For the Quarter Ending December 2025
North America
• In the USA, the Butyl Acrylate Price Index fell by 4.86% quarter-over-quarter, reflecting a demand slowdown.
• The average Butyl Acrylate price for the quarter was USD 1343.67/MT, on DEL Texas volumes.
• Butyl Acrylate Spot Price remained range-bound amid inventories and steady imports, keeping Price Index flat.
• Butyl Acrylate Price Forecast anticipates modest volatility near year-end from seasonal demand and shipping dynamics.
• Butyl Acrylate Production Cost Trend reflected stable n-butanol and propylene costs, keeping manufacturing margins unchanged.
• Butyl Acrylate Demand Outlook remained muted with construction slowdown, while adhesives and packaging sustained offtake.
• Butyl Acrylate Price Index decline coincided with Gulf Coast feedstock availability and steady import inflows.
• Producers maintained disciplined offers amid normal operating rates and inventories, limiting upside in Price Index.
Why did the price of Butyl Acrylate change in December 2025 in North America?
• Comfortable feedstock availability and steady imports removed scarcity premiums, pressuring spot and average prices lower.
• Seasonal construction slowdown reduced coatings consumption while logistics improved, discouraging buying and supporting cautious pricing.
• Stable n-butanol and propylene costs constrained producers’ need to raise offers despite sporadic Gulf maintenance.
APAC
• In Japan, the Butyl Acrylate Price Index fell by 6.84% quarter-over-quarter, reflecting softer import conditions.
• The average Butyl Acrylate price for the quarter was approximately USD 940.33/MT as reported above.
• Butyl Acrylate Spot Price weakness reflected incremental Asian volumes and steady domestic runs, pressuring negotiations.
• Butyl Acrylate Price Forecast signals modest downside near term before holiday restocking improves market balance.
• Butyl Acrylate Production Cost Trend subdued as n-butanol and acrylic acid eased, removing cost support.
• Butyl Acrylate Demand Outlook remains moderate with coatings and construction buying cautiously, limiting aggressive procurement.
• Butyl Acrylate Price Index dynamics showed terminal inventory accumulation, weaker export enquiries, pressuring offers locally.
• Producers ran normally while new cracker volumes lengthened C4 feedstock availability, weighing on prices domestically.
Why did the price of Butyl Acrylate change in December 2025 in APAC?
• Increased low-cost imports from China reduced Japanese CIF offers, undermining domestic pricing and compressing margins.
• Uninterrupted domestic production and regional cracker feedstock created a supply surplus, weakening spot discussions and reducing urgency.
• Soft downstream demand from coatings and construction, plus logistics steadiness, prevented supply shocks and recovery
Europe
• In Germany, the Butyl Acrylate Price Index fell by 4.92% quarter-over-quarter, reflecting demand weakness and oversupply.
• The average Butyl Acrylate price for the quarter was approximately USD 1327.00/MT, per assessed market average.
• Butyl Acrylate Spot Price remained range-bound as imports and domestic output balanced, limiting volatility regionally.
• Butyl Acrylate Price Forecast signals minor seasonal weakness into December, followed by cautious early-year restocking.
• Butyl Acrylate Production Cost Trend eased as n-butanol softened, reducing margin pressure for producers locally.
• Butyl Acrylate Demand Outlook remains subdued, given weak construction and automotive coatings, supporting cautious buying.
• Elevated inventories and steady imports pressured the Butyl Acrylate Price Index, prompting seller discounts broadly.
• Major German facilities ran routine rates, keeping availability ample while export demand remained muted recently.
Why did the price of Butyl Acrylate change in December 2025 in Europe?
• Seasonal construction slowdown reduced domestic offtake, creating surplus spot availability across German storage terminals effectively.
• Eased n-butanol costs lowered production expenses, while storm-related port delays temporarily disrupted specific import flows.
• Converters adopted hand-to-mouth buying amid high rates and weak demand, preventing meaningful price recovery inertia.
MEA
• In Saudi Arabia, the Butyl Acrylate Price Index fell by 1.93% quarter-over-quarter, reflecting balanced fundamentals.
• The average Butyl Acrylate price for the quarter was approximately USD 1082.67/MT, underpinned by contractual volumes.
• Neutral Butyl Acrylate Spot Price persists as domestic plants ran at capacity and imports remained marginal.
• Butyl Acrylate Price Forecast shows downside risk amid anticipated year-end destocking and steady feedstock costs.
