For the Quarter Ending December 2022
North America
In the last quarter of 2022, the prices of Butyl Acrylate plunged in the North American region, with costs ranging at USD 2141/tonne DEL Texas during December. The inventories were steady due to weakened downstream purchases from the paints and coatings market sector. Imports from the countries like Japan, South Korea, the United Kingdom, and Italy were invariable now in the regional market. The feedstock Acrylic Acid prices fluctuated, further affecting the market sentiments. The demand for Butyl Acrylate from downstream adhesives and acrylic rubbers sectors plummeted, thus tracing a downtrend owing to a rise in inventories amidst a rise in offtakes.
Asia
The prices of Butyl Acrylate decreased in the Asian market during the fourth quarter of 2022, with costs ranging from USD 1423/tonne FOB Qingdao within October month as noted in the Chinese region with a quarterly de-escalation of USD 336/tonne as per noted by the ChemAnalyst Research Team data. The feedstock n-butanol market was expanding because some regions of China saw a decline in n-butanol unit production, the on-site inventory was manageable, and there was no pressure on the supply side. The on-site supply of feedstock n-butanol declined due to maintenance on several n-butanol units during the middle of the quarter. The buying interest was weak, and the market region's demand was plummeting.
Europe
During Q4 of 2022, the prices of Butyl Acrylate plummeted in the European regional market, with costs ranging at USD 3266/tonne FD Hamburg in November within Germany, as per ChemAnalyst. Butyl Acrylate demand in the German market fell along with an increase in inventories and stockpiling of the product in the regional market. The supply conditions in the German market have been impacted by the strike in the UK as a result of ongoing inflation and wage hikes demanded by English workers during October. The downstream adhesive industry was also hampered by low consumption of paper roll labels in comparison to the previous quarter. Furthermore, low freight costs and prevailing logistical issues amidst soft consumer sentiment pulled Butyl Acrylate prices in a downward direction.
For the Quarter Ending September 2022
North America
With the soaring US inflation, the prices of Butyl Acrylate fell in the American region during the third quarter of 2022, with prices ranging at USD 2388/ton DEL Texas in September. As the demand from the downstream paints and coatings industry dropped in the regional US market, the prices of Butyl Acrylate deteriorated. Although, despite the supply chain issues in America, railroads continued to convey enormous amounts of cargo. Changes in consumer spending habits led to a decrease in manufacturing orders, which contributed to a decline in demand that pushed spot prices down. In addition, international inquiries were assessed to be cast down amidst the port congestion and fluctuating container charges.
Asia
The prices of Butyl Acrylate fell in the Asian market during Q3,2022 with prices ranging at USD 1725/ton FOB Qingdao in the Chinese market during August as per ChemAnalyst pricing team data. China's market has observed a downward trend, as reported by traders; the buying sentiment has remained sluggish amid pandemic-related disruption debt-ridden construction industry, which continues to plague the economic activities. During this period, China underwent a severe decline in economic activities, contributing to fuelling concerns over global inflation. However, decrement in demand from the downstream paints and coatings industry plummeted the Butyl Acrylate pricing to trend downwards. Meanwhile, few suppliers quoted higher material availability alongside a dull outlook for the product.
Europe
During the third quarter of 2022, the prices of Butyl Acrylate were see-sawed in the European market, with prices ranging at USD 3297/ton FD Hamburg in Germany during July. The downstream adhesive industry also remained deterred due to low consumption from the electronic and packaging industry. The downtrend in the prices came on the back of snug material availability in the domestic market and a surge in imports from neighboring and overseas markets. However, the growing speculations around the European recession deterred consumer sentiments from the downstream paints and coatings industry even though demand for the product declined by the middle of the quarter while availability remained firm.
