Acetamide is produced using acetic acid and ammonia, so the price trend for Acetamide align closely with both its feedstock chemicals. Furthermore, owing to the versatility of its usage, industrial consumption from different sectors also determines the market trend for Acetamide.
In the first two quarters of 2023, the market trend for Acetamide were very mixed. The economic recovery in the Chinese market was underwhelming; the manufacturing activities could still not scale up to the pre-covid times. So, the acetamide requirements were still low, and the prices wavered on the lower side of the scale throughout the said period.
However, the European Acetamide markets were relatively stable than the Asian markets since the restored supply chains pushed forward offshore trading. Consequently, the end user consumption also started rising, as a result of which the supply and demand dynamics improved somewhat in the European region. Overall, fluctuating market trend were observed for Acetamide.
Analyst Insight
According to Procurement Resource, the Acetamide market is likely to continue fluctuating going forward as well since the downstream demands will continue to be the primary driving factor.