For the Quarter Ending September 2025
North America
• In USA, the Acrylic Acid Price Index fell by 2.8% quarter-over-quarter, due to ample supply.
• The average Acrylic Acid price for the quarter was approximately USD 1288.33/MT reported by surveys
• Acrylic Acid Spot Price eased on ample inventory while Acrylic Acid Price Index stayed subdued
• Acrylic Acid Price Forecast points to softening amid balanced supply and muted downstream coatings demand
• Acrylic Acid Production Cost Trend ticked higher as propylene strength slightly increased manufacturing expense pressure
• Acrylic Acid Demand Outlook remains cautious with hygiene sector steadiness offsetting weak residential construction activity
• Inventory accumulation pressured the Acrylic Acid Price Index while exporters constrained shipments to manage balances
• North American producers maintained high run rates, constraining upside for Acrylic Acid Spot Price near-term
Why did the price of Acrylic Acid change in September 2025 in North America?
• Ample domestic output and inventories increased availability, prompting downward pressure on spot quotations and offers.
• High operating rates expanded supply while propylene upticks pushed production costs slightly higher for producers.
• Policy and tariff uncertainty, plus weak residential construction demand reduced buying urgency and spot activity.
APAC
• In Japan, the Acrylic Acid Price Index fell by 4.71% quarter-over-quarter, reflecting subdued downstream demand.
• The average Acrylic Acid price for the quarter was approximately USD 897.33/MT, reflecting subdued trading.
• Acrylic Acid Spot Price showed volatility as plant operations and smooth propylene flows supported supply.
• Acrylic Acid Production Cost Trend eased with lower propylene, prices remained pressured by weak exports.
• Acrylic Acid Demand Outlook varied; hygiene demand firm while construction and coatings buying remained cautious.
• Acrylic Acid Price Forecast expects near-term range-bound movement amid ample inventories and cautious downstream procurement.
• Acrylic Acid Price Index reflected downward bias this quarter due to high run-rates, subdued demand.
• Inventory builds and exports from major producers tempered upside, keeping Acrylic Acid Spot Price pressured.
Why did the price of Acrylic Acid change in September 2025 in APAC?
• Ample production and uninterrupted propylene receipts increased merchant availability, pressuring Acrylic Acid prices in September.
• Muted export inquiries and cautious downstream procurement limited demand, restraining any meaningful Acrylic Acid Price Index recovery.
• Lower propylene costs eased Production Cost Trend, while tariff uncertainties influenced seller caution and stability.
Europe
• In France, the Acrylic Acid Price Index fell by 0.39% quarter-over-quarter, reflecting balanced supply-demand conditions.
• The average Acrylic Acid price for the quarter was approximately USD 1264.00/MT, reflecting subdued trading.
• Acrylic Acid Spot Price remained subdued amid steady operations, restrained buying and import competition overall.
• Acrylic Acid Production Cost Trend stayed flat as propylene flows and energy prices remained stable.
• Acrylic Acid Demand Outlook shows muted construction and coatings activity, limiting spot purchases and restocking.
• Acrylic Acid Price Forecast indicates range-bound trading near current levels, subject to downstream demand, inventory.
• Inventory abundance and export demand pressured domestic margins, constraining upward moves in the Price Index.
• Logistics disruptions such as Rhine low water and Le Havre congestion pressured flows, offsetting steadiness.
Why did the price of Acrylic Acid change in September 2025 in Europe?
• Balanced supply, steady plant operations and ample inventories reduced urgency for buying, limiting price upside.
• Rising propylene costs were offset by import competition and inventory buffers, muting pass-through to prices.
• Logistics constraints like Rhine low water increased distribution frictions but insufficiently tight to lift prices.
MEA
• In Saudi Arabia, the Acrylic Acid Price Index fell by 1.23% quarter-over-quarter, reflecting cost softening.
• The average Acrylic Acid price for the quarter was approximately USD 858.33/MT, supported by steady feedstock.
• Balanced Acrylic Acid Spot Price movements reflected steady domestic runs and neutral Price Index momentum.
• Acrylic Acid Price Forecast shows limited near-term volatility as exports offset marginally rising freight costs.
• Acrylic Acid Production Cost Trend softened as narrower propylene spreads prompted downward pressure on offers.
• Acrylic Acid Demand Outlook remains steady as construction and coatings support volumes despite mixed buying.
• Acrylic Acid Price Index stability reflected ample inventories and export orders, offsetting freight insurance pressures.
• Major producers ran at high utilisation without outages, underpinning supply and neutral Price Index signals.
Why did the price of Acrylic Acid change in September 2025 in MEA?
