Butyl Acrylate Price Trend Analysis: Q1 2024
In Q1 2024, Indian butyl acrylate prices averaged ₹125,888/MT, rising 10% quarter-on-quarter and outperforming the broader APAC market, which faced more subdued or declining trends. This sharp uptick was driven by a combination of domestic supply tightness due to intermittent plant shutdowns and lower import volumes, along with rising feedstock costs particularly for n-butanol and acrylic acid which elevated production expenses.
Additional upward pressure came from front-loaded restocking by downstream industries such as paints, coatings, and adhesives, anticipating further price hikes and potential logistics disruptions. Resilient end-use demand, especially in the construction and packaging sectors, along with continued logistical bottlenecks at key Indian ports, reinforced the bullish pricing environment, positioning India as a notable outlier in the regional market.Â
Butyl Acrylate Price Trend Analysis: Q2 2024
In Q2 2024, Indian butyl acrylate prices averaged ₹149,000/MT, marking a strong 15% quarter-on-quarter increase, significantly outpacing the price gains seen in acrylic acid and reflecting heightened bullish sentiment in the domestic market. The surge was fueled by a confluence of factors, including firm downstream restocking demand from the coatings, adhesives, and construction sectors, which intensified procurement activity early in the quarter.
Elevated feedstock costs, particularly for n-butanol and acrylic acid, continued to exert upward cost pressure, while intermittent supply constraints and logistical bottlenecks notably delays in port clearance and regional transport disruptions further strained market availability. This supply-demand imbalance, compounded by tight regional inventories and cautious import flows, created a supply-side squeeze that reinforced price momentum throughout the quarter.Â
Butyl Acrylate Price Trend Analysis: Q3 2024
In Q3 2024, Indian butyl acrylate prices averaged ₹138,126/MT, reflecting a 7% quarter-on-quarter decline, marking the first notable correction after two consecutive quarters of sharp gains. This price softening was driven by a moderation in downstream demand, particularly as restocking activity slowed post-peak buying in H1.
While upstream cost pressures from n-butanol and acrylic acid remained elevated, they were insufficient to offset the impact of easing supply constraints and improved logistical flows, which brought greater stability to domestic availability. Additionally, seasonal monsoon related slowdowns in construction and industrial activity tempered offtake volumes, contributing to the downward pressure.
The market tone, though softer, remained supported by cautious buying ahead of the festive season and uncertainties in upstream raw material pricing, suggesting prices could stay within a narrow but potentially volatile band in the near term.Â
Butyl Acrylate Price Trend Analysis: Q4 2024
In Q4 2024, Indian butyl acrylate prices averaged ₹123,000/MT, marking a 7.2% quarter-on-quarter decline, as the market softened in response to year-end demand fatigue and elevated inventory levels. With downstream industries particularly paints, coatings, and adhesives—entering scheduled maintenance cycles and financial-year audits, buying momentum slowed considerably.
At the same time, steady domestic production and a rise in import volumes led to a supply overhang, exerting downward pressure on prices. The cost landscape remained neutral, as feedstock prices for n-butanol and acrylic acid showed little movement, and logistics constraints eased with smooth port operations across key entry points.
These combined supply-side dynamics outweighed any residual cost or demand-side support, resulting in a subdued close to the year. Looking ahead, market sentiment in Q1 2025 will largely depend on the timing and strength of restocking activity and potential shifts in upstream feedstock trends.Â