Polyacrylamide Price Trend and Forecast

Regional Price Overview

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

Polyacrylamide Price Trend for October-December of 2023

Asia

In the Asian market, specifically China, the polyacrylamide price trend maintained stability throughout the fourth quarter of 2023, diverging from the global downward trajectory. This regional steadiness likely reflects unique market dynamics and demand within Asia.

Polyacrylamide Price Chart

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The stability of polyacrylamide prices, as well as those of key feedstocks like acrylamide, suggests a resilient market in the face of global fluctuations. The consistent demand in various industries, such as water treatment and oil recovery, likely contributed to this stability. Nevertheless, the global trend of declining prices, influenced by factors like reduced industrial activities and lower feedstock costs, raises the possibility of price oscillations going into 2024.

Europe

The European polyacrylamide market experienced a decrease in prices during the last quarter of 2023, in line with the global market trend and the price shifts of acrylamide, its precursor. This decline was largely influenced by the downward trend in acrylamide prices, driven by volatile feedstock costs and shifting demand patterns. The decrease in demand from key sectors such as water treatment and oil recovery, coupled with economic uncertainties, played a significant role in this price reduction. European suppliers adjusted their pricing strategies in response to these market dynamics, navigating a challenging economic environment.

North America

In North America, particularly in the United States, the polyacrylamide market showed resilience, mirroring the stability observed in Asia. Despite global pressures and a downward trend in feedstock prices, the North American market maintained steady polyacrylamide prices. This stability might be attributed to consistent demand in sectors like water treatment and environmental management. However, the market was not completely shielded from global influences, and future price adjustments remained a possibility, especially considering the global downward trend in feedstock prices and potential shifts in industrial demand.

Analyst Insight

According to Procurement Resource, the global polyacrylamide market is expected to follow a downward pricing trend overall. This anticipated decline is primarily due to the decreasing prices of its precursor, acrylamide, and a general reduction in downstream demand across various industries. The market is navigating through a period of economic readjustment, with feedstock costs and industry-specific demands significantly impacting the pricing strategies and market dynamics.

Polyacrylamide Price Trend for the July-September of 2023

Asia

In Asian countries, polyacrylamide prices witnessed a swift decline in the third quarter of 2023. The market faced several difficulties in terms of demand and cost of feedstock materials.

The downstream industries also put on a cautionary approach and even the export activities slid, hampering the polyacrylamide market dynamics. In addition to this, the crude oil export from the majority of exporting nations declined, raising the prices of polyacrylamide in other importing countries and hampering the polyacrylamide prices.

Europe

A significant depreciation in the polyacrylamide price trend in the third quarter of 2023 was attributed to the weak position of the water processing industries. The demand from the end-user industries also suffered from the fall in interest and confidence of consumers in the polyacrylamide industries.

The sliding trend of polyacrylamide prices were also a consequence of huge discounts offered by the traders to keep the level of inventories in check. However, despite the odds, the pulp and other related sectors helped in the improvement of polyacrylamide price trend during the end of this quarter.

North America

The traders found it difficult to manage their price quotations of polyacrylamide during the third quarter as the energy sector supported the surge in procurement rates, but the other downstream sectors themselves struggled to maintain their market trend.

In addition to this, the overseas consumers also failed to provide the polyacrylamide market its the required support, but the accumulation of inventories kept the polyacrylamide prices towards the southward journey. On the other hand, the logistic challenges and improvement in the market dynamics of the region favored stabilization in the polyacrylamide market during the end phase of the third quarter.

Analyst Insight

According to Procurement Resource, the price trend of Polyacrylamide are estimated to oscillate amid the fluctuating cost of feedstock prices and plunging dynamics of demand.

Polyacrylamide Price Trend for the First Half of 2023

Asia

Asian polyacrylamide market observed positive behavior in the first half of 2023. The market was almost steady and stable throughout the concerned period. Market stability was attributed to positive supply–demand dynamics. The polyacrylamide prices rose as consumer demand from the downstream flocculant and lubricant industries rose. As inventory stocks started decreasing and production prices rose, the upstream costs increased, thereby exerting pressure on the polyacrylamide prices.

Europe

Polyacrylamide prices in Europe stayed on an inclining trajectory in H1 2023. As the demand from water treatment plants was on the rise, the prices increased in the market. For the European market, expensive imports from China hiked the prices further. As polyacrylamide consumption increased across the globe, manufacturers raised their quotations. Given the rising inflation rates, the price trend for polyacrylamide are inclined in the domestic market.

North America

The North American polyacrylamide market behaved no differently than other global markets for polyacrylamide prices in H1’23. The market experienced a surge in polyacrylamide demand from downstream water treatment and other industries. Compared to the rising demand, the supplies were limited. Further, the feedstock acrylamide prices registered an increase, and the supplies were limited.

Analyst Insight

According to Procurement Resource, polyacrylamide prices are expected to grow further in the upcoming months. Rise in demand and offtakes are the biggest contributors to the rising trend. Feedstock prices are also on an inclining curve making positive projections for the upstream costs. Overall, polyacrylamide prices are expected to rise.

Procurement Resource provides latest prices of Polyacrylamide. 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.