Acetoin Price Trend and Forecast

Acetoin Regional Price Overview

Get the latest insights on price movement and trend analysis of Acetoin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Acetoin Price Trend for the First Half of 2023

Asia

The production of Acetoin involves the condensation dimerization of acetone, and thus, its price trend is dependent on the market sentiments of acetone. The first quarter witnessed an incline in prices during the initial months; the prices rose with the help of accelerating crude oil costs.
 

Acetoin Price Chart

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The upstream products, such as naphtha and polymers, also helped in the rise in the prices of Acetoin. In addition to this, many manufacturing plants went under maintenance shutdown and thus disrupted the supply of Acetoin. The prices were able to maintain a stable trajectory in the second quarter, too, with the help of the increase in the number of queries from importing nations. During the end phase of the quarter, the domestic inventories inclined while demand fell consistently, hampering the price trend of Acetoin.

Europe

The rise in feedstock prices and volatility in the cost of crude oil helped in the growth of Acetoin prices during the first quarter of 2023. Another significant contributor to this rise in prices was the slow rates of production and consistent fall in the cost of logistics in the European region. The uptick in the prices was followed in the second quarter too initially. But during the second half of this quarter, the sentiment took a bearish turn with the fall in the cost of feedstocks and plunging consumer interest in the sector.

North America

In North America, the costs of production were stable during the initial phase of the first quarter but soon inclined with the rise in demand. Amid the high procurement rates of end-user industries, the supply of Acetoin remained slow throughout the first and second quarters, which in turn supported the northward trajectory of Acetoin prices. In the second quarter, however, the prices began to decline due to the weak momentum of the feedstock market and a reduction in the number of orders from the international sectors.

Analyst Insight

According to Procurement Resource, the price trend of Acetoin is expected to follow an oscillating trajectory as the consumption rates of consumers and the performance of the feedstock materials will dictate the movement of Acetoin prices.

Procurement Resource provides latest prices of Acetoin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.