Acrylic Maleic Copolymer Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Acrylic Maleic Copolymer in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Acrylic Maleic Copolymer Price Trend for the Second Half of 2023

Asia

A striking dip in the prices of acrylic maleic copolymer was observed in the last two quarters of 2023 due to insufficient support from the downstream industries. The market fundamentals also wavered on the lower end due to the excessive rise in inventory levels and sudden fluctuations in feedstock prices. Initially, the increasing cost of raw materials favored the surge in the prices of acrylic maleic copolymer, but soon, the inclination turned against the market as the consumer shifted towards other alternatives, leading to a decline in acrylic maleic copolymer price trends.

Europe

The decline in acrylic maleic copolymer price trend was not only limited to the Asian countries as Europe also incurred a similar fate. During both the third and fourth quarters, the acrylic maleic copolymer market failed to acquire sufficient support from the downstream industries. The lack of interest of consumers was based on the economic turmoil being experienced by the European countries, which only caused an inclination in the level of inventories.

North America

Many factors influenced the southwards movement of acrylic maleic copolymer price trends during the last two quarters of 2023. Initially, the bullish run supported by the positive momentum of the paints and coatings industries was halted by the downslide in other downstream industries. The suppliers soon had to revise their quotations to match the existing dynamics of the acrylic maleic copolymer market. Additionally, there were certain instances where inventories surpassed the demand rate by a huge margin, raising the concerns of traders and the manufacturing sector.

Analyst Insight

According to Procurement Resource, the price trends of Acrylic Maleic Copolymer are expected to face several challenges relating to the dynamics of downstream industries and trading activities around the globe.

Acrylic Maleic Copolymer Price Trend for the First Half of 2023

Asia

Acrylic Maleic Copolymer prices closely follow the price fluctuations in feedstock acrylic acid and maleic acid. The prices mostly wavered on the lower side of the curve. The declining crude oil and energy prices also supported the downward trend. Further, the inventories were already high and were able to sufficiently cater to the existing demands. Hence, the price trend for acrylic maleic copolymer dwelled on the lower end as both upstream costs and downstream demands supported the falling prices.

Europe

The European Acrylic Maleic Copolymer market behaved no differently than the Asian market. The price trend for Acrylic Maleic Copolymer prices exhibited low, wavering trend in the European market. Reduced feedstock prices pushed the prices down as they reduced the production costs significantly, and along with it, the limited to no offtakes from the downstream sectors adversely impacted the price trend, keeping the market sentiments bearish.

North America

The North American Acrylic Maleic Copolymer market witnessed the slowing of price trend in the first half of 2022. As the production costs declined with lower feedstock prices and minimal market demands, prices continued to plummet throughout the said period. Overall dull and muted market sentiments were observed.

Analyst Insight

According to the Procurement Resource, the Acrylic Maleic Copolymer prices are expected to continue to oscillate, as the inventories are running high in the face of limited demands, and market sentiments do not seem to be improving soon.

Acrylic Maleic Copolymer Price Trend for the Second Half of 2022

Asia

Acrylic Maleic Copolymer price trend are determined by the feedstock acrylic acid and maleic acid. In H2 2022, the price trend for Acrylic Maleic Copolymer showed a downward trajectory. As Acrylic Maleic Copolymer has industrial applications in various processing setups like distillation units, cooling systems, etc., and H2 2022 witnessed power rationing in countries like China, sustaining existing industries was a challenge, forget installing new units. So, market demand for Acrylic Maleic Copolymer remained very low which was reflected in its prices.

Europe

H2 2022 was a major economic setback for the European region. High inflation and acute energy crisis rose the costs of living to unforeseen highs. Hence, due to consumer’s contracting purchasing power and falling demand the market trend for Acrylic Maleic Copolymer remained low. Due to port congestions and supply chain disruptions, the market supplies were hampered. Even after the supply chains resumed the demand stayed sullen negatively impacting the Acrylic Maleic Copolymer prices.

North America

North American market behaved no different when it came to Acrylic Maleic Copolymer prices. Market demand remained the major determining factor here too. Even though supply remained uninterrupted here unlike in other regions the downstream demand didn’t support the market sentiment at all. The same could be deduced based on the feedstock market analysis as well. The global economic slowdown and the threat of recession in many European economies didn’t support the price trend for Acrylic Maleic Copolymer at all.

Analyst insight

According to Procurement Resource, the market projections for Acrylic Maleic Copolymer do not look promising at all. Given the current global economic situation, hope for immediate demand restoration is quite bleak.

Acrylic Maleic Copolymer Price Trend For the First Half of 2022

Asia

Acrylic Maleic Copolymer is the copolymer of acrylic and maleic acid. The prices of feedstock acrylic acid and maleic acid soared throughout the year's first quarter owing to the surging costs of crude oil and natural gas. With the appreciated prices along with intense buying activities, the prices increased. The price of acrylic acid in India averaged 2860 USD/MT, while in China, it averaged 2370 USD/MT. The prices of maleic acid averaged 3500 USD/MT FOB Qingdao.

However, the Asian petrochemical and polymer industries were negatively impacted during the second quarter. With the government easing the covid restrictions, factories churned out more products, leading to market stockpiling, causing the prices to fall. This fall in the feedstock prices caused the price trend of Acrylic Maleic Copolymer to weaken. The cost of feedstock acrylic acid averaged 13,939 RMB/ton (approx.) as of June 2022 in the Chinese domestic market.

Europe

During the first quarter, the feedstock acrylic acid prices averaged 2180 USD/MT. A huge economic catastrophe was unleashed in the European region due to the Russian-Ukrainian geopolitical stance. The abnormally high-power costs, trade bottlenecks, and looming threats of stagnation led to increased commodity prices. Due to the robust demand from the downstream sector, the prices stayed afloat for the acrylic-maleic copolymer.

North America

Acrylic and maleic acid prices remained strong in the USA domestic market. Despite the rising cost, positive market sentiment kept the feedstock prices anchored, though only slight changes in the price trend were seen. The price of feedstock maleic acid averaged 3970 USD/MT CFR New York.

Procurement Resource provides latest prices of Acrylic Maleic Copolymer. 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.