Butyl Acrylate Prices: During the Quarter Ending December 2023
NORTH AMERICA
In the fourth quarter of 2023, the Butyl Acrylate market in North America demonstrated a moderate to bullish trend. With supplies ranging from low to moderate, prices inclined notably. Increased demand from downstream sectors, particularly Paints and Coatings, drove this price hike, with Mexico exhibiting bullishness due to consistent buyer purchases and limited inventory levels.
Ramped-up trading activities between major manufacturing units in the United States and Mexico stemmed from depleted inventories and heightened demand, exacerbated by rising freight charges linked to increased fuel costs. Additionally, both suppliers and traders adjusted their quotations to bolster profit margins, further lifting prices.
By December 2023, the market saw Butyl Acrylate prices in Mexico reach USD 1628/MT (CFR-Manzanillo), marking a 6.07% increase from the previous quarter. Notably, there was a 6% price shift between the first and second halves of the quarter, with no reported plant shutdowns during this period.
Get Real Time Prices of Butyl Acrylate: https://www.chemanalyst.com/Pricing-data/butyl-acrylate-1251
APAC
The fourth quarter of 2023 was pivotal for the Butyl Acrylate market in the APAC region, marked by fluctuating dynamics and prices. Initially, a drop in demand from sectors like Paints and Coatings drove prices down in the first half of Q4, buoyed by low operating costs. However, a surge in demand during the latter half prompted increased consumption of existing inventories, leading to production rate escalations to meet demand.
Japan's price trend exhibited a negative correlation, declining by 45% compared to the same quarter the previous year and 6.25% from the previous quarter, signaling a downward trend. Despite fluctuations, the quarter concluded with Butyl Acrylate prices in Japan at USD 1352/MT (CIF Tokyo), reflecting the overall decline compared to the previous quarter.
MEA
In the fourth quarter of 2023, the Butyl Acrylate market in the Middle East and Africa faced notable factors influencing prices. A bearish trend emerged due to decreased demand from Paints and Coatings sectors, resulting in reduced trading activities and surplus inventories. Declining prices of upstream Acrylic Acid further pressured prices, compounded by ample existing inventories and reduced consumption rates.
Saudi Arabia experienced declining Butyl Acrylate prices amid high supply and low demand, prompting suppliers to adjust quotations and offer discounts. The downward price trend, with a 3.7% decrease from the previous quarter, reflected challenges stemming from low demand and surplus inventories.
SOUTH AMERICA
The fourth quarter of 2023 saw a bullish trend in South America's Butyl Acrylate market, driven by low supplies and heightened demand from Paints and Coatings sectors. Brazil witnessed a modest 1% price increase due to insufficient inventories and rising demand.
Stability in pricing during October 2023 was attributed to increased trading activity ahead of China's Golden Week, while plant shutdowns did not impact the market. Butyl Acrylate prices in Brazil concluded at USD 1638/MT (CFR Santos), reflecting the bullish market conditions.
EUROPE
In the fourth quarter of 2023, Butyl Acrylate prices in Europe experienced fluctuations. Initially, prices in Germany rose by 2.17% due to supply shortages amidst heightened demand from Paints and Coatings sectors. However, declining Acrylic Acid prices supported a 1.57% price decrease in H2 of Q4.
Heightened purchasing activities amid widened spreads between end products and feedstocks buoyed trading, while slower consumption rates prompted producers to adjust production rates to prevent further stockpiles. Germany's inflation rate stood at 3.7% in December 2023, following a modest 0.1% increase in November 2023, with an expected annual average of 5.9%.
Get Real Time Prices of Butyl Acrylate: https://www.chemanalyst.com/Pricing-data/butyl-acrylate-1251
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