• Balanced domestic production and steady export demand limited price movement despite occasional regional buying divergences.
• Softer propylene spreads lowered production costs; higher Red Sea freight and insurance raised landed costs.
• Stable inventories, unchanged energy tariffs and absence of turnarounds preserved market sentiment, limiting speculative spikes.
South America
• In Brazil, the Acrylic Acid Price Index fell by 4.66% quarter-over-quarter, driven by lower import costs and weak demand.
• The average Acrylic Acid price for the quarter was approximately USD 1330.67/MT, based on CFR Santos spot assessments.
• Acrylic Acid Spot Price remained subdued amid ample inventories and imports, keeping the Price Index depressed.
• Acrylic Acid Price Forecast indicates mild downside risk near-term given soft demand and import competitiveness.
• Acrylic Acid Production Cost Trend remained flat as propylene feedstock and utility tariffs were unchanged.
• Acrylic Acid Demand Outlook stays muted with construction and hygiene segments cautious, limiting inventory purchases domestically.
• Export demand weakness and tariff uncertainty pressured margins, further reducing the Acrylic Acid Price Index.
• Major domestic plants ran normally while distributors held comfortable stocks, supporting stable Acrylic Acid Price Index.
Why did the price of Acrylic Acid change in September 2025 in South America?
• Adequate inventories, restrained domestic demand limited buying, applying downward pressure on Acrylic Acid Price Index.
• Currency depreciation and high Selic financing costs constrained converters' working capital, reducing procurement and demand.
• Tariff uncertainty, US trade actions dented export prospects, discouraging restocking and weighing on market confidence.
For the Quarter Ending June 2025
North America
• The acrylic acid Spot Price in North America decreased by 1.61% quarter-over-quarter in Q2 2025, reflected in a bearish Price Index.
• In early Q2, the acrylic acid Price Index rose due to improving demand for acrylic acid from the construction and coatings industries.
• Market activity was influenced by broader economic factors, including proposed tariffs that affected investor sentiment.
• By mid-Q2, bearish sentiment emerged as demand weakened and inventories remained sufficient. Oversupply conditions led to cautious trading behavior, and producers adjusted Price Index values downward to remain competitive.
• In the latter part of the quarter, the Price Index surged again, supported by constrained supply due to maintenance shutdowns at major facilities like American Acryl, which impacted merchant-grade availability.
• Despite moderate end-user demand, especially from the construction sector, limited spot supply, and uncertain trade policy outlook reinforced bullish sentiment toward the end of the quarter.
Why did the price of Acrylic Acid change in July 2025 in the US?
• The Acrylic Acid Spot Price in the US remained unchanged in July 2025 due to steady supply levels and consistent production operations.
• The Acrylic Acid Production Cost Trend stayed neutral as feedstock propylene prices showed little to no variation.
• The Acrylic Acid Demand Outlook was moderate, with downstream sectors like coatings and construction showing limited but stable consumption.
• The Acrylic Acid Price Forecast reflected a balanced market, supported by cautious trading behavior and steady inventory management.
APAC
• The acrylic acid Spot Price in APAC decreased by 2.28% quarter-over-quarter in Q2 2025, reflected in a bearish Price Index.
• The acrylic acid market in the APAC region, in Indonesia, showed a mixed performance throughout the second quarter, shifting between bullish and bearish trends.
• Early in the quarter, the market witnessed a firm upward movement in the price index due to post-holiday demand recovery, higher input costs from China, and increased procurement from downstream construction sectors.
• However, this bullish momentum gradually faded as demand began to weaken and import costs from China decreased, pushing the price index downward.
• Mid-quarter, the market experienced temporary stability, supported by unchanged import prices and adequate inventory levels that met end-use demand.
• Toward the end of the quarter, the price index declined again due to oversupply from China, aggressive pricing by exporters, and reduced buying interest among Indonesian buyers.
• Currency appreciation and continued subdued activity in downstream sectors like coatings and construction further contributed to the bearish trend, as buyers limited purchases to short-term needs.
Why did the price of Acrylic Acid change in July 2025 in Asia?
• The acrylic acid spot price in Asia declined in July 2025 as increased supply from key exporting nations like China outpaced demand, leading to competitive pricing and a downward adjustment in regional markets.
• The acrylic acid demand outlook weakened due to limited procurement from downstream sectors such as construction and coatings, as buyers focused on short-term needs amid economic caution.
Europe
• The acrylic acid Spot Price in Europe increased by 4.12% quarter-over-quarter in Q2 2025, reflected in a bearish Price Index.
