Choline Chloride Price Trend and Forecast

Choline Chloride 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 Q3 of 2024

Asia

The market for choline chloride remained consolidated in the Asian market during the third quarter of 2024. The adduct of the high prices of feedstock ethylene oxide and chlorine coupled with oscillating prices of hydrochloric acid impacted the overall pricing dynamics for choline chloride.
 

Choline Chloride Price Chart

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Further, the demand from the downstream pharmaceutical and personal-care industries kept the market steady, thereby stabilizing the overall dynamics for the majority of the discussed period.

Europe

In the European market, choline chloride prices remained relatively stable during Q3 2024. The market was characterized by a balance between fluctuating feedstock costs and steady demand. While prices of key raw materials like ethylene oxide and chlorine experienced some volatility, the impact on choline chloride was largely offset by consistent demand from the animal feed and pharmaceutical sectors. This equilibrium resulted in a consolidated pricing trend throughout the quarter.

North America

The North American choline chloride market mirrored the consolidation seen in Asia during the third quarter of 2024. Prices oscillated within a narrow range, influenced by the varying costs of feedstocks such as ethylene oxide and hydrochloric acid. Demand from the poultry industry, a major consumer of choline chloride as a feed additive, remained steady. Additionally, consistent offtake from pharmaceutical and personal care product manufacturers helped maintain market stability.

Analyst Insight

According to Procurement Resource, Choline Chloride prices are expected to continue their consolidated trend in the coming months. The interplay between volatile feedstock prices and stable demand from key end-use industries is likely to keep the market balanced, with only minor fluctuations anticipated in the short term across both regions.
 

Choline Chloride Price Trend for the Q2 of 2024

Asia

Choline chloride plays a vital role in animal nutrition as an essential nutrient for poultry, swine, and other livestock. Industrially, choline chloride is produced through the chemical reaction of ethylene oxide, resulting in a highly soluble and stable compound; it is also used in the human nutrition sector, pharmaceuticals, and as a clay stabilizer in the oil and gas industry.

During the second quarter of the year 2024, the choline chloride prices expressed a mixed dynamic in the Asian markets. In the early phase of the quarter, the prices dwelled mildly as the petrochemical sector turned down a little bit in the region with Chinese and Indian access to cheaper oil options in the global crude markets. Some correction was seen in the latter phase of the quarter; however, the overall market sentiments varied the entire time.

Europe

The choline chloride’s price trend in the European markets was no different from the Asian markets as the prices were found to be fluctuating here as well. The market started a little slow as the supply chain interruptions hindered trade in the region. The domestic demand structure was also moderately supportive of the regional pricing outlook. Therefore, the choline chloride market steadily improved as the quarter progressed. Overall, a varying price trend was witnessed.

North America

Choline chloride prices in the North American markets closely followed the trends in the Asian and European markets during Q2’24. Markets in the United States responded positively with inclined demands from the feed and pharma sectors. Even though there were some occasional ups and downs seen in the market, the overall performance remained range-bound. The international trade was relatively slumpy, however, domestic consumption kept anchoring the choline chloride prices throughout the said period.

Analyst Insight

According to Procurement Resource, Choline Chloride prices are expected to remain positively motivated in the coming months. The supply and demand outlooks are projecting improvement, which is likely to boost the concerned markets.
 

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.

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.