Chloroprene Price Trend and Forecast

Chloroprene Regional Price Overview

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

Chloroprene Price Trend for the Second Half of 2023

After a lukewarm run in the first half of the year, the Chloroprene price trend witnessed a tepid trajectory during the second half of the year 2023. The prices continued to rally behind the feedstock acetylene prices, and since acetylene was not able to maintain its market momentum, it pulled back the upstream cost support for Chloroprene as well.
 

Chloroprene Price Chart

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The downstream rubber, adhesive, and coating industries were also not very supportive of the Chloroprene price trend since the market demands were observed to be sullen for most time. Still, the third quarter saw a relatively more stable market run as the increment in crude oil prices during this time affected the overall production costs. However, since the crude oil prices fell in the following quarter the Chloroprene price trend fell down even further. Overall, a dull market performance was witnessed in H2’23.

Analyst Insight

According to Procurement Resource, not much improvement is anticipated in the Chloroprene prices as the inventories are running high and will likely be able to cater to the upcoming industrial demands.
 

Chloroprene Price Trend for the First Half of 2023

Chloroprene price trend mostly depend on the feedstock acetylene prices and the demands from consuming rubber, coating, adhesive, automotive, and insulation sectors.

During the said period of H1, 2023 the prices saw an improvement after a long time as the automotive and aerospace sectors picked up amidst various geopolitical tensions.

High global inflation also played its role in pushing up Chloroprene prices as the production costs inclined. Improved trade sentiments across the regions with gradually stabilizing energy prices in Europe and restored supply chains after the unending Russia – Ukraine war began aided the market fundamentals. So, high demands from the downstream sectors led to an inclination in Chloroprene prices, with some reverse fluctuations at the quarter shifts the prices inclined throughout the said period.

Analyst Insight

According to Procurement Resource, Chloroprene prices are expected to fluctuate in the upcoming months as well, since the market demands will continue to be the primary driving factor.
 

Chloroprene Price Trend for the Second Half of 2022

Asia

1,3-Butadiene and Chlorine, the feedstock materials for Chloroprene production determine the Chloroprene price trend to a great extent. The Asia-Pacific market had a very fluctuating run in the second half of 2022. Highs in the price trend were attributed to a rise in production costs due to covid restrictions and inflation in energy prices. But a low demand kept bringing the prices down. The overall market remained in a slump.

Europe

European markets witnessed upstreaming difficulties because of the energy crisis inflicted by Russia - Ukraine war and economic recession. So, butadiene costs remained on the higher side, but inflation also affected the purchasing capacity and demands in the market. Some highs in the trend were observed whenever the demands appeared, as production difficulties limit the supply. But mostly dampened demands affect the trend negatively. So, the Chloroprene market witnessed low demand and lower price trend.

North America

The second half of 2022 started troublesome for the butadiene market, as supply chain disruptions and energy constraints kept the production and overall costs high. But as the year-end approached production costs stabilized back as energy prices dipped and the market normalized again. But demands didn’t rise as much so the year ended with lower price trend. Chlorine mostly stayed consistent in price trend, so butadiene influenced the Chloroprene prices.

Analyst insight

According to Procurement Resource, the Chloroprene price trend are likely to be fluctuating, with demand being detrimental.
 

Chloroprene Price Trend For the First Half of 2022

Asia

Chloroprene is produced from 1,3-Butadiene with the addition of Chlorine. The price trend for Butadiene and Chlorine remained consolidated throughout the Chinese domestic market. The robust demand from the downstream rubber and elastomer industries kept the prices of Chloroprene afloat. The prices of Butadiene averaged around 11000 RMB/MT in North China towards the end of June 2022.

Europe

Owing to the inflated upstream costs due to the supply uncertainties and raised freight and power charges, the prices of feedstock butadiene and Chlorine remained strong throughout the European market. The 1,3- Butadiene prices averaged around 1385-1395 FD Northwestern Europe. With the robust demand from rubber, polymers and homecare markets, the price trend of Chloroprene remained anchored in the domestic market.

North America

The price trend of Chloroprene remained strong due to the inflation during the first half of the said year. The prices of feedstock butadiene averaged 1445 USD/MT FD Texas while that of Chlorine averaged FOB $725/ton US Gulf Chlorine.

Procurement Resource provides latest prices of Chloroprene. 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.