Acrylic Acid Price, Monitor, Market analysis & Demand
North America Acrylic Acid prices in the North American region during the fourth quarter of 2023 (Oct to Dec) were influenced by several factors. Firstly, the market experienced a bullish trend due to strong demand from downstream Paints and Coating enterprises. This increased consumption led to low supplies and insufficient inventories, prompting suppliers to raise their quotations and enhance their profit margins. Additionally, the prices of the raw material, Propylene, used in the production of Acrylic Acid, also increased, further driving up costs. In Mexico, the price of Acrylic Acid in CFR-Manzanillo saw a significant increase of 6.02% during Q4 2023. This was primarily due to the surge in demand from the downstream sector and the higher prices of Propylene. The Mexican Peso depreciated against the US Dollar, adding to the price increase. No plant shutdowns were reported during this quarter. Looking at the price trends, there was an overall increase in Acrylic Acid prices in both...