For the Quarter Ending June 2022
North America
Rising Inflationary pressure kept pressuring the US Acrylate market throughout the quarter, as the manufacturers had to revise their product prices to protect their profit margins. As per the insights, rising upstream value, owing to the Russo-Ukrainian war, affected the prices of several commodities in the US market, including Butyl Acrylate. After the war escalated, a huge demand shift for natural gas from Europe was observed, shifted from Russia to the USA, and contributed to steep rise in its prices across the domestic market. High natural gas cost builds up the inflationary pressure for downstream users and makes the whole market anxious.
Asia
Asian market showcased mixed sentiments during Q2 2022, as major Asian economies were facing different market sentiments. China, which was tending to reach normalcy after battling the pandemic in the country, seemed like not happening. The threat of another explosion of new cases was hovering around the head of manufacturers in the country, tending to start another round of restrictions in the country, all thanks to the country's zero covid policy. ChemAnalyst data suggests that Butyl Acrylate prices declined during the last month of the quarter after rising for two months. Butyl Acrylate price hovered around USD 2210/MT during China's first week of May. On the other side, the price declined during May and June due to demand dullness from domestic and niche buyers.
Europe
Butyl Acrylate prices kept rising throughout the quarter across the European market on the back of modest to stable demand fundamentals from downstream sectors amidst the ongoing war crisis in the market. Prices for Butyl Acrylate marched higher in the domestic market on the back of rising feedstocks values under the influence of inflationary pressure induced after rising in natural gas prices. On the supply front, the German market witnessed tightened supplies as lowered production rates pressurized manufacturers in the backdrop of soaring upstream values. Furthermore, high freight costs and prevailing logistical challenges pushed Butyl Acrylate prices up in the European market. FD Hamburg prices for Butyl Acrylate averaged during April were assessed at USD 3228/MT.
For the Quarter Ending March 2022
North America
Taking pressure from global uncertainties, Butyl Acrylate price kept on tracing uptrend throughout the quarter across the US market. Demand fundamentals for the product-maintained stability, as improving economies coupled with rising input cost accelerated the pace of price revisions in the North American market. In addition, tension between Russia and Ukraine also remained a major factor behind steep rise in prices of feedstock Acrylic Acid in the US market, as WTI and Brent crude oil value rose drastically during this quarter. As per the assessment, Butyric Acid price hovered around USD 2355/MT during February which was still 8% lower than October prices.
Asia Pacific
Post witnessing consistent decline in price of Butyl Acrylate during Q4 2021, Butyl Acrylate showcased an uptrend during this year. Economic recovery amid stable to firm offtakes supported the overall pricing dynamics for the product across regional market. However, under the influence of Russia and Ukraine war pushed up the price of upstream crude oil, influencing feedstock Acrylic Acid cost in the region. However, in China, lunar holidays coupled with baizing Olympics also remained another reason behind steep rise in prices of several commodities including Butyl Acrylate in the domestic market. As per the ChemAnalyst assessment, Butyl Acrylate price hovered around USD 2234/MT in India during February 2022.
Europe
European market primarily influenced by Russia Ukraine conflict, as numerous disturbances have been observed across the region due to sudden escalation of war situation. Anticipated rise in price of natural gas, coupled with soaring crude oil value induced uncertainties across global market, stirred market fundamentals for regional buyers. Being highly dependent on Russia for Natural gas, some German manufacturers heard opting for energy surcharge, supporting traders to revise their offers frequently. In addition, due to consistent rise in crude oil value amidst disturbed trade activities via black sea, feedstock Acrylic Acid rose significantly across the regional market. Conclusively, Butyl Acrylate price remained buoyant throughout the quarter across European market.
For the Quarter Ending December 2021
North America
Market dynamics for Butyl Acrylate showcased mixed sentiments for North American market, while demand fundamentals remained stable to firm from domestic market. Raw material prices also played differently, while n-Butanol maintained overall stability Acrylic Acid prices followed different momentum in the US market. Acrylic Acid prices heard recovering from the dynamics created by freezing whether during February, which also impacted the price of its downstream derivatives. Furthermore, Crude oil tumbled significantly during November with Asian trading on the back of heightening concern of rising pandemic related uncertainties. Conclusively, taking pressure from dull feedstock prices, Butyl Acrylate prices fluctuated in a narrow range during this quarter across US market.
