading of 116.8 points. This turbulence suggests waning confidence within the regional economy and could potentially upset the stability of related markets, such as the demand for 2-Ethylhexyl Acrylate. Overall, the impact of sellers and buyers will likely shape future market outcomes with the help of Germany's stable industrial output, contributing to balancing market sentiments.
For the Quarter Ending March 2023
North America
The market value of 2-Ethyl Hexyl Acrylate depleted in the USA market with costs at USD 1781/ton FOB Texas during Q1, 2023. With a decrease in production cost and operating rates of Acrylates in the US market, the prices of 2-Ethylhexyl Acrylate fell with a decline in marginal demand, and prices of feedstock (2-Ethylhexanol) were also de-escalated. The logistics have plummeted in the USA market, although the freight charges from US East Coast to East Asia elevated, and the supply chain situation was moderate. Decrease in demand from the consumers of 2-Ethylhexyl Acrylate for the manufacturing of adhesives and coatings in the regional USA market with a rise in inventories with the traders and the merchants.
Asia
The prices of 2-Ethyl Hexyl Acrylate depleted in the Chinese market with costs at USD 2356/ton FOB Texas during the first quarter. The market value of the product de-escalated with fluctuation in the prices of the polymer & resin-based products. The inventory level of the Polymer & Resin based product escalated with the traders and the suppliers in the region. Falling sales have been generated by the Polymer & Resins market in the region, further lowering the quotations of the product due to weak procurement of the Bulk Chemicals and Fertilisers and falling inventories level with the traders and merchants in the regional market. Plummeting production costs of feedstock raw material 2-Ethylhexanol impacted the 2-Ethylhexyl Acrylate prices as quoted by the Indian traders.
Europe
The costs of 2-Ethylhexyl Acrylate moved in a downward sloping pattern during the first quarter of 2023 in Europe, with prices ranging at USD 3207/ton FD Hamburg in the German market. The marginal demand for the product decreased in the German market with the decrease in production cost and lower demand from the downstream Acrylates market. With oversupplies of feedstock 2-Ethylhexanol from the exporting nations, the market value was depleted, although the freight charges were fluctuating in the region, creating confusion amongst the traders regarding the prices in the region, which in turn impacted the supply chain values.
For the Quarter Ending December 2022
North America
The prices of 2-Ethylhexyl Acrylate were observed to be decreasing in the regional North American market during Q4 of 2022, with costs ranging at USD 2523/MT FOB Texas during December 2022, as per ChemAnalyst Research team data. Despite low input costs, 2-Ethylhexyl Acrylate prices plummeted in the US market this quarter. There has been a general decline in demand for 2-Ethylhexyl Acrylate in downstream industries like adhesives and sealants. Consumption declined in the region with lower market sentiment, resulting in high supply. The regional market for feedstock (2-Ethylhexanol) plunged due to weakening consumption levels and falling market sentiment.
Asia
In the Asian market, the prices of 2-Ethylhexyl Acrylate plummeted with a market price of USD 1628/MT FOB Qingdao during the fourth quarter of 2022 in China, as recorded in October. Shock adjustment of 2-Ethylhexyl Acrylate was observed in the Chinese market, downstream operations were underway, and the orders from the downstream demand have been rigid, product manufacturers started at a low level, and the supply has been temporarily steady, with the overall 2- Ethylhexyl Acrylate market weakening. The enthusiasm of downstream manufacturers to purchase 2-Ethyl Hexyl Acrylate has been sluggish, and production declined due to the contradiction between supply and demand fundamentals.
Europe
During Q4 of 2022, the prices of 2-Ethylhexyl Acrylate declined across the European market region, with costs ranging at USD 2969/MT FD Hamburg during November 2022. However, the prime factor that has affected the overall pricing dynamics for the product has been sluggish demand for the product from the domestic market and the steep fall in raw material costs, which compelled vital players to revise their offers for future purchases. The freight charges fluctuated in the region, which impacted the import prices of the European ports from the Asian countries.
For The Quarter Ending September 2022
North America
The prices of 2-Ethyl Hexyl Acrylate declined consistently in the North American region during the third quarter of 2022, with prices ranging at USD 3785/ton FOB Texas during July. Prices remained bolstered from strong to weak amidst high input costs. The demand outlook for the product was uncertain due to ongoing market disturbance after the growing speculations around a US recession in the market. Feedstock 2-Ethyl Hexanol prices were decreasing in the region, relieving the cost pressure from the downstream 2-Ethyl Hexyl Acrylate and resulting in a drop in the prices. The adhesives and sealants industry saw a decrease in demand in the regional market. The urge for the product from importing countries like Asia and Europe was falling.
Asia-Pacific
The prices of 2-Ethyl Hexyl Acrylate fell in the Asian market during the third quarter of 2022. Bulk producers were ready to negotiate on spot purchases for bulk procurers and regular buyers. The domestic market demand remained stable to weak during the first month of the quarter, supporting the overall stability of prices. Lower upstream values of 2-Ethyl Hexanol and decreasing consumption from the downstream adhesives and sealants industry affected the market sentiments. The prices ranged at INR 209170/ton 2-Ethyl Hexyl Acrylate Ex-Mumbai in September within India. The supply to other countries also fell, affecting the market sentiments as orders for the product decreased from the importing countries.
Europe
The prices of 2-Ethyl Hexyl Acrylate fell in the European region, with prices ranging at USD 3730/ton FD Hamburg Germany during August in the German market. However, the low downstream demand's prime factor affected the product's overall pricing dynamics. The steep decrease in the raw material cost compelled the key players to revise their offers for future purchases in the regional market. Although, changes in the current market scenarios changed the overall pricing trend in the country during the quarter. Meanwhile, the imports from the other regions also remained buoyant into the European countries, further strengthening the supply fundamentals. Stable to firm supplies amidst falling demand has been a major reason for weakened pricing dynamics and an increase in inventories.
