Get the latest insights on price movement and trends analysis of Acrolein in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Acrolein Price Trends for the First Half of 2023
The price trends of acrolein was majorly affected by the market activities of the feedstock market, i.e., propylene. In the first quarter, the prices of propylene showcased a mixed trajectory that resulted in the oscillations in the price trends of acrolein.
The cost of feedstock rose initially due to the rise in the momentum of production rates after a long tail of COVID restrictions and the holiday season in China. But soon, the prices began to fall with the declining cost of crude oil and the sudden shutdown of many manufacturing plants. The downstream industries performed poorly, along with the continuously falling cost of crude oil and energy production. Thus, as a result of weak demand and economic slowdown in the Asia-Pacific region, the price trends of acrolein moved southwards.
The European market conditions in the initial phase of the first quarter supported the rise in the prices of acrolein as it was supported by the increase in the cost of feedstock materials. After an initial incline, the prices began to fall. There were many factors that pitched in declining the cost of feedstock propylene and, in turn, the price trends of acrolein. The influx of cheap imports from overseas competitors, fewer orders from the downstream industries, and sliding economic conditions of the region resulted in the decline in the price trends of acrolein in Europe in both the first and second quarters of 2023.
The decreasing cost of crude oil and overall energy production, along with the falling trajectory of prices of feedstock materials, hampered the growth of the acrolein market. To deal with the steeply declining economic conditions in North America, the financial sector raised the interest and inflation rates, which further negatively impacted the price trends of acrolein. In addition to this, the demand from the downstream industries also remained low as the consumers had only a little confidence in the market conditions that, eventually caused the price trends of acrolein to decline.
According to Procurement Resource, the price trends of Acrolein is estimated to showcase a declining trajectory as the cost of feedstock materials seems weak, along with the overall declining conditions of the global market.
Acrolein Price Trends for the Second Half of 2022
The prices of the commodity fell over the third quarter as the Asian market continued to witness a decline in crude oil prices. Due to the market being badly hit by low demand from the downstream sectors and uncertainties in the energy market, some of the manufacturers were forced to shut down their units. The first few months of the fourth quarter followed the same trajectory, however, some relief was seen in the price trendss for acrolein in December.
The European market reflected the trendss seen in the Asia-Pacific region. The ongoing conflict between Russia and Ukraine contributed to the decline in domestic demand and a rise in the cost of producing electricity. In the third and fourth quarters, prices fell due to a decline in feedstock prices, which was accompanied by average production rates.
The subdued availability of labour in the North American market and the global crude oil crises affected the market severely. The prices of feedstock also witnessed a gradual decline in the fourth quarter as a result of lower upstream crude oil costs and lax demand from end-user industries, which contributed to the decline in the prices.
The prices of Acrolein are likely to decrease during the coming month given the low demand in the end-user industry market.
Procurement Resource provides latest prices of Acrolein. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Acrolein, a colourless liquid, is the simplest form of unsaturated aldehyde. It has a pungent acrid smell. Acrolein is usually prepared from propylene at a commercial scale. Several useful compounds are produced from acrolein including amino acid methionine and it is also utilised as a biocide in industries.
|Industrial Uses||Biocide, Chemical precursor , oil and gas industry, Herbicide, Polymerisation, Fixative|
|Synonyms||107-02-8, Propenal, 2-Propen-1-one, 2-Propenal, Acrylaldehyde, Acrylic aldehyde, Allyl aldehyde|
|Molecular Weight||56.06 g/mol|
|Supplier Database||Evonik Industries GmbH, Hubei Shengling Technology Co., Ltd.|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
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In this process, production of Acrolein from propene takes place with the help of oxidation. Propene is oxidised in the presence of air and the reaction requires metal oxides as the heterogeneous catalysts, which produces Acrolein as the final result.
The displayed pricing data i derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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