Asia
During this quarter, whole Acrylic Acid market of China witnessed dullness on the back of low offtakes from the domestic market. Imposed production cuts in order to reduce emission, already reduced offtakes from the downstream buyers, affecting price trend of Acrylic Acid and its derivative chemicals including Butyl Acrylate. Meanwhile, despite fluctuating raw material cost, Butyl Acrylate prices remained low during this quarter across Indian market. Due to low demand post festive season, traders heard revising their offer to sustain offtakes, while raw materials were also running inline with diminishing demand pattern. However, raw material prices have started rising on the back of Omicron threat. Conclusively, post witnessing consistent decline, Butyl Acrylate price hovered around USD 2502/MT during November.
Europe
European market remained firm on the basis of price movement for the product throughout the quarter. Exponential rise in energy prices kept the price of raw material significantly high during October and November, while demand fundamentals fluctuated in modest to stable range. As per the analysis, long term buoyancy was observed for Butyl Acrylate during this period, primarily driven by frequently changing raw material prices across major European countries like Germany, Netherland and Russia. However, despite of the fact that prices kept on declining throughout the quarter, Butyl Acrylate were still hovering at very high note i.e., USD 1825/MT during November in Germany.
For the Quarter Ending September 2021
North America
In the third quarter of 2021, high demand amidst tight supply across North America escalated the pricing trend of Butyl Acrylate. As its feedstock, Acrylic Acid witnessed a constant hike in its prices which fumed the prices of Butyl Acrylate and its downstream products. Moreover, by the end of August, disruptions caused by Hurricane Ida in the United States not only impacted the functioning of several manufacturing plants including Butanol and Acrylic Acid but also disrupted the supply chain across the international market. For instance, Dow, was compelled to shut down its Acrylic Acid plant in August end due to the power outages as an effect of hurricane. Besides, there was substantial rise in the demand for Butyl Acrylate from downstream paints, adhesives, and coatings industries after the resurgence in the industrial and commercial activities which further encouraged this upward price trajectory in North America.
Asia
In Asia, Butyl Acrylate prices faced prominent rise in the Asian market in Q3, owing to the significant climb in the prices of feedstock Acrylic Acid. Moreover, improvement in the demand from downstream sectors and tightened availability of the product led to the increment in the values of Butyl Acrylate in this timeframe. However, a dip in the prices of upstream n-Butanol was witnessed in the Chinese market that attributed to the ease in the quotes offered by the manufacturers. In addition, lower production rates following the new energy policies in China further sent ripples to the Butyl Acrylate prices. Hence, FOB Wuhu-China monthly average in September stood at USD 2868 per MT portraying a growth of USD 852 per MT from the prices noticed in July. Similarly, in India, Butyl Acrylate market experienced an upward rally backed by the lower imports of feedstock Acrylic Acid amidst its sturdy demand. However, a slight dip in Butyl Acrylate values was observed in September owing to the cheaper n-Butanol as well improvement in the imports. Hence, Butyl Acrylate Ex-Hazira prices were accessed at USD 2887.09 per MT in July.
Europe
During the third quarter of 2021, the limited availability of Butyl Acrylate and its upstream Acrylic Acid across the region and a firm demand from the downstream paints and coatings sector led to the exponential rise in its prices in the European market. Several factors such as disruption in the supply chain from the USA and Asia in effect of Ida hurricane and shut down of Ningbo port of China in August contributed to the surge in the pricing trending of Butyl Acrylate in Europe. Moreover, skyrocketing freight cost across Asia-Europe and US-Europe trade routes also aided the rise in the prices of Butyl Acylate and its derivatives in this quarter.