• Butyl Acrylate Production Cost Trend is contained due to stable acrylic acid and subsidized propylene inputs.
• Butyl Acrylate Demand Outlook is moderate, with coatings and construction demand offset by restrained adhesive restocking.
• Butyl Acrylate Price Index stability is supported by smooth port logistics, high operating rates, and balanced inventories.
• Butyl Acrylate Spot Price volatility is limited by contractual lifts and limited arbitrage opportunities versus Asian markets.
• Butyl Acrylate Price Forecast contingent on Asian restocking and any sudden freight or feedstock disruptions.
Why did the price of Butyl Acrylate change in December 2025 in MEA?
• Balanced domestic production and steady exports in December left spot availability unchanged, limiting upward price pressure.
• Stable feedstock costs and high operating rates constrained production cost pass-through to FOB prices this month.
• Limited import dependence and smooth logistics prevented significant arbitrage or logistical-driven price spikes across regional routes.
South America
• In Brazil, the Butyl Acrylate Price Index fell by 4.36% quarter-over-quarter, reflecting abundant imports and weak demand.
• The average Butyl Acrylate price for the quarter was approximately USD 1417.67/MT, reflecting the reported quarterly assessment.
• Butyl Acrylate Spot Price remained muted as Santos port inventories stayed comfortable amid uninterrupted import arrivals.
• Butyl Acrylate Production Cost Trend was flat due to stable n-butanol and acrylic acid feedstock pricing internationally.
• Butyl Acrylate Demand Outlook showed moderate consumption from coatings and adhesives, supporting baseline procurement without speculative restocking.
• Butyl Acrylate Price Forecast for early 2026 suggests limited upside given balanced supply and restrained domestic buying patterns.
• Butyl Acrylate Price Index volatility eased as exporters offered competitive CFR terms, pressuring domestic sellers to discount selectively.
• Operational uptime at local producers remained high, keeping spot availability stable and limiting immediate upward price impulses.
Why did the price of Butyl Acrylate change in December 2025 in South America?
• Stable import arrivals and comfortable inventories removed scarcity premiums, weighing on December Price Index downward pressure.
• Flat feedstock costs and unchanged logistics expenses kept production cost pressures subdued across suppliers supplying Brazil.
• End-use demand was moderate as coatings and adhesives maintained routine purchasing, limiting seller leverage during month end.
For the Quarter Ending September 2025
North America
• In the USA, the Butyl Acrylate Price Index fell by 3.68% quarter-over-quarter, reflecting weaker construction demand.
• The average Butyl Acrylate price for the quarter was approximately USD 1412.33/MT per DEL-Texas.
• Butyl Acrylate Spot Price remained range-bound near lows; ample inventories and cautious buying limited upside.
• Butyl Acrylate Price Forecast anticipates modest volatility as seasonal demand, inventories, and tariff uncertainty interact.
• Butyl Acrylate Production Cost Trend eased, acrylic acid costs fell, supporting margins despite weak offtake.
• Butyl Acrylate Demand Outlook remains subdued with construction headwinds and buyers limiting purchases for projects.
• Butyl Acrylate Price Index signals range-bound stability as balanced domestic production and inventories constrained rallies.
• Major Gulf Coast producers operated without outages, keeping supply steady and limiting pressure on prices.
Why did the price of Butyl Acrylate change in September 2025 in North America?
• Balanced domestic supply with steady Gulf Coast production and ample inventories reduced immediate buying urgency.
• Weak construction demand and cautious procurement amid high financing costs constrained spot market activity and pricing.
• Eased feedstock costs, notably acrylic acid, lowered production expenses, further supporting subdued price momentum during the month.
APAC
• In Japan, the Butyl Acrylate Price Index fell by 8.16% quarter-over-quarter, reflecting weaker import costs and soft domestic demand.
• The average Butyl Acrylate price for the quarter was approximately USD 1009.33/MT, based on CIF Tokyo averages.
• Butyl Acrylate Spot Price recovered modestly in late September, supported by steady downstream purchases and tightened prompt availability.
• Butyl Acrylate Price Forecast anticipates mild volatility as seasonal restocking competes with ample import arrivals.
• Butyl Acrylate Production Cost Trend showed intermittent feedstock upticks from propylene, increasing marginal cost pressure for producers.
• Butyl Acrylate Demand Outlook remains muted amid weak construction activity and cautious procurement by coatings manufacturers.
• Butyl Acrylate Price Index volatility reflected competing influences: Chinese import cost increases and persistent inventory overhangs.
