Diethyl Sulfate Price Trend and Forecast

Diethyl Sulfate Regional Price Overview

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

Diethyl Sulfate Price Trend for the Second Half of 2023

Asia

With an initial decline in the third quarter of 2023, the prices of diethyl sulfate stabilized towards the end of the fourth quarter. In the first phase, weak demand and moderate supply of the product downgraded the momentum of the diethyl sulfate market. However, as the months progressed, the domestic production rates improved, and along with it, the demand also grew, although not very significantly. The volatility in the cost of feedstock materials and fluctuating dependency on overseas imports also worked in favor of the diethyl sulfate price trend.
 

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Europe

The diethyl sulfate prices depreciated during the first month of the third quarter but after that attained stability. This stabilization of the market dynamics was brought by the rise in the cost of feedstock materials initially and then by the gradual rise in demand from the downstream industries. However, this phase of the prices was not long-lived as they soon started to decline in the fourth quarter.

The market momentum in this quarter was driven by limited demand and weak projections for the end-user industries. Additionally, amid escalating costs of raw materials, the sector witnessed diminished profitability, which eventually led to the southward movement of the diethyl sulfate price trend.

North America

Throughout the third quarter, the diethyl sulfate prices fluctuated, following a similar trend as was observed in the Asian and European countries. The rise in federal reserve rates and the adoption of strict policies in order to stabilize the uncertain economic outlook of the region backfired on most of the chemical industries, such as diethyl sulfate. However, a modest rise in the prices was witnessed in the fourth quarter as the demand for antifreeze and other downstream products started to incline in the approaching winter months.

Analyst Insight

According to Procurement Resource, the price trends of Diethyl Sulfate are estimated to face the upcoming months.
 

Diethyl Sulfate Price Trend for the First Half of 2023

Asia

The feedstock materials, i.e., ethylene and sulphuric acid, guided the price trend of diethyl sulfate throughout the first and second quarters of 2023. The feedstock market majorly remained bearish for this time period in the Asia-Pacific region as the demand from downstream industries declined, and even the upstream markets failed to provide the required support. In the second quarter, the already struggling fertilizers industries took a toll, and with low rates of consumption, disruptions in trade, and a rise in stockpiles of products, the price trend of diethyl sulfate fell throughout the second quarter.

Europe

In Europe, the ethylene market performed fairly well as compared to the movement shown by sulfuric acid. There was a significant incline in the price during the initial and mid-phase of the first quarter as the cost of production rose, and the new number of orders from downstream industries helped in stabilizing the prices of diethyl sulfate. However, in the second quarter, none of the feedstocks performed well.

The rates of consumption fell to an alarming level and eventually led to a rise in the level of inventories. This posed to be a problem for the diethyl sulfate market as, along with this, the prices of natural gas also shifted towards the negative zone, hampering the growth of the diethyl sulfate price trend.

North America

In the initial phase of the first quarter, the price trend of diethyl sulfate was affected by the mixed sentiments shown by its feedstock market. The trend declined initially due to the slowing down of market activities as the demand from downstream industries and the holiday season hampered procurement rates. However, as the first quarter progressed, the diethyl sulfate price trend gained its momentum due to a rise in demand and low inventory levels. This bullish trend continued till the late phase of the second quarter when the cost of feedstocks started to decline as the consumer-manufacturer transactions were only need-based, and swinging economic conditions finally started showing its adverse effects on the price trend of diethyl sulfate.

Analyst Insight

According to Procurement Resource, the price trend of Diethyl Sulfate is estimated to depict a fluctuating trajectory as its feedstock markets do not seem to perform favorably in the upcoming months.

Procurement Resource provides latest prices of Diethyl Sulfate. 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.