U.S. benchmark and international crude benchmarks both fell as investors took profits following prior gains on the announcement of sweeping new U.S. sanctions targeting Iran. The 'Operation Economic Outcast' campaign imposes global sanctions with no exemption for China, creating uncertainty around Iranian oil flows. Prices remain volatile as markets assess whether the sanctions will successfully isolate Iran's energy sector or be circumvented.
Crude oil futures firmed amid firm spot demand, with both major global benchmarks edging higher in trade. Increased positioning by market participants reflected continued underlying demand support.
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.
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.
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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.
The molecular weight of the sodium polyacrylate group of polymers ranges from 1,000 to 78,000 g/mol. The majority of sodium polyacrylates used in detergents typically have a molecular weight of 4,500 g/mol (HERA, 2014). Although these polymers are not easily biodegradable, they are partially amenable to the process in the end. It is unlikely that they will bioaccumulate. For plants, terrestrial invertebrates, and aquatic species, sodium polyacrylate poses a modest toxicity risk.
(C3H3NaO2)n
Thickening Agents, Inhibition of Hydrogen Production from Waste-Diaper Material, Low Salt Animal Skin Preservation, Removal of Metal Ions from the Environment
1-Propenoic acid, homopolymer, sodium salt
Covestro (Germany),, RSD Polymers Pvt. Ltd.,, Powder Pack Chem (India),, Zhengzhou Wade Water Treatment Material Co. Ltd.
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
This procedure involves grafting acrylic acid into maize starch to create a polyacrylate, which is further saponified with sodium hydroxide to produce sodium polyacrylate.
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