• Export competition under tariff-free arrangements pressured offers, while logistics remained smooth, supporting continuous import flows to Japan.
Why did the price of Butyl Acrylate change in September 2025 in APAC?
• Higher import costs from China in September pushed CIF quotations upward despite generally weak domestic demand.
• Ample inventory and subdued downstream buying limited upside, keeping spot liquidity thin and transactional volumes low.
• Feedstock propylene and acrylic acid cost movements and regional plant operations influenced marginal production economics.
Europe
• In Germany, the Butyl Acrylate Price Index rose by 0.60% quarter-over-quarter, reflecting supply-demand balance improvement.
• The average Butyl Acrylate price for the quarter was approximately USD 1395.67/MT, supported by inventories.
• Butyl Acrylate Spot Price stayed range-bound, sustaining a flat Price Index amid ample inventories only.
• Butyl Acrylate Production Cost Trend remained steady as acrylic acid feedstock remained stable.
• Butyl Acrylate Demand Outlook stayed subdued due to construction weakness, constraining the Price Index upside.
• Butyl Acrylate Price Forecast indicates near-term range-bound movement, with limited upside absent clear restocking signals.
• Inventories remained ample, export demand muted, producers maintained operations, supporting a broadly neutral Price Index.
• Logistics disruptions are intermittent; feedstock flows remained intact, limiting upside for the Butyl Acrylate Price Index.
Why did the price of Butyl Acrylate change in September 2025 in Europe?
• Balanced domestic supply and steady feedstock deliveries limited price movement despite modest downstream buying improvement.
• Elevated inventories and cautious procurement from construction suppressed upward pressure on the Butyl Acrylate Price Index.
• Short-lived logistics disruptions and normalized utility costs prevented supply shocks, keeping market sentiment largely neutral.
MEA
• In Saudi Arabia, the Butyl Acrylate Price Index fell by 4.11% quarter-over-quarter, from weak demand.
• The average Butyl Acrylate price for the quarter was approximately USD 1104.00/MT FOB Al Jubail.
• Butyl Acrylate Spot Price remained range-bound, reflecting steady feedstock costs and balanced domestic supply conditions.
• Butyl Acrylate Price Forecast projects mild oscillations driven by seasonal logistics and measured restocking activity.
• Butyl Acrylate Production Cost Trend stayed flat as acrylic acid feedstock prices were stable throughout.
• Butyl Acrylate Demand Outlook is cautious as construction and coatings demand remains steady yet insufficient.
• Butyl Acrylate Price Index showed gradual weakening, reflecting inventory overhang and modest export interest levels.
• Operating rates remained normal, and port logistics improvements may support liquidity despite near-term bearish pressure.
Why did the price of Butyl Acrylate change in September 2025 in MEA?
• Ample inventories and steady domestic output limited upward pressure, maintaining downward bias during September month.
• Stable acrylic acid feedstock costs contained production expenses, reducing cost-push inflation on local Butyl Acrylate.
• Logistics improvements and modest export inquiry offset weak domestic demand, resulting in small weekly declines.
South America
• In Brazil, the Butyl Acrylate Price Index fell by 3.5148% quarter-over-quarter, due to cheaper imports.
• The average Butyl Acrylate price for the quarter was approximately USD 1482.33/MT, reported by importers.
• Butyl Acrylate Spot Price stayed range-bound as balanced imports and domestic inventories limited price movements.
• Butyl Acrylate Price Forecast anticipates small monthly oscillations, reflecting import-driven volatility and muted domestic demand.
• Butyl Acrylate Production Cost Trend remained flat as feedstock acrylic acid prices were stable.
• Butyl Acrylate Demand Outlook stays weak with construction sector softness and cautious procurement limiting offtake.
• Butyl Acrylate Price Index recovered in late September, supported by selective buying and stable port operations.
• Exporters disciplined shipments, reinforcing balanced inventories and constraining abrupt moves in the Price Index locally.
Why did the price of Butyl Acrylate change in September 2025 in South America?
• Lower import costs from the United States reduced landed costs, pressuring Brazil's Butyl Acrylate Price Index.
• Subdued construction demand and seasonal slowdowns limited the offtake, keeping the Butyl Acrylate Spot Price range-bound domestically.
• Stable feedstock availability and unchanged logistics costs prevented production cost inflation, moderating Price Index pressure.
For the Quarter Ending June 2025
North America
• The butyl acrylate Spot Price in North America increased by 3.41% quarter-over-quarter in Q2 2025, reflected in a bullish Price Index.
