Sodium Polyacrylate Price Trend and Forecast

Regional Price Overview

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

Sodium Polyacrylate Price Trend for the Second Half of 2023

Asia

Sodium polyacrylate prices observed a very uneven run throughout the second half of the year 2023. The trends in the early three months were wavering as the prices were mostly fluctuating within a very narrow range because of a limited gap between the supply and demand outlooks. This turbulent run went on till the middle of the second half of the said duration. However, the following months saw a substantial downfall in price trends.

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Primarily because the offshore demands had trampled owing to the freight and transportation issues. So, after a lukewarm ride, the sodium polyacrylate prices subsided in the later months. The Chinese sodium polyacrylate industry still performed better than the Indian market as domestic consumption was also able to support the prices.

Europe

The European market’s trend for sodium polyacrylate recorded highly oscillating numbers. The market’s performance was duller and slumped in the third quarter as the customer response decreased. Despite this sluggish nature of downstream demands, the prices showed slight improvements in the next quarter primarily because of the supply restrictions caused by the Red Sea issues. Conclusively a hybrid market run was witnessed in H2’23.

North America

The North American market trends for sodium polyacrylate closely mimicked its European counterpart.

The prices were on a downhill slope for the majority of the third quarter, with a few reverse fluctuations attributed to the occasional jumps in downstream demands. However, the fourth quarter was relatively firm since the supplies became the limiting factor. Other geopolitical incidents also had an influence on these price patterns.

Analyst Insight

According to Procurement Resource, Sodium Polyacrylate price trends are likely to continue to fluctuate in the coming months as the market outlook will take some time to stabilize.

Sodium Polyacrylate Price Trend for the First Half of 2023

Asia

The Sodium Polyacrylate market fluctuated throughout the said period, given the price oscillations in its feedstock acrylic acid and sodium hydroxide. In Asian markets, varied price trend were observed as prices inclined in China in the first quarter and swung low in India during the same.

High exports to Europe from China caused a stir in the domestic market, but the second quarter recorded a downward oscillating pattern in Sodium Polyacrylate prices. In China, because of rapid production and lowered demands, the high inventory levels forced suppliers to offer discounts, whereas, in India, limited queries from downstream chemical industries kept the market sentiments muted.

Europe

The Sodium Polyacrylate market experienced troubles in the European region throughout the said period. The cheap Chinese imports invaded the market amid supply chain curtailments due to the Russia-Ukrainian conflict. This gave domestic suppliers tough competition; they had to reduce their prices to sell their products. Further, this oversupply amid subdued demands hampered industrial and trade activities. Overall, dull market sentiments were observed.

North America

North American Sodium Polyacrylate behaved no differently than its European counterpart during the discussed period as the market struggled to sustain itself. The decline in production costs because of subsided crude oil prices reduced the upstream cost support. Downstream demands were also limited, and the availability of cheap Asian exports also pushed the market further down. By the end of the second quarter, markets attempted to stabilize a little but remained oscillating on the lower end of the price curve.

Analyst Insight

According to Procurement Resource, given the high supplies and high level of inventories, the price trend for Sodium Polyacrylate appear to remain struggling in the upcoming months as well.

Sodium Polyacrylate Price Trend for the Second Half of 2022

Asia Pacific

The prices for Sodium polyacrylate decreased in China during the third and fourth quarters of 2022. The decline in prices was due to the shrinking demand from the foreign market and domestic trade disruptions. The key factors responsible for the decline in the prices of sodium acrylate are cautious procurement from the downstream industries, negative market response, and pressure on the acrylic acid market.

Europe

The prices of sodium polyacrylate plummeted in the said period. The supply from producers remained strong while the demand was limited, leading to the declining trajectory of the prices. The slow international market growth, especially in the automotive sector, was reflected in the price trend of sodium polyacrylate.

North America

Due to the decline in the prices of feedstock acrylic acid and an overall negative demand the prices of sodium polyacrylate declined in the North American market. The downstream procurement was weak, and the market sentiments were also not in favour of the prices.

Analyst Insight

According to Procurement Resource, the prices of Sodium polyacrylate are likely to decrease during the coming months given the low demand in the end-user industry market and rising inventory levels along with falling consumption.

Sodium Polyacrylate Price Trend For the First Half of 2022

Asia

The prices of sodium polyacrylate registered an upward trend in the Asian market during the first quarter. The increased market quotations due to the inflated energy costs, complex logistics and port congestions caused the prices of sodium polyacrylate to incline to an average of 2310 USD/MT in China and 2560 USD/MT in India.

However, with the resurgence of covid-19, the Chinese government imposed a series of lockdowns which prompted the industries to halt production. The limited inventories coupled with the downstream demand destruction caused the prices of sodium polyacrylate to dwindle.

Europe

The price trend for sodium polyacrylate kept on the higher side of the scale during the said period. The absence of Baltic cargoes inflated upstream costs and supply shortages caused the prices to inflate further. The robust demand for super absorbents from the downstream industries caused the prices to hike by 2-3%.

North America

The US domestic market closely followed its European counterpart. The manufacturers increased quotations to protect their profit margins amid the surging input costs. The prices of sodium polyacrylate averaged 2710 USD/MT during the said period.

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