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North America


In Q2 2024, the North American Acrylic Acid market experienced a consistent price decline due to a mix of factors that exerted bearish pressure. Although upstream markets saw rising crude oil and propylene prices, which typically drive up production costs, the overall market sentiment was influenced by high inventory levels and weak demand from key downstream sectors such as Coating and Construction. This surplus of supply, combined with reduced consumption, resulted in a notable softening of prices across the region. In the USA, where the most significant price shifts occurred, the trend reflected a negative pricing environment. Seasonal fluctuations were overshadowed by persistent oversupply and weak demand, aggravated by high inflation. Prices declined by 2% compared to the same quarter last year, marking a more pronounced bearish market compared to the relatively stable previous quarter, which saw no change. A comparison of the first and second halves of the quarter revealed a 4% price drop, highlighting the ongoing downtrend. Overall, Q2 2024 in the USA showed a negative pricing environment for Acrylic Acid, driven by high inventory levels, cautious procurement from downstream sectors, and overall market bearishness.

Get Real Time Prices for Acrylic Acid: https://www.chemanalyst.com/Pricing-data/acrylic-acid-20

APAC

In Q2 2024, the Acrylic Acid market in the APAC region saw an upward trend in prices, driven by key factors such as a surge in feedstock propylene prices, increased demand from downstream sectors like Paints and Coatings, and existing inventory levels. Rising energy costs also played a role in higher production expenses. Additionally, supply chain disruptions due to regional festive weeks further reduced availability, pushing prices up. Market participants adopted a cautious approach, focusing on maintaining stable supply amid rising costs. In Japan, where the most notable price changes occurred within APAC, the quarter was marked by upward pricing momentum, driven by seasonality and increased manufacturing activities post-festive periods. Although prices were 21% lower compared to the same quarter last year, a modest 1% quarter-over-quarter increase was recorded, with a similar 1% rise between the first and second halves of the quarter. Despite the historical year-on-year decline, the Acrylic Acid pricing environment in Japan during Q2 2024 remained positive, reflecting stable yet increasing trends. Market players demonstrated resilience in balancing fluctuating upstream costs and demand-supply dynamics.

Europe

The European Acrylic Acid market faced challenges in Q2 2024, with persistent price declines. The subdued demand from the downstream Coating and Construction sectors, despite the European Central Bank's interest rate cut aimed at stimulating economic activity, was a key factor in this bearish market sentiment. High inventory levels also contributed to downward pressure, leading market participants to adjust production and trading activities to match weak demand. Germany experienced the most pronounced price changes in the region, with prices falling significantly. Seasonal demand upticks typically seen in Q2 were absent, resulting in a continuous downward trend. Compared to the same quarter last year, prices dropped by 3%, and from the previous quarter in 2024, they fell by 1%. A further 3% decrease between the first and second halves of the quarter reflected ongoing bearish pressures. In summary, Q2 2024 was marked by a negative pricing environment for Acrylic Acid in Europe, driven by oversupply, weak downstream demand, and minimal seasonal recovery.

Get Real Time Prices for Acrylic Acid: https://www.chemanalyst.com/Pricing-data/acrylic-acid-20

 

 

 

 

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