• The butyl acrylate price index in the US exhibited a mixed trend over Q2 2025, initially rising due to increased feedstock costs and stronger downstream demand.
• Early in the quarter, rising prices of acrylic acid and n-butanol contributed to elevated production costs, which pushed the price index upward amid a temporary recovery in construction activity.
• As the quarter progressed, trade tariff uncertainty led to cautious market behavior, with limited purchasing and stable quotations, keeping the price index flat for several weeks.
• In late May and June, the price index began to decline due to persistent weak demand from key sectors like construction and coatings, compounded by oversupply and reduced raw material costs.
• Competitive pressure from imported materials and subdued domestic activity further dampened market sentiment, leading suppliers to adopt a more conservative pricing strategy.
• By the end of the quarter, bearish sentiment prevailed, with suppliers focused on inventory control and short-term contracts amid reduced economic confidence.
Why did the price of Butyl Acrylate change in July 2025 in North America?
• The butyl acrylate price remained unchanged in July 2025 in North America due to steady supply and production levels, with no major fluctuations in feedstock costs or production dynamics.
• Sufficient inventory availability allowed suppliers to maintain stable quotations, particularly as demand from downstream sectors like construction and coatings remained limited.
• Buyers adopted a cautious approach amid uncertainty related to upcoming trade tariffs, focusing on short-term procurement rather than bulk purchases.
• Exporters and producers adjusted their strategies to manage inventory, prioritizing contract-based orders and reducing large-volume shipments, which contributed to market balance and price stability.
APAC
• The butyl acrylate Spot Price in North America decreased by 12.35% quarter-over-quarter in Q2 2025, reflected in a bearish Price Index.
• The butyl acrylate market in Singapore followed a mostly bearish trajectory throughout the second quarter, marked by frequent declines in the price index.
• An initial brief uptick in the price index was observed due to increased import costs and a moderate recovery in demand, but this trend quickly reversed as supply pressures intensified.
• A surge of low-cost imports from China, driven by weaker domestic demand and ongoing trade disruptions, led to an oversupplied regional market, exerting downward pressure on the price index.
• Buyers maintained conservative procurement strategies, limiting purchases to immediate needs amid high inventory levels and market uncertainty.
• Exporters, especially from China, adopted aggressive pricing tactics to retain market share, further weakening sentiment and softening the price index.
• Despite slight improvements in downstream construction and coating sectors, demand remained insufficient to absorb the surplus material.
• Overall, the APAC market experienced sluggish trading activity and price index erosion due to a persistent mismatch between supply and demand.
Why did the price of Butyl Acrylate change in July 2025 in Asia?
• Market participants in Asia adopted a cautious approach due to evolving economic indicators and uncertainty following the conclusion of a trade tariff suspension, which reduced overall trading activity.
• Exporters from China reduced their prices in response to abundant inventories and weakened domestic demand, lowering import costs for the region.
• Buyers scaled back large-volume purchases and prioritized short-term procurement due to limited demand from downstream sectors like coatings and construction.
Europe
• The butyl acrylate Spot Price in Europe increased by 4.47% quarter-over-quarter in Q2 2025, reflected in a bullish Price Index.
• The butyl acrylate market in Germany witnessed an initial upward movement in the second quarter, supported by higher feedstock costs and increased buying activity ahead of the coating season.
• Market optimism in early April was reinforced by improved business sentiment and expectations of infrastructure investment, although logistical issues on the Rhine River posed challenges.
• Through late April and May, the Price Index stabilized due to balanced supply-demand conditions and sufficient inventory levels, despite weak demand from the construction and coatings sectors.
• The bearish sentiment strengthened in May, with subdued downstream consumption and declining feedstock costs contributing to a flat Price Index, as suppliers chose to hold quotations steady.
• In early June, the Price Index slightly declined amid continued weak demand and the dominance of long-term contracts, which limited spot trading activity.
• Improved logistics from rising water levels and consistent supply flows helped maintain overall market balance, but the lack of spot interest kept the trading environment cautious.
Why did the price of Butyl Acrylate change in July 2025 in Europe?
• The price of butyl acrylate remained unchanged due to stable supply and demand dynamics, with no significant shifts in market fundamentals.
• Feedstock prices for n-butanol and acrylic acid showed no notable changes, keeping production costs steady and supporting price stability.
• Market activity was limited, and suppliers maintained inventory levels carefully while avoiding large-scale shipments, contributing to a balanced market environment.