• The European acrylic acid market exhibited mixed trends over Q2 2025, beginning with a bullish outlook driven by seasonal demand from coatings and construction sectors.
• In early April, improved buyer sentiment and increased purchasing activity supported an upward movement in the price index, amid the ongoing logistical challenges due to low Rhine River water levels.
• However, by May, anticipated demand failed to materialize fully, leading to oversupply, high inventory levels, and weakening demand from downstream sectors, causing a drop in the price index.
• While production costs rose in May due to increasing feedstock prices, the acrylic acid price index continued to decline under the pressure of excess supply and subdued construction activity.
• Entering June, the market stabilized with improved Rhine logistics and consistent contractual supply, though spot trading remained limited due to weak demand and competitive import pressure, keeping the price index range-bound.
Why did the price of Acrylic Acid change in July 2025 in Europe?
• The Acrylic Acid Spot Price in Europe remained steady further due to balanced supply and demand dynamics amid limited market activity.
• The Acrylic Acid Demand Outlook showed cautious consumption from the coatings and construction sectors, as buyers continued to adopt cautious procurement strategies in response to persistent weakness in the construction industry.
• Based on the Acrylic Acid Price Forecast, the European market is expected to remain range-bound in the near term, with suppliers closely monitoring logistics and sector-specific developments before adjusting prices.
MEA
• The acrylic acid Spot Price in the Middle East decreased by 1.05% quarter-over-quarter in Q2 2025, reflected in a bearish Price Index.
• The acrylic acid market in the Middle East experienced mixed trends over the second quarter of 2025, beginning with a period of stability, followed by a brief price correction, and ending with renewed steadiness.
• In April and May, the Price Index declined due to softening demand, easing production costs, and reduced overseas inquiries. Market activity slowed, and cautious sentiment led suppliers to adjust pricing strategies downward.
• By June, the Price Index stabilized again, underpinned by consistent demand from downstream construction sectors.
• Improvements in Saudi Arabia's logistics and infrastructure, particularly port activity, contributed to the overall operational stability of the market.
• Procurement remained consistent, with both buyers and sellers maintaining a cautious but steady pace, aligning with the country’s ongoing economic development plans under Vision 2030.
Why did the price of Acrylic Acid change in July 2025 in the Middle East?
• The price of acrylic acid in the Middle East declined in July 2025 primarily due to lower production costs, driven by steady-to-declining prices of feedstock propylene.
• Despite consistent demand and stable trade activity, producers revised their ex-quotations downward to align with evolving market expectations and maintain competitiveness.
• The market entered a more price-sensitive phase as participants reacted to changing input costs, even though supply-demand fundamentals remained unchanged.
For the Quarter Ending March 2025
North America
In the first quarter of 2025, the North American acrylic acid market remained consistently bearish, influenced by sluggish demand, cautious trading behavior, and macroeconomic uncertainties. In January, market participants maintained subdued market activity driven by seasonal construction slowdowns and hesitation ahead of policy changes under President Donald Trump's new administration. Heavy snowfall further disrupted logistics, although ample inventory levels cushioned the impact. The looming expiration of the USMX-ILA contract added additional uncertainty to supply chain dynamics.
February continued this trend, with the market showing limited movement due to extreme weather conditions, including a polar vortex that disrupted industrial operations. Downstream demand from sectors like coatings and construction remained tepid, and producers opted to maintain steady output to prevent oversupply. Despite eased logistical issues, trading remained subdued due to low consumption and adequate stock levels.
By March, bearishness deepened as businesses remained cautious amid ongoing economic concerns, including potential tariff adjustments. While supply chains began to normalize, buyers limited procurement, and suppliers avoided aggressive pricing strategies. Throughout the quarter, restrained market activity reinforced the bearish tone, with participants navigating the market conservatively amid an uncertain and slow-demand environment. This quarter witnessed a decline of 5.88% in comparison to the last quarter of 2024.
APAC
Throughout the first quarter of 2025, the acrylic acid market in the APAC region continued to exhibit a mixed trend, shaped by weak demand, restrained trading activity, and the holiday season. In January, the acrylic acid market began on a bullish note due to increased pre-Lunar New Year procurement and supply limitations caused by maintenance turnarounds. However, this bullish sentiment was temporary. As the holiday approached, market activity gradually slowed, with most participants stepping away from the market, leading to a more stable pricing environment by the end of the month. In February, despite expectations of a post-holiday demand revival, market momentum failed to pick up in the second weeks of the month. Downstream sectors such as construction and coatings remained weak, with buyers hesitant to place new orders. However, the ongoing maintenance activity and the recovery in demand in the third week of the month provided slight support to the market sentiments but it only witnessed a steady incline in this month. The bearish tone became more pronounced in March when a combination of weak international demand, logistical challenges, and persistent supply surpluses began to weigh more heavily on the market. Although some suppliers reduced their operating rates, market sentiment continued to slide due to oversupply and minimal procurement activity. The market faced additional strain from increased trade barriers and the rising cost of exports, further dampening demand. As a result, the acrylic acid market in the APAC region closed the quarter with a firmly bearish outlook.
