Ethyl Acrylate Prices, Monitor, Analysis & Demand

North America

In the fourth quarter of 2023, the North American market for Ethyl Acrylate experienced a mixed trend. The market was mainly influenced by factors such as supply and demand dynamics, plant shutdowns, and currency fluctuations. Firstly, the demand for Ethyl Acrylate was high, with insufficient inventories in storage facilities. However, from November 2023, the sluggish demand from the downstream Paints and Coating enterprises resulted in a decline in prices. Additionally, the prices of the upstream feedstock Acrylic Acid had an impact on the production cost of Ethyl Acrylate. Moreover, plant shutdowns were not reported during this period.

Moving on to Mexico, which had the most significant changes in prices, the market saw a bullish trend. The demand from the downstream paints and coating sector was high, leading to an increase in prices. Insufficient supplies and increased consumption of existing inventories further contributed to the price rise. The Mexican Peso depreciated against the United States Dollar, affecting the overall market dynamics.

In terms of price analysis, there was an 8.68% increase in prices from the previous quarter. The quarter-ending price for Ethyl Acrylate CFR Manzanillo in Mexico was USD 1710/MT. In comparison to the previous quarter, the Ethyl Acrylate prices showcased a bullish trend in Q4 2023.

APAC

The APAC region's Ethyl Acrylate market in Q4 2023 faced several significant factors that impacted prices. In Oct 2023, there was a high operating cost and gradual improvement in the Ethyl Acrylate market. This led to an increase in prices, as the cost of production and supply chain logistics increased. Secondly, an increase in freight charges due to rising fuel costs also contributed to the upward price trend. This added expense in transporting the product impacted the overall price of Ethyl Acrylate in the region. However towards the end of the quarter, bulk trading and an increase in consumption from existing inventories further influenced the market, leading to fluctuations in prices. In Japan, the price trend for Ethyl Acrylate experienced a decline in Q4 2023. This can be attributed to a decrease in consumption rates from the downstream Paints and Coating sectors due to low demand. This decline in demand impacted prices in the country. Additionally, when comparing the prices in Q4 2023 to the same quarter of the previous year, there was a significant decrease of -58%. This decline can be attributed to various market factors and fluctuations in supply and demand. Furthermore, there was an 11% decrease in prices from the previous quarter, indicating a downward trend in the market. In conclusion, the APAC region's Ethyl Acrylate market in Q4 2023 experienced a variety of factors that influenced prices, including high operating costs, increased freight charges, and bulk trading. When compared with the previous quarter, APAC market faced a decline in prices due to low demand from the Paints and Coating sectors. The price trend in Q4 2023 also showed a significant decrease compared to the previous year and the previous quarter. The quarter-ending price for Ethyl Acrylate CFR Tokyo in Japan was USD 1465/MT.

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Europe

In the fourth quarter of 2023, the European market for Ethyl Acrylate experienced an upward trend in prices. The demand from the downstream paints and coating industry was high, leading to a shortage of supply and an increase in prices. Additionally, the prices of the commodity's feedstock, Acrylic Acid, rose due to increased energy costs and production expenses. This further contributed to the overall price increase of Ethyl Acrylate. Germany, in particular, saw significant changes in prices during this quarter. The country's PMI showed signs of improvement, indicating a gradual recovery in the market. There were no reported plant shutdowns during this period. Comparing the current quarter to the same quarter of the previous year, there was a significant decrease in prices, with a decline of 35%. However, when comparing the current quarter to the previous quarter, there was a modest increase of 1% in prices. The quarter-ending price for Ethyl Acrylate in Germany was USD 1820/MT (FD Wiesbaden). Overall, the high demand, low supply, and increased feedstock prices were the primary factors influencing the market trends and prices of Ethyl Acrylate in Europe during the fourth quarter of 2023.

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