• Downstream demand from the construction and coatings sectors remained moderate, with buyers focusing on immediate needs.
MEA
• The butyl acrylate Spot Price in the Middle East decreased by 2.71% quarter-over-quarter in Q2 2025, reflected in a bearish Price Index.
• The butyl acrylate market in Saudi Arabia maintained a largely stable Price Index throughout Q2, with only minor fluctuations.
• Market stability was supported by consistent feedstock acrylic acid costs, which kept production expenses steady across the quarter.
• Adequate inventory levels and balanced supply-demand dynamics ensured that suppliers avoided aggressive pricing adjustments.
• Although domestic demand remained steady, international interest was cautious, shaped by broader economic uncertainties and subdued global activity, impacting the prices of the commodity in Saudi Arabia.
• Demand from the downstream construction and coatings sectors was moderate, with Vision 2030 projects offering underlying support but not driving sharp demand surges.
• Temporary market softness was observed during the Eid holiday period, as trading momentum slowed and buyers limited procurement.
• Improvements in logistics and infrastructure under national development strategies supported efficient supply chains and mitigated potential disruptions.
• Overall, the regional butyl acrylate market in Q2 reflected a cautious tone, with suppliers adopting a measured approach amid evolving local and global conditions.
Why did the price of Butyl Acrylate change in July 2025 in the Middle East?
• The butyl acrylate market in the Middle East remained stable due to balanced supply and demand fundamentals, which prevented any pressure to alter pricing strategies.
• Adequate inventory levels across the supply chain ensured that suppliers could meet end-user needs without aggressive restocking or production changes.
• Despite a slight decline in feedstock acrylic acid costs, the production cost reduction was not significant enough to impact the overall pricing trend.
• Steady demand from downstream sectors like coatings and construction, supported by ongoing projects, reinforced a consistent procurement pattern, contributing to price stability.
South America
• The butyl acrylate Spot Price in South America increased by 3.58% quarter-over-quarter in Q2 2025, reflected in a bullish Price Index.
• The butyl acrylate market in South America showed mixed trends over the second quarter, initially witnessing a sharp rise in the price index due to increased import costs and proactive procurement by buyers anticipating tariff impacts.
• During early Q2, stronger demand from the construction sector and monetary policy changes fueled bullish market sentiment, prompting sellers to adjust quotations upward.
• However, by mid-quarter, the price index stabilized as import costs from the U.S. remained unchanged, and balanced supply-demand dynamics emerged across the region.
• Despite steady import flows, demand from downstream sectors weakened due to high interest rates, inflationary pressures, and cautious buyer sentiment, leading to muted market activity.
• In the latter part of Q2, the market maintained a steady tone, supported by unchanged export offers from U.S. suppliers facing high inventories and growing overseas competition.
• Overall, the South American butyl acrylate market settled into a conservative pattern, shaped by steady imports, subdued demand, and restrained trading behavior through the quarter.
Why did the price of Butyl Acrylate change in July 2025 in South America?
• The price of butyl acrylate in South America remained unchanged in July 2025, primarily due to stable import costs from the U.S.
• U.S. exporters adopted a conservative export strategy by aligning production with existing demand and limiting large-volume shipments, which ensured a consistent supply and prevented price volatility.
• On the demand side, moderate yet steady off-take from downstream sectors like construction helped maintain a balanced consumption pattern, supporting a stable price environment.
• The delay in the implementation of new tariff measures in the U.S. provided a temporary cushion against trade-related cost pressures, contributing to pricing stability in the South American market.
For the Quarter Ending March 2025
North America
In Q1 2025, the North American Butyl Acrylate market experienced persistent bearish sentiment, driven by several factors. In January, market conditions showcased subdued market sentiments due to weak demand from key downstream sectors, particularly construction and coatings. Seasonal slowdowns, combined with economic uncertainty stemming from anticipated policy changes and severe winter conditions, dampened market activity. The market's cautious stance was further reinforced by concerns about a potential strike and ongoing logistical disruptions.
Moving into February, the market continued to face challenges, with a prolonged polar vortex disrupting industrial operations and limiting demand from key sectors.
Furthermore, the harsh weather conditions exacerbated the subdued market, as project delays and reduced consumption persisted. By March, while production costs saw a slight increase, weak demand from the construction sector and concerns over potential tariffs kept the market bearish. Supply chain disruptions eased, but the overall market sentiment remained cautious, as participants remained wary of the uncertain economic and policy landscape. The combination of weak demand, logistical issues, and external economic pressures contributed to the overall bearish sentiment throughout Q1 2025.
