For the First Quarter of 2022
Butyl Acrylate saw a rise this year after seeing a steady fall in pricing during Q4 2021. The general price dynamics for the commodity across regional markets were supported by economic recovery and stable to firm offtakes. However, the conflict between Russia and Ukraine pushed up the price of upstream crude oil, affecting the cost of the feedstock acrylic acid in the region. However, in China, lunar holidays combined with the Beijing Olympics contributed to a sharp increase in the price of a variety of goods, including butyl acrylate, in the local market. Butyl acrylate prices in India in February 2022 were roughly USD 2234/MT.
The European market is principally impacted by the Russia-Ukraine conflict, which has caused significant disruptions across the area as a result of the abrupt escalation of the war situation. The expected rise in natural gas prices, along with the rising price of crude oil, created uncertainty in the worldwide market, shaking market fundamentals for regional purchasers. Due to their reliance on Russian natural gas, several German manufacturers have been heard opting for an energy surcharge, encouraging dealers to adjust their offerings on a regular basis. Furthermore, due to a persistent rise in crude oil value amidst disrupted trade activity along the Black Sea, the price of feedstock acrylic acid increased dramatically across the regional market. However, the price of the monomer in the European market remained stable during the quarter.
Despite the pressure from global concerns, butyl acrylate prices in the US market continued to rise during the quarter. The product's demand fundamentals remained stable, but improved economies and rising input costs pushed price revisions in the North American market. Furthermore, since WTI and Brent crude oil prices surged dramatically during this quarter, tensions between Russia and Ukraine remained a key factor in the sharp rise in prices of feedstock acrylic acid in the US market. According to the estimates, butyl acrylate prices in February hovered at 2355 USD/MT, which was still 8% lower than October pricing.
For the Fourth Quarter of 2021
Due to poor offtakes from the domestic market, the whole acrylic acid market in China was boring throughout this fourth quarter. Production restrictions imposed to decrease emissions already lowered downstream consumer demand, influencing the price trend of acrylic acid and its derivative chemicals, notably butyl acrylate. Meanwhile, despite varying raw material costs, pricing in the Indian market remained low during this quarter. Due to low demand during the holiday season, dealers were heard modifying their offers in order to maintain offtakes, while raw materials were also following the declining demand trend. However, as a result of the Omicron threat, raw material prices have begun to rise. Finally, in November, the price of the monomer hovered about USD 2502/MT after a steady fall.
Throughout the fourth quarter, the European market remained stable in terms of product price movement. During October and November, an exponential rise in energy costs kept raw material prices high, but demand fundamentals varied in a small to steady range. Long-term buoyancy was noted for butyl acrylate throughout this era, according to the research, owing to continuously shifting raw material costs in key European nations such as Germany, the Netherlands, and Russia. Despite the fact that butyl acrylate prices continued to fall during the quarter, prices in Germany remained extremely high in November, at USD 1825/MT.
Butyl Acrylate market dynamics revealed conflicting feelings in the North American market, while demand fundamentals in the domestic market remained constant to solid. Raw material costs also fluctuated, whereas n-Butanol prices remained stable. Acrylic Acid pricing in the US market followed a distinct trend. Feedstock prices had been rebounding from the effects of the February freeze, which impacted the price of its downstream products. Furthermore, during November's Asian trade, crude oil prices plummeted due to growing concerns about pandemic-related uncertainty. Finally, due to low feedstock prices, butyl acrylate prices in the US market varied in a limited range during the quarter.
For First, Second and Third Quarters of 2021
Because of the considerable spike in the price of feedstock acrylic acid, butyl acrylate prices in Asia saw a significant increase in Q3. Furthermore, throughout this era, the value of the monomer increased due to increased demand from downstream industries and restricted product supply. However, the Chinese market saw a drop in upstream n-Butanol pricing, which was ascribed to the producers' ease in providing bids. Furthermore, decreased production rates as a result of China's new energy policy caused ripples across the market. As a result, the FOB Wuhu-China monthly average in September was 2868 USD/MT, an increase of 852 USD/MT over July's rates. Similarly, the market in India witnessed a strong uptick, owing to decreasing imports of the feedstock and strong demand. However, due to cheaper n-Butanol and improved imports, butyl acrylate prices fell somewhat in September. As a result, Ex-Hazira prices in July were 2887.09 USD/MT.
Early in the third quarter, certain European Acrylates companies announced maintenance shutdowns, restricting regional supplies. To make up for losses in past quarters, leading manufacturer Arkema announced an increase in EU Acrylic monomer pricing compared to the previous quarter. ABS (acrylonitrile-butadiene-styrene) was benefiting from high margins as demand increased. Spot ABS prices were seen increasing by double digits as buyer reaction improved as the year progressed.
The monomer’s price increased in the third quarter of 2021 due to high demand and constrained supply in North America. Acrylic Acid, which serves as its feedstock, had seen its price rise steadily, putting downward pressure on the monomer and its downstream products. Furthermore, by the end of August, Hurricane Ida in the United States had interrupted not only the operation of various production units, including Butanol and Acrylic Acid, but also the supply chain throughout the international market. Dow, for example, was forced to shut down its Acrylic Acid factory in August owing to power shortages caused by Hurricane Harvey. Besides, there was considerable growth in the usage for the monomer from downstream paints, adhesives, and coatings sectors after the revival in the industrial and commercial activity which further supported this higher price trajectory in North America.
Procurement Resource provides latest prices of Butyl Acrylate. 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.
Procurement Resource provides prices of Butyl Acrylate for several regions around the globe, which are as follows:
About Butyl acrylate
Butyl acrylate is a significant acrylic monomer from the acrylic esters group, which is generated from acrylic acid and used to give a wide range of polymers performance qualities.
Acrylic acid and n-butanol combine to form butyl acrylate in this method.
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The displayed pricing data is 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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