Europe
In the first quarter of 2025, the acrylic acid market in Europe remained largely bearish, shaped by weak downstream demand, ample inventory levels, and economic uncertainty. January began with a brief uptick in sentiment driven by rising production costs and a temporary supply disruption due to plant maintenance. However, this was quickly offset by sluggish demand from the construction and coatings sectors, along with restrained procurement behaviors from buyers facing broader economic headwinds. February sustained this subdued momentum, with stable production costs and a lack of new orders maintaining the market’s bearish tone. Export challenges, coupled with geopolitical tensions and cautious business activity, further dampened any prospects for recovery. Despite port congestion in Hamburg, supply chains remained largely unaffected due to high stock levels and limited trading activity. By March, the bearish trend deepened, as downstream industries continued to witness challenging performance. The market shifted its focus towards fulfilling contract obligations, with minimal spot transactions and restrained imports from Asia. Market participants operated cautiously, holding firm on quotations but refraining from aggressive selling amid soft demand. As the quarter closed, the European acrylic acid market showed little sign of immediate revival, with future performance hinging on a meaningful rebound in end-user sectors and broader economic stabilization.
MEA
In the first quarter of 2025, the acrylic acid market in Saudi Arabia remained largely stable, driven by a steady production rate and consistent demand from downstream sectors, particularly construction and coatings, supported by the Kingdom’s ongoing Vision 2030 initiatives. January saw balanced market activity as stable feedstock prices and improved logistics helped maintain equilibrium between supply and demand. This balance was further reinforced by a resilient performance from infrastructure and industrial projects. In February, the market continued its steady trajectory, with producers confidently maintaining pricing amid efficient inventory management and uninterrupted procurement from downstream industries. A brief surge in bullish sentiment occurred in early March, spurred by strengthened construction activity and slight upward pricing adjustments by suppliers. However, this momentum was short-lived. As the month progressed, market players continued with their trading activities for the anticipated demand during the Eid Al Fitr holidays in the Middle Eastern regions. However, at the end of the month, the market participants scaled back their activities in anticipation of the Eid Al Fitr holiday, leading to reduced trading volumes and a return to bearish sentiment. Overall, the quarter was characterized by a well-supplied market, consistent demand, and stable pricing, punctuated by brief fluctuations tied to seasonal and strategic factors. Market participants remained cautiously optimistic, navigating competitive pressures and macroeconomic considerations while maintaining supply chain efficiency and pricing stability.
South America
In the first quarter of 2025, the South American acrylic acid market consistently exhibited bearish sentiment, largely driven by subdued demand, economic uncertainty, and stable yet lower import costs. In January, market activity remained sluggish as downstream sectors such as construction and coatings slowed down due to seasonal factors and hesitation ahead of expected policy shifts in the U.S., creating an atmosphere of uncertainty. Import costs stayed low, and suppliers maintained stable quotations amidst weak buying interest. In February, this trend continued as businesses were further constrained by rising interest rates and a depreciating currency, which weakened purchasing power and curtailed new orders. Ample inventory levels also meant there was little urgency for fresh procurement, prompting market participants to adopt a conservative approach. Moving into March, bearishness persisted with ongoing concerns over potential tariff implementations and broader global economic instability. The downstream construction sector continued to underperform, and despite steady inventory levels, new demand remained muted. At the end of the month, the suppliers opted for a wait-and-watch strategy, refraining from aggressive pricing due to the prevailing uncertainty. Collectively, these factors sustained a cautious market environment throughout the quarter in the South American acrylic acid.
For the Quarter Ending December 2024
North America
Throughout Q4 2024, the Acrylic Acid market in North America witnessed a notable decline in prices, driven by several key factors such as reduced feedstock Propylene costs. Furthermore, the demand for Acrylic Acid from downstream sectors like Coating and Construction remained low and was balanced out by ample inventory levels of the commodity in the storage units. Moreover, the hurricane season caused disruption in production and supply chains, further dampening market activity.
