As of July 2024, Ethylene Acrylic Acid (EAA) prices in Belgium stabilized at USD 3,225 per metric ton, reflecting a decrease of 4.36% from June’s price of USD 3,372. In Q2 2024, the average price was USD 3,439, down 3.62% from Q1’s average of USD 3,568. These fluctuations were influenced by maintenance shutdowns at key production facilities and geopolitical tensions that impacted feedstock availability.
Despite these price decreases, demand for EAA remained robust, particularly in the automotive and construction sectors, where it was essential for high-performance adhesives and coatings. This consistent demand provided a buffer against the volatility in prices, even as supply chain constraints persisted.
Looking ahead to Q3 2024, ongoing price pressure will be anticipated due to rising feedstock costs and supply chain challenges. However, the increasing focus on sustainable materials is expected to strengthen EAA’s market position, helping to sustain demand in the face of these challenges.
In the longer term, anticipated production capacity expansions in regions such as the USA may help stabilize prices in Q4 2024 and beyond. Nonetheless, the market is likely to remain volatile through due to geopolitical factors and evolving demand dynamics, necessitating careful navigation by stakeholders to manage pricing strategies and investments effectively.