FOB Immingham: The European Polyacrylamide (PAM) market has displayed remarkable pricing stability throughout October 2023. The market remained steady, with no significant increases in new orders and a lack of buying enthusiasm from end-users. Additionally, the feedstock Acrylamide prices have held at higher levels. However, the Eurozone Manufacturing PMI for October displayed a slight dip from September 2023, indicating manufacturing and purchasing power weaknesses. Collectively, these factors have contributed to the market's resilience and prevented any price declines despite the prevailing conditions. Nevertheless, the PAM market experienced moderate to high demand from various sectors, including industrial water treatment and Oil & Gas Enhanced Oil Recovery (EOR), contributing to the overall price stability. Furthermore, consistent demand for PAM from the textile and paper industry also played a role in maintaining stable market fundamentals. Cost-effective feedstock acrylonitrile helped stabilize manufacturing expenses, bolstering market dynamics.

On October 26th, the European Economic and Social Committee (EESC) called the European Commission, urging them to prioritize water management on a European scale, stressing the need for a unified EU approach. Water Europe has endorsed the EESC's appeal for an EU Blue Deal and has already published specific recommendations to guide the development of a Water-Smart Strategy. During a conference, EESC member Paul Rübig emphasized the importance of actively implementing the EU Blue Deal through collective contributions from a Water-Smart Society. A Water Projects Europe workshop will coincide with the ECOMONDO event on November 7th. The primary objectives include achieving zero pollution, fostering a circular economy, and addressing climate change challenges, all while optimizing resource management through digital solutions to promote sustainable water management in Europe.

According to ChemAnalyst, in recent times, the European market for PAM may have witnessed a remarkable increase in demand, driven not only by the wastewater treatment sector but also by the textile industry. This double boost in consumption has led to a notable upward trend in PAM prices, affecting both the US and European markets. PAM plays a crucial role in water treatment processes and is indispensable for the oil and gas industry, where it enhances oil extraction efficiency. The increased demand for PAM is a result of the industry's efforts to maximize production and extract additional oil reserves. Additionally, the consistent rise in Acrylamide feedstock and energy prices has raised concerns about increased production costs for PAM. Considering these factors and the expected improvement in economic and manufacturing activity in the European region, the PAM market may see a positive price trend in November.