Choline Chloride Price Trend and Forecast

Regional Price Overview

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

Choline Chloride Price Trend for the Q1 of 2024

Asia

Choline chloride prices were witnessed closely following the market behavior of its feedstock materials, ethylene oxide, and hydrochloric acid, during the first quarter of 2024. In the Asian choline chloride market, the general sentiments were largely positive as the prices mostly wavered on an inclined trajectory. There were several factors driving this price trend.

Choline Chloride Price Chart

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The rising feedstock cost was pivotal, but other than that, the downstream consumer behavior was also supportive for the most part. Demands were steady, yet regular which helped to maintain product movement in the region, especially in India and China. An escalation in energy and crude oil prices during this time was another boost for the choline chloride price trend. Overall, an optimistic outlook was witnessed for choline chloride in the Asian markets during the given period.

Europe

The choline chloride price trends in the European market were influenced by the behaviors of the Asian market during the concerned timespan. Prices exhibited mild variations in the European markets. With mild inclinations and declinations occasionally, the price trend observed limited oscillations for the entire period. In Europe, the disturbances caused by the Russia and Ukraine conflict were still affecting the overall trade fundamentals.

The downstream pharma and textile industries were not able to provide sufficient consumer support. Because of this, the HCl demands also plunged occasionally as it exerted downward pressure on the price trend. On the other hand, inclining manufacturing costs were adding to the cost pressure. With this, the choline chloride market remained tugged in the European region for the most part.

North America

As tensions in the Middle East kept rising, it continued to affect the trade dynamics globally, especially for the USA. Trade corridors were increasingly becoming non-functional, and a stupendous hike was noticed in freight costs because of this. Consumers became very cautious with purchases, which forced suppliers, too, to acquire a wait-and-watch approach. Amidst this geopolitical chaos, a rise in crude oil prices drove the manufacturing and processing costs up. Conclusively, mixed market sentiments were witnessed in Q1’24.

Analyst Insight

According to Procurement Resource, the Choline Chloride price trends are likely to fluctuate as per different market drivers in the coming months. The current supply and demand outlooks look hopeful.

Choline Chloride Price Trend for the October - December of 2023

Asia

During the fourth quarter, the Choline Chloride price graph in the Chinese domestic market showed some incline. The market for ethylene glycol and downstream ethoxylates had a poor demand scenario, but given the sharp increase in feedstock prices, the Choline Chloride price trend inclined. Additionally, the cost of crude oil and natural gas was also affected by the reduction of the number of exports from oil giants that pressured the manufacturing sector.

Europe

In the European markets, there was a subtle decline in the choline chloride price trend. Due to the high rates of inflation and decreased buyer interest in the market, prices experienced a gradual decline throughout the quarter. However, the increased pressure on upstream costs and substantial increase in naphtha prices gave the choline chloride market its required momentum and slowed its downward journey.

North America

Throughout the fourth quarter of 2023, Choline Chloride prices dipped across the US domestic market. Prices initially stayed on the lower end of the curve due to less demand, rising inflation, and higher interest rates amid weaker capabilities for consumption and acquisition. However, as the third quarter came to an end, the issues of demand were resolved but struggles in export rates due to drought-like conditions in the Panama Canal and a decline in crude oil prices led to the downfall of choline chloride prices.

Analyst Insight

According to Procurement Resource, the price trend of Choline Chloride are expected to base its trajectory on the demand from downstream chemical industries and the situation of global crude oil trade.

Choline Chloride Price Trend for the July - September of 2023

Asia

Choline chloride is an important chemical that is used in the animal feed, pharma, and textile industries. The price trend of choline chloride are largely determined by the market demands of the downstream industries and also by the market behavior of its feedstock materials.

During the third quarter of the year 2023, the choline chloride prices were observed to be fluctuating in a very narrow range. Not much significant variation was observed as a consistent gap between the supply and demand dynamics imparted borderline stability to the choline chloride market.

Europe

The European choline chloride market trend were found to be wavering at the lower side of the curve during Q3’23. The crude oil prices in the region tumbled, which added to the downward pressure on the choline chloride price trend. Further, the lackluster demands coupled with dull consumer behavior amid rising economic uncertainties heavily impacted the price trajectories.

North America

The American choline chloride market mimicked the trend seen in the European markets as the prices swung at the lower end here as well. Dull demands and exhausted inventories pushed the market prices for choline chloride down during the discussed period. The general market sentiments were observed to be dull.

Analyst Insight

According to Procurement Resource, the Choline Chloride price trend are likely to continue oscillating along similar lines given the volatilities in the downstream demand and global economy.

Choline Chloride Price Trend for the First Half of 2023

Asia

The price trend for choline chloride declined in the first quarter of 2023 and fluctuated on a month-on-month basis in the second quarter of 2023. Despite the removal of covid restrictions and improvements in the supply chain, the market for choline chloride declined. In addition, weak user demand and sufficient supply of the product in the region negatively impacted the choline chloride prices.

Europe

The price trend of choline chloride in the European region showcased mixed signals in the first and second quarters of 2023. The price trend inclined in the first months of 2023 as the number of imports of high prices from the Asia region flooded the market. As a result, the traders got high benefits from these expensive imports along with the positive demand outlook from the end-user industries. However, in the subsequent months, the demand from end-user industries declined, and the feedstock costs also failed to provide the required support. These factors pushed the price trend of choline chloride into the negative zone.

North America

The choline chloride market moved southwards in the first and second quarters of 2023 in the North American region. The market dynamics of this region were negatively influenced by the reduced number of offtakes and ample availability of the product in the region. The trading activities also remained feeble, and even the imports from Asian countries could not help the choline chloride prices to find their lost momentum.

Analyst Insight

According to Procurement Resource, the price trend of Choline Chloride is expected to showcase a mixed trend as the demand from the end-user sectors seems to be fluctuating.

Procurement Resource provides latest prices of Choline Chloride. 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.