North America Acrylic Acid Prices Movement Q4
Acrylic Acid Prices in USA:
In Q4 2023, Acrylic Acid Prices in the USA reached 1,470 USD/MT in December. Strong demand from the paints and coatings industry, along with tight supply levels, drove the price increase. The rising cost of Propylene, a key raw material, further pushed prices upward. The market reflected strong demand and limited supply, prompting suppliers to adjust prices to maintain profitability. This combination of factors highlighted a robust market environment, with manufacturers balancing higher costs and strong customer requirements. By the end of the quarter, acrylic acid prices remained elevated due to these ongoing supply and demand dynamics.
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Acrylic Acid Prices in Mexico:
In Q4 2023, market prices in Brazil increased to 1,520 USD/MT, driven by tight supply and strong demand from the coatings and paints industries. Severe weather disruptions further impacted supply, creating additional challenges. The rise in propylene prices, a key raw material, and the stronger Brazilian Real also contributed to the price hike. These factors created a bullish market environment with higher prices and constrained availability. By the end of the quarter, the market reflected a combination of strong demand, rising costs, and limited supply, reinforcing the upward pricing trend in the region.
Acrylic Acid Prices in Japan:
In Q4 2023, the Japanese market experienced a decline, with prices falling to 921 USD/MT in December. This drop was caused by oversupply and weak market fundamentals. Disruptions in the supply chain, combined with balanced supply-demand conditions, further pressured prices downward. Reduced demand and high inventory levels contributed to the bearish trend throughout the quarter. The market reflected a subdued environment, with significant price decreases driven by limited buying activity and ample stock availability. By the end of the quarter, the pricing trend highlighted weak market conditions and challenges in maintaining stability.
Acrylic Acid Prices in Saudi Arabia:
In Q4 2023, acrylic acid prices in Saudi Arabia dropped significantly, ending at 845 USD/MT in December. This decline was caused by oversupply and weak demand from downstream industries. The high availability of acrylic acid and reduced trading activity among manufacturers further pushed prices down. The market reflected a bearish trend throughout the quarter, driven by an imbalance between supply and demand. Limited buyer interest and excess stock contributed to the price drop, highlighting challenges in stabilizing the market. By the end of Q4, the overall trend indicated continued pressure on acrylic acid prices.
Acrylic Acid Prices in Brazil:
In Q4 2023, acrylic acid prices in Mexico rose to 1530 USD/MT, driven by increased demand from downstream industries and higher propylene costs. The devaluation of the Mexican Peso against the US Dollar also contributed to the price hike. Although no production facilities were shut down, the market faced tight conditions due to strong consumption and limited inventory. This situation led suppliers to raise prices to meet growing requirements. The combination of rising costs, currency fluctuations, and constrained supply pushed acrylic acid prices higher throughout the quarter.
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How IMARC Pricing Database Can Help
The latest IMARC Group study, โAcrylic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,โ presents a detailed analysis of Acrylic Acid price trend, offering key insights into global Acrylic Acid market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Acrylic Acid demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
Key Coverage:
- Market Analysis
- Market Breakup by Region
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Price Analysis
- Spot Prices by Major Ports
- Price Breakup
- Price Trends by Region
- Factors influencing the Price Trends
- Market Drivers, Restraints, and Opportunities
- Competitive Landscape
- Recent Developments
- Global Event Analysis
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IMARC Group is a global management consulting firm that helps the worldโs most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.
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