Dioctyl Terephthalate Price Trend and Forecast

Regional Price Overview

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

Dioctyl Terephthalate Price Trend for the Second Half of 2023

Asia

The onset of the third quarter of 2023 brought positive momentum in the dioctyl terephthalate market as the prices escalated throughout the quarter. In China, this inclination was attributed to the strong winds observed in the downstream plasticizer industries as they increased their appetite by several folds. Also, the traders enjoyed the benefit of more offtakes and orders from overseas players. However, the market's equilibrium was disrupted when the manufacturers did not raise production rates along with the demand.

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This created a gap between supply and demand, providing room for the traders to increase their price quotations. On the other hand, the market failed to translate this momentum in the fourth quarter as the dioctyl terephthalate price trend then experienced a gradual downfall.

Europe

During H2 of 2023, the cost of feedstock 2-ethyl hexanol in European nations encountered difficulties accurately reflected in trends in the price of dioctyl terephthalate. Falling consumer interest and rising lending rates, which further burdened the already trailing industrial sector, were the main causes of this drop in prices. In addition to this, the limited production of dioctyl phthalate, however, was a result of some month-to-month changes and growing energy production costs, which supported the maintenance of supply and demand equilibrium and depreciation in the overall dynamics of dioctyl terephthalate prices.

North America

The difficulties that led to a decline in the prices of dioctyl terephthalate in North America were mostly domestic. During the third and fourth quarters of 2023, the price of raw materials varied continuously before stabilizing towards the end of the year, leading to a disbalance in the cost of production. The dioctyl terephthalate market was further pressured by persistent challenges with exports and supply chain interruptions. Positively, when the last quarter ended, the dioctyl terephthalate prices remained above average due to the gradual and steady demand from the downstream industries supported by winter holidays.

Analyst Insight

According to Procurement Resource, the price trends of Dioctyl Terephthalate are expected to oscillate with the fluctuating cost of feedstock materials and shifting dynamics of consumer demand.

Dioctyl Terephthalate Price Trend for the First Half of 2023

Asia

In the Asia Pacific market, the price trend of dioctyl terephthalate declined in the first and second quarters of 2023. As dioctyl terephthalate belongs to the class of PVC plasticizers, its market trend also mirrored the price trend observed in the PVC plasticizers market.

The demand for dioctyl terephthalate-derived plasticizers in the Asia Pacific region declined due to weak fundamentals of the construction and packaging industry. Amid the sliding conditions of the economy, the consumers lowered their purchasing potential, and with a reduced number of offtakes from the downstream industries, the price trend of dioctyl terephthalate declined in the first and second quarters of 2023.

Europe

The European market conditions declined in the first and second quarters of 2023. The major contributing factor to this decline was the slow market movements of the construction and housing sector, which led to the fall in feedstock prices. In addition to this, stockpiling of inventories and low procurement of the product from the downstream sectors resulted in the fall in the price trend of dioctyl terephthalate.

North America

In the North American region, the cost of feedstock materials declined due to the sluggish movement of end-user industries. The economic activities in this region also took a dip and caused the level of inflation to rise along with some serious disruptions in the supply chain. With abundant inventories and high uncertainties in the prices of crude oil, the price trend of dioctyl terephthalate took a dip in both the first and second quarters of 2023.

Analyst Insight

According to Procurement Resource, the price trend of Dioctyl Terephthalate is estimated to showcase a declining trajectory as the downstream industries will likely struggle amid the high fluctuations in global economic conditions.

Procurement Resource provides latest prices of Dioctyl Terephthalate. 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.