Despite the Federal Reserve's interest rate cut meant to boost consumer sentiment, market participants remained cautious due to factors like the ILA strike, Trump's election victory, and overall economic uncertainty which continued to shift the market sentiments downwards. Additionally, low liquidity and a lack of new orders throughout the quarter highlighted ongoing struggles. Hence, these factors combined and showcased persistent bearishness in its trend.
The overall trend in the US reflected the broader North American market, with prices declining by 2.6% compared to the previous quarter, indicating a sustained negative pricing trend.
APAC
During Q4 2024, the Acrylic Acid market in Japan exhibited a bullish trend despite fluctuating production costs attributed to fluctuating feedstock Propylene prices. Bullishness was maintained as it was driven by external economic factors that outweighed the fluctuation in raw material costs. Japan faced significant challenges, including a high number of bankruptcies, labor shortages, and rising debt-servicing costs following interest rate hikes. The ongoing structural labor shortage and disruptions caused by earthquakes further impacted market sentiments. Furthermore, slight improvements in the Construction and Real Estate sectors contributed to a price increase towards the end of November. The demand for Acrylic Acid from downstream Coating and Construction enterprises showed a slight incline, supported by increased sales to emerging markets, particularly India. Despite a positive shift in business sentiment, the outlook remained uncertain due to potential global trade disruptions linked to U.S. President-elect Donald Trump's proposed tariffs. Market participants adjusted their ex-quotations upward to reflect improved market dynamics, highlighting the complex interplay of economic, political, and environmental factors influencing the Acrylic Acid market in Japan during this period.
Europe
Throughout Q4 2024, the Acrylic Acid market in Europe exhibited a bearish trend, driven by declining production costs and weak demand from downstream sectors such as Coating and Construction. The decrease in feedstock Propylene prices played a significant role in reducing manufacturing expenses. Despite a slight easing in the rate of contraction within the construction industry, the sector continued to face challenges, including a sharp decline in new orders and growing pessimism among firms. This negative outlook led to further job cuts and reduced demand for construction-related materials. Market participants offered discounts to clear excess inventory however, eroded consumer confidence and tight financial conditions continued to suppress demand. External factors like labor shortages, heightened market uncertainty, and elevated costs further exacerbated market sentiment. New orders remained low, and existing inventory levels were sufficient to meet the subdued demand. Additional challenges, such as rail freight disruptions and a deteriorating economic outlook, compounded the bearish sentiment within the market. Despite efforts to counteract weakening inflation through interest rate cuts by the European Central Bank, the overall market sentiment for Acrylic Acid in Europe remained cautious and bearish.
MEA
Throughout Q4 2024, the Acrylic Acid market in Saudi Arabia remained stable, witnessing only an incline of 0.15% in comparison to the previous quarters. The demand, particularly from downstream Coating and Construction sectors, was consistently moderate, ensuring that available inventory levels met the market needs satisfactorily. The country’s significant economic diversification efforts, including over $1.3 trillion in real estate and infrastructure projects under Vision 2030, have fortified the construction sector, driving consistent demand for construction materials. Although there was a slight rise in Propylene prices in early November, market stability persisted due to adequate inventory levels. Further bolstered by solid domestic demand, increased new orders, and sustained growth in employment within the sector, the Acrylic Acid market reflected positive business sentiment. Purchasing activity in October witnessed an uptick, and inventories rose sharply, maintaining sufficient stock levels. The culmination of stable production costs, balanced supply-demand dynamics, and ongoing infrastructure development resulted in a resilient and bullish market outlook for Acrylic Acid in Saudi Arabia by the end of the quarter.
South America
Throughout Q4 2024, the Acrylic Acid market in Brazil continued to showcase bearishness in its trend. This trend was primarily driven by declining production costs due to lower feedstock Propylene prices. Along with the reduced production cost, the subdued demand from downstream sectors, particularly Coating and Construction, and the declining import cost resulted in bearish market sentiments. These sectors faced weak demand, low liquidity, and significant challenges such as Hurricane Milton, labor disruptions due to the International Longshoremen’s Association (ILA) strike, and persistent economic uncertainties. This strike, which began on October 1st, affected major ports, exacerbating supply chain issues and inflationary pressures. Although the strike could have driven supply constraints and procurement urgency, low downstream sector demand neutralized this effect. Business confidence witnessed a decline, leading market players to scale back activities and lower their quotations. Despite infrastructure development initiatives such as expanding the Port of Santos, weak investor sentiment and high interest rates remained significant hurdles. The cautious market behavior, compounded by Donald Trump’s presidential victory, further influenced market dynamics. Therefore, despite these challenges, the Acrylic Acid market in Brazil exhibited resilience, with stabilized new orders and sufficient inventory levels balancing ongoing demand.
