Anisole Price Trend and Forecast

Regional Market Overview

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

Anisole Price Trend for the Q1 of 2024

Asia

Anisole gave an above average performance in the Asian markets during the first quarter of 2024. The Chinese market was more consistent than the Indian market, as the price trajectory was more uniformly inclined here. This price performance was heavily influenced by the market run of feedstock materials phenol and methanol. As these feedstock markets heated up, the anisole prices also caught on, driven by the rising upstream costs.

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These chemical markets were primarily guided by the global incline in energy and crude oil markets as OPEC+ raised prices amidst ongoing chaos in Europe and the Middle East. Russia and Iraq, two prominent members of OPEC+, faced some output decline, which eventually reflected in the whole petrochemical industry. Overall, mixed market sentiments were observed.

Europe

The European anisole market resembled the Asian market during the said time period as the prices showed slight increments here as well. After Ukraine attacked some Russian oil refineries, it affected the region’s energy infrastructure significantly. Russian oil output dipped by about 7% as the operations got disturbed.

The downstream demands were still humble, and the inventories were also able to cater to these demands; however, a rise in the production costs pushed up the prices. The geopolitical turbulences across the globe had a role to play in disturbing the global trade dynamics. Freight challenges in the Red Sea have also impacted the market, with Middle Eastern producers facing logistical challenges.

North America

The anisole’s price trajectory in the American market reflected similarities with its Asian and European counterparts. The global surge in crude oil and energy prices pushed the price graph upwards here, while the modest demand patterns from the downstream chemical and fertilizer industries kept pushing the price graph downwards. Regional armed conflicts with Russian and Israeli wars were also reflecting poorly on the American economic machinery. Tugged between these high production costs and dull demands, anisole witnessed a varying trajectory in the American domestic market.

Analyst Insight

According to Procurement Resource, Anisole price trends are likely to continue varying in the coming months as well. Given the current macroeconomic indicators, trade sentiments will be further affected globally.

Anisole Price Trend for the October - December of 2023

Asia

The Asian anisole market exhibited variations in price patterns during the last quarter of the year 2023. Stocked-up inventories played a big part in determining anisole price trend for the said duration. Since the existing stocks were well capable of catering to the downstream demands, the prices took a downward hit. Other than this, the biggest influence on the anisole price trend is held by its feedstock materials, methanol and phenol, both of which gave an underwhelming performance at the price scale during the concerned time period.

The demands from the food and beverage industry still kept the Chinese anisole market afloat. However, the Indian anisole market’s performance was even more disappointing. The narrow gap between the supply and demand dynamics influenced the price trend in the Asian anisole market. The prices were found to be wavering throughout the three-month span of Q4’23. Overall, mixed market sentiments were observed.

Europe

The European anisole market almost replicated the Asian trend for Anisole. Regular demands from the chemical, agrochemical, and pharma sectors kept the European anisole market moving forward. Due to the global supply chain restrictions, there were some irregularities on the supply front. However, the general market trend were buoyant throughout the entire span of q4’23.

North America

In the USA Anisole market, the situation was a little better. The feedstock side provided substantial cost support as the market was high for the anisole raw material phenol. However, since the anisole demands were under control, the market could not perform that freely. Overall, blended market trend were witnessed.

Analyst Insight 

According to Procurement Resource, given the current inventory situation, Anisole price trend are likely to waver accordingly in the near future.

Anisole Price Trend for the July-September of 2023

Asia

Anisole experienced a disappointing journey throughout the discussed period. Anisole is fundamentally used in the chemical and polymer industries, and both registered feeble demands for anisole throughout the entire time period. The industries in China have been struggling to stand again since the pandemic restrictions, but the great inflation after 2022’s Russian invasion of Ukraine pushed the production rates downhill.

The subsiding crude oil costs also alleviated the upstream cost pressure, further reducing the price potential for anisole. The rise in economic inflation globally challenged consumer sentiments a lot, and the various downstream industries also struggled to maintain production and prices without incurring any losses. As a result, the international queries also diminished for Chinese suppliers. With feeble demands from both domestic and international markets, the product prices wavered at the lower end of the anisole price graph.

Europe

The European market behavior for anisole was not much different from the Asian anisole markets. The price index kept inching lower and lower for the entire span of three months. Various factors contributed to such a disappointing price graph. The dependence on Chinese exports and the reduction in domestic utilization of anisole all strangled the European regional prices for anisole. Overall, muted market sentiments were observed for anisole throughout the said period.

North America

The North American anisole market could not behave any differently from the other global markets, as the price sentiments were suffering here too. The dull demands initially kept the market downward, tottering for the majority of the discussed period. Some reverse fluctuations were observed at the very end of the third quarter, but general market sentiment remained cold.

Analyst Insight

According to Procurement Resource, not much change is anticipated in the price trajectory of anisole going forward. The market is likely to remain afloat in the coming months.

Anisole Price Trend for the First Half of 2023

Asia

A declining trajectory in the price trend of anisole was observed in the first two quarters of 2023. The market was influenced by the high level of inventories and weak demand from agrochemicals, fragrances, and other related industries. In addition, the dynamics of the domestic market in the first two quarters were also weak, and the onset of the Lunar holidays in China region restricted the supply chains, which had a cumulative effect in declining the prices of anisole.

Europe

The market trend observed in the Asia Pacific region was mirrored in Europe. The prices of anisole here also faced the challenges raised by a rise in inventory levels and weak performance of the downstream industries. Due to this, the manufacturers had to cut their production rates, and with the slow demand from the domestic and overseas industries, the trend of anisole nosedived in the European region.

North America

The North American market was also not much different from the European and Asia Pacific region. The prices of anisole here also suffered from the slow demand from the dyes and pesticide industries. The market activities in the domestic region improved slowly after the holiday season, but the reduction in offtakes and a number of inquiries, along with feeble industrial movements, led to the weakening of the market for anisole.

Analyst Insight

According to Procurement Resource, the price trend for anisole are expected to remain unsettled in the coming quarter. The demand from the downstream sectors and the rising inventory levels will likely impact the anisole market.

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