With a rise in the trading mood of the downstream Butyl Acrylate, consumption of Acrylic Acid has been soaring in the German region. Natural gas costs in the EU are almost fifteen times greater than before the downturn, and much more than those in Asia, putting European industries under enormous pressure to retain their viability against foreign goods. Northeast Asian manufacturers of PMDI and polyols have attempted to ship additional cargoes to Europe despite difficult market circumstances, a few of which are expected to continue, citing higher margins and increased customer demand in light of Europe’s production challenges.
Transportation issues, such as port congestion in China, falling Rhine River flow in Europe, and a strengthening US currency, are affecting these trade flows. According to market sources, if Germany’s energy shortage persists, butyl acrylate shipments to the rest of Europe may increase. Other issues include the viability of freight costs, product certification, shifting currency fluctuations, and the durability of strong demand in Europe.
Acrylic Acid prices in the German economy are hanging in September at USD 2210/tonne, with a regular increase of 0.95%, according to Chem Analyst pricing team data. The market is evolving swiftly due to the industry’s ongoing development.
High prices for energy have had a burden on energy-intensive businesses, with a severe reduction in supply in the chemicals industry. Consumer goods production has also fallen, notably for polymers and paints. Germany’s inflation rate is expected to rise into double digits in the following months. Germany’s inventories have increased from less than 50% full in September to 84% full today as a result of the impasse with Russia, which has led countries like it to seek supply elsewhere. Acrylic acid sales are increasing as the application range expands; the polymer sector stays at the frontline of demand.
Let’s talk about Acrylic Acid:
Acrylic acid is a naturally occurring chemical molecule with the structure CH2=CHCOOH. It is the most basic unsaturated carboxylic acid, with a vinyl group immediately attached to a carboxylic acid terminal. This white liquid has a distinct acerbic or sour odor. Ethers, Alcohols, Water, and chloroform are all miscible with it. Every year, almost a million tonnes are produced.
Acrylic acid is extremely corrosive and irritating to the skin and respiratory tract. Eye contact can cause serious and irreparable harm. Low levels of exposure will have little or no effect on health, however, excessive levels may induce pulmonary edema.
