According to the ChemAnalyst, “The Polyacrylamide Prices in North America during the fourth quarter of 2023 witnessed a declining trend, primarily due to reduced demand in key downstream industries such as industrial water treatment and the Oil & Gas Enhanced Oil Recovery (EOR) sector”
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Polyacrylamide prices have been subject to fluctuation due to various factors influencing the global market dynamics. Key determinants affecting prices include raw material costs, demand-supply dynamics, regulatory policies, and geopolitical factors. The cost of raw materials, such as acrylonitrile and acrylic acid, directly impacts polyacrylamide prices as they are essential in its production process.
Fluctuations in crude oil prices, as acrylonitrile is derived from petroleum, play a significant role in determining the overall cost structure. Moreover, demand from end-user industries like water treatment, petroleum, and mining also exerts pressure on prices. Regulatory policies regarding environmental concerns and product quality standards further impact the market by influencing production costs and market competitiveness. Geopolitical factors such as trade disputes and sanctions can disrupt the supply chain and affect prices. Overall, polyacrylamide prices are influenced by a complex interplay of factors, making them subject to volatility and requiring careful monitoring by stakeholders in the industry.
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