Monochloroacetic Acid Price Forecast Report 2024-2025 | Price Trend, Latest Prices, Market Analysis, News, Chart, Demand, Extensive Forecast, Historical and Forecast Data

Monochloroacetic Acid Price Forecast

The slight rebound in market activities during the month of May might not be sufficient to fuel the uptrend in monochloroacetic acid prices in the upcoming months. The current price forecast suggests the southward movement as the weak position of the acetic acid and methanol market will assert a negative impact on the pricing trajectory of MCA. Further, the abundant coal supply in China, compounded by a decline in the number of international and domestic offers throughout the third quarter, indicates a tough year for the MCA market.

Market Dynamics

In May 2024, the acetic acid market experienced a rise in prices due to several favorable factors in China, raising the average cost of production of monochloroacetic acid and its derivatives. China’s domestic production has decreased from high levels, with the overall operating load down to 82.65% due to maintenance shutdowns in Liaoning and other regions. Additionally, overseas, multiple facilities have undergone maintenance, reducing supply. Despite weak demand in 2023, the production capacity increased by 28.15% from 2020, though new capacity additions in 2024 are limited. The current supply pressure is expected to reduce significantly. Consequently, the price of acetic acid is predicted to rise, influencing the monochloroacetic acid (MCA) market. As MCA relies on acetic acid as a feedstock, the rising prices of acetic acid and limited new production capacity will likely lead to a corresponding increase in MCA prices, particularly towards the latter half of the year.

Annual Outlook for Monochloroacetic Acid Industry

The annual outlook for monochloroacetic acid (MCA) in 2024 suggests varying price trends across different quarters, influenced by methanol as its feedstock. In the second quarter of the year 2023, MCA prices are expected to decline subtly due to weaker acetic acid prices driven by an oversupply of feedstock. This downward trend is projected to continue in subsequent quarters, too, as increased coal supply and abundant methanol availability keep feedstock prices low, coupled with weak demand in China. However, a rebound is anticipated in the latter months of the year with an approximate 8% quarter-on-quarter rise in MCA prices, attributed to rising industrial activities in China, a 7% increase in acetic acid prices, and a significant 16% increase in natural gas prices. In Europe, MCA prices are likely to stabilize with minor fluctuations in Q2, primarily due to the softening of natural gas prices and stable demand from end-use industries, resulting in a projected decline. The Q3 is expected to see a modest 1% increase in prices due to a 35% rise in natural gas prices driven by seasonal demand. However, in Q4, European MCA prices are projected to increase by about 7% quarter-on-quarter, driven by heightened demand from the chemical industries and escalated feedstock prices.

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