Santos, Brazil- Butyl Acrylate is following an oscillating price trend along with its feedstock, Acrylic Acid, and n-butanol in the global market in the first week of November 2023. In the American market, the prices show a bullish trend along with an uptick in Butyl Acrylate purchasing activities and brisk demand from buyers for bulk purchases. However, in the Chinese market, Butyl Acrylate followed a downward price trend with the upstream market, even after the end of the Golden Week in early October 2023.

In the American market, strong demand arising from the downstream paints and coating sectors helped the market players to increase the price trajectory of Butyl Acrylate. Also, the elevated prices of its feedstocks, Acrylic Acid, and n-butanol, played a major role in raising the operational cost of Butyl Acrylate. This bullish market situation is beneficial for the suppliers as they have an opportunity to raise their prices for the Butyl Acrylate to enhance their profit margins. Moreover, buyers had no choice but to purchase Butyl Acrylate in bulk to fulfil their requirements from the end user since the demand from the downstream Paints and Coating sectors was high and the purchasing activities were enhanced.

In the Mexican market, the rate of trading activities is increasing as the existing stocks are not fulfilling the downstream demand. As demand exceeded the supply, major Butyl Acrylate players in Mexico struggled to cope with the end-users requirements. Furthermore, the trade is increasing from the USA to Mexico, and suppliers restrict themselves from any negotiations for providing discounts on the spot purchases, contributing to the enhanced prices of Butyl Acrylate in the North American market. Furthermore, an increase in the appetite of the downstream Paints and Coating sectors since the stocks present are inadequate made the producers increase their production rate so that the market situation remained under control.

Similarly, in the Brazilian market, the inclined price trend of Buty Acrylate is a result of an increase in the prices of its feedstocks, n-butanol and Acrylic Acid, along with the demand recovery from the domestic market. Due to this, the amount of cargo from China and the USA to Brazil is increasing at an elevated price trend. Despite the bearish market situation in China due to limited domestic requirements, suppliers have rediverted their cargo to the South American market due to the rising buyer interest and robust demand from the downstream Paints and Coating enterprises. Nevertheless, in the USA, the price trend is inclined, and the trade from the USA to Brazil is facing difficulty due to the low water level in the Panama Canal. The shipment of Butyl Acrylate is getting delayed along with the port congestion, raising the import prices.

According to ChemAnalyst, the price trend of Butyl Acrylate in the North and South American market is anticipated to be inclining due to the upcoming festive seasons. This may elevate the demand from the downstream Paints and Coating enterprises. However, in China, the cost support from its domestic market remains limited as the inventories in the storage units are sufficient. Also, the destocking process will start at the end of the year, and it is anticipated that China may decrease Butyl Acrylate prices. However, the trade from China to the Brazilian and Mexican markets is anticipated to rise steeply due to demand recovery from the downstream Paint and coating industries.