For the Quarter Ending June 2022
North America
Rising raw material cost despite low demand from the domestic market has been a concern for the US market since the start of this year. Rising inflationary pressure amidst wavering demand fundamentals for commodities has pushed the market toward stagnation. However, prices remained buoyant for 2-Ethylhexylhexyl Acrylate in the US market during this quarter, bolstered by modest to stable demand from the regional market amidst high input costs. However, the demand outlook for the product was uncertain due to ongoing market disturbances post the arrival of depression in the market. In addition, high raw material costs were exacerbated by a sudden increase in natural gas value, which also affected the pricing dynamics of the product in the USA.
Asia
2-Ethylhexanoic Acid prices showcased mixed sentiments during this quarter; contrary to other Asian countries, 2-Ethylhexyl Acrylate prices remained high in the Indian market during June 2022. As per the market insights, traders revised their offers for current spot purchases due to lower product availability in the country. However, for bulk procurers and regular buyers, significant players were ready to negotiate on spot purchases; thus, pricing dynamics remained opposite for some buyers. On the Other Side, the Weakening demand from the domestic market amidst ample product availability led to a significant fall in the price of 2-Ethylhexyl Acrylate in China during the second half of the quarter. As per the insights, the Chinese market showcased a negative market sentiment for the product due to low offtakes from the domestic niche buyers.
Europe
2-Ethylhexyl Acrylate price kept rising throughout the quarter in the European market, owing to modest demand from the region amidst rising production costs. As per the intel, the German market faced a fear of natural gas shortage in the country due to the worsening Russia Ukraine war situation and the decision made by the Russian government to stop supplies of Natural gas. However, the prime factor that affected the overall pricing dynamics for the product was stable demand for the product from the domestic market and the steep rise in raw material cost, which compelled key players to revise their offers for future purchases.
For the Quarter Ending March 2022
North America
Because of the rapid price increase in upstream crude oil under the effect of the Ukraine-Russia war, the North American Acrylate market has been on an uptrend since the first week of this year. Since January, the crisis between Ukraine and Russia has had an impact on crude oil prices, like it had on global market sentiments. As a result of the inflationary pressure on convertors, several upstream commodities in the US market became more expensive week after week. The US government, on the other hand, attempted to stabilize prices by releasing strategic reserves and urging other significant economies, such as India, China, and Japan, to do the same. Thus, despite all these strategies and efforts put by government, 2-Ethylhexyl Acrylate price remained buoyant and assessed around USD 2590/MT in USA during February.
Asia Pacific
During this quarter, the Asian Acrylate market had mixed sentiments, which varied by country. In the Asian market, cost pressure from increased crude oil prices has been noted on various acrylates, triggered by recent intensified tensions between Russia and Ukraine. Since mid-January, tensions between Russia and Ukraine have injected uncertainty into the global market, driving up prices for global crude and natural gas futures. Traders were restricted from making large price increases on their imported commodities in India due to weak offtakes from the domestic market, despite imported prices increasing month over month. Conclusively, after all these hiccups, 2-Ethylhexyl Acrylate hovered around USD 2540/MT during February in China.
Europe
The growing price of crude oil, combined with rising energy prices in Europe, prompted important players to raise their offers in order to maintain margin. Due to their reliance on Russia for natural gas imports, Acrylate producers have been hit by the looming threat of natural gas scarcity, which has caused them to be concerned about margins. Natural gas contracts, on the other hand, soared out and injected significant turbulence into regional markets as a result of hefty sanctions on Russia imposed by major European countries such as Germany and the United Kingdom. Consequently, under these circumstances, 2-Ethylhexyl Acrylate rose effectively and were assessed around USD 2651/MT during February.
For the Quarter Ending December 2021
North America
2-Ethylhexyl Acrylate price maintained overall stability throughout the quarter across US market. Market movement in USA remained elevated for some chemicals while dull for others and 2-Ethylhexyl Acrylate came into dull category. As per the analysis, demand remained effectively low from downstream users, while raw material also kept on tumbling across domestic market. As per the ChemAnalyst data, raw material 2-Ethyl hexanol, decayed by more than 7% within the quarter, while an overall decline of USD 100/MT was observed for another raw material Acrylic Acid. Therefore, taking advantage of cheaper raw materials, 2-Ethylhexyl Acrylate manufacturers negatively revised their offers across US market.
Asia
In Asian market2-Ethylhexyl Acrylate performed differently for different Asian countries during Q4 2021. In China, productions cuts and high energy price reduced the availability of several raw material in the country which also affected the production activities of other neighbouring nations like India. Meanwhile, Indian market remained buoyant on the back of high demand from domestic market during November, as festive season in bolstered the market dynamics of the country. On the other hand, Singapore market was the centre of attraction, as consistent and steep price escalation was observed due to high demand and soaring raw material cost. In Singapore, 2-Ethylhexyl Acrylate prices assessed around USD 3005/MT during December.
Europe
Despite of the fact that, European market showcased a sudden jump on production activities as economic activities bounced back from pandemic related uncertainties, 2-Ethylhexyl Acrylate price kept on declining across European market. Demand fundamentals for the product maintained overall stability during this quarter, while raw material cost kept on declining after prolonged price escalation, which supported this downtrend. Conclusively, 2-Ethylhexyl Acrylate price declined effectively during this quarter on the back of cheaper raw material cost and settled around USD 2600/MT during December.
