In Q1 2024, Cationic Polyacrylamide prices in China experienced a decline of around 3.8% from previous quarter. The price of key raw materials, such as acrylonitrile and acrylic acid fallen due to reduced crude oil prices, improved supply chains, leading to lower production costs for cationic polyacrylamide manufacturers. A slowdown in demand from key end-use industries, such as wastewater treatment, oil and gas, and pulp & paper, may have occurred. This could be due to seasonal factors, lower industrial activity, or economic conditions, reducing the overall consumption of polyacrylamide.
In Q2 2024, Polyacrylamide prices increased by approximately 8.1% compared to Q1 2024. Prices of essential raw materials such as acrylonitrile and acrylic acid, which are derived from petrochemical processes have risen due to increasing crude oil prices or supply constraints. These higher input costs have directly impacted polyacrylamide production costs, driving up prices.
For Q3 2024, Polyacrylamide suggests a moderate declining trend, driven by several key factors. A seasonal slowdown or reduced demand from industries such as oil and gas, mining, and water treatment could ease pressure on polyacrylamide prices. As industrial activity adjusts following peak demand in earlier quarters, the market may experience a period of slower growth, reducing the urgency to purchase large volumes.
Q4 2024 indicates a potential stabilization or slight increase in pricing, influenced by various market dynamics. As industries prepare for year-end activities, there could be a surge in demand for polyacrylamide, especially from sectors like water treatment, oil and gas, and mining. Seasonal factors may lead companies to stock up on supplies, resulting in upward pressure on prices.