APAC
The Butyl Acrylate market in the APAC region during Q1 2025 displayed mixed sentiments, fluctuating between bullish and bearish trends. In January, the market experienced an initial bullish uptick driven by rising feedstock prices and increased demand, particularly ahead of the Lunar New Year holidays. Inventory stocking and government policies aimed at boosting housing demand helped support this positive outlook. However, as the holiday period progressed, industrial activity slowed, resulting in a stable yet cautious market environment in late January. Moving into February, the market regained momentum with a notable price increase, fueled by rising production costs and a post-holiday demand surge. Despite the weak performance of downstream sectors like coatings and construction, the uptick in buying activity reinforced the bullish sentiment. However, by March, the market shifted downward due to weak demand and high inventory levels, particularly in the construction sector. Reduced production costs, coupled with limited new orders, further contributed to the bearish trend. This shift reflected an overall balancing act between supply chain pressures, fluctuating demand, and the performance of key downstream industries, leading to mixed market dynamics in Q1 2025.
Europe
The Butyl Acrylate market in Europe during Q1 2025 exhibited mixed sentiments, influenced by a combination of production costs, weak demand, and shifting macroeconomic factors. In January, the market maintained a bearish tone, with economic uncertainty, sluggish demand from the construction sector, and logistical disruptions dampening sentiment. Lingering inventory from late 2024 and weak buyer interest further contributed to cautious market behavior. February continued this trend of price stability, supported by steady feedstock prices, but demand remained muted due to limited new orders and weak export performance. However, slight optimism emerged, with hopes for an economic rebound amid projected interest rate cuts and political clarity post-election. By March, the market saw a modest improvement in sentiment, spurred by production costs and a slight recovery in restocking activities. A marginal rise in downstream purchasing provided temporary relief, prompting a cautiously optimistic outlook. Nonetheless, broader economic challenges, including a struggling construction sector and competitive pressures from imports, continued to suppress full recovery. As a result, the European Butyl Acrylate market in Q1 2025 remained largely stable with intermittent shifts in sentiment, shaped by cautious trading, external economic pressures, and sporadic improvements in downstream engagement.
MEA
The Butyl Acrylate market in the Middle Eastern region displayed bearish sentiments throughout Q1 2025, shaped by subdued trading activity, production costs, and sufficient inventory levels. In January, market sentiments began to cool as inventory levels reached adequate thresholds and new order flows started to moderate. Moreover, the bearishness in the market sentiments was further shifted in February. Although feedstock prices remained unchanged and downstream sectors like construction and coatings maintained a steady presence, weak international demand—particularly from post-holiday Asian markets—curbed export opportunities. Ample domestic supply further reduced buyer urgency, prompting cautious procurement strategies and reinforcing the bearish tone. In March, the market remained subdued, largely due to reduced working hours during Ramadan and the impending Eid holidays, which led to slower operations and limited trading activity. Competitive pressures and muted interest from key importing regions also discouraged price changes. Throughout the quarter, while infrastructure initiatives under Vision 2030 offered some support, their impact was insufficient to offset the broader slowdown in purchasing activity. As a result, market players maintained conservative pricing strategies, reinforcing a bearish outlook marked by limited demand growth and cautious sentiment.
South America
Throughout Q1 2025, the Butyl Acrylate market in South America consistently reflected bearish sentiments, shaped by weak demand, economic uncertainty, and cautious buyer behavior. In January, the market showcased bearishness following seasonal slowdowns in construction activity and hesitation among companies to initiate new projects due to anticipated policy changes in the United States. This hesitation was further amplified by global geopolitical tensions and trade uncertainties, creating a conservative business climate. February witnessed continued bearishness, as declined import costs and ample inventory levels discouraged fresh procurement. The depreciation of the local currency and elevated interest rates further strained buyer confidence, curbing purchasing activity despite stable supply dynamics. By March, the bearish trend persisted, driven by weak downstream sector performance and continued trade concerns. Tariff-related uncertainty and macroeconomic instability led to limited order placements and cautious market behavior. Even as the Central Bank of Brazil tightened monetary policy to combat inflation, its impact on industrial recovery remained limited. Overall, the quarter was marked by subdued demand, low pricing, and minimal movement across the supply chain. The consistent lack of urgency from buyers and persistent economic headwinds cemented a bearish sentiment across the South American Butyl Acrylate market throughout the first quarter.
