U.S. Acrylic Price Increases Controversial

U.S. Acrylic Price Increases Controversial According to reports, there was controversy over the November contract price in the US acrylic acid and acrylate markets. Under normal circumstances, it is normal for buyers and sellers to have a certain price gap, but in the current situation where the demand for the acrylate market is not strong, the seller’s November contract price will increase by 6-8 cents/lb. It is more difficult than usual, and buyers find it difficult to accept.

It is said that the current US acrylic acid contract price is 1.09-1.13 US dollars / pound, has maintained the price since September, has been flat for three consecutive months. Most buyers do not agree with the idea that the seller wants to recover the cost, because the price increase of the main raw material chemical grade propylene (CGP) has been almost negligible in the past quarter. Chemical grade propylene declined sharply in May and June, but has remained stable in recent months, flat in July, 1.50 cents/lb in August, and 1.00 cents/lb in September.

Only two manufacturers, Dow Chemical and Arkema, announced that the price of acrylates will increase since November 1st, or as allowed by the contract. Some buyers said that the reason for “expecting the increase in raw material prices” is very “absurd”. Most buyers insist that efforts to raise prices in November will be doomed to failure.

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