Diisopropyl Ether Price Trend and Forecast

Regional Price Overview

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

Diisopropyl Ether Price Trend for the Q1 of 2024

Asia

In Asian countries, particularly China, a slight decrease in cost support for diisopropyl ether production due to a shift in offtakes from downstream industries kept the pricing trajectory of diisopropyl ether uncertain throughout the first quarter of 2024. The New Year holidays and the advent of Spring festivities in the region further limited the production rates in the region.

Diisopropyl Ether Price Chart

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On the other hand, the overseas market expanded their interest in the Asian diisopropyl ether market and increased their offtakes, supporting the rise in export volumes. Additionally, a 70% spike in US container freight costs, attributed to Red Sea conflicts, is expected to raise import prices and cause shipping delays during peak winter. The intra-trading of the commodity also increased, although by a slight margin, with improving economic indicators in the first quarter of 2024.

Europe

The European prices of diisopropyl ether oscillated throughout the quarter as the majority of market players presented fluctuating dynamics throughout the first quarter of 2024. The major defining factor of the market was the wavering of the price trend of propylene, which serves as the major feedstock of the commodity, during that same period, keeping the market trajectory of its prices on the lower end of the spectrum. The ongoing Israel-Hamas conflict and disruption of the supply chains further limited the import and export in the region, initially benefitting the market but showing adverse effects in the later phase of the quarter.

North America

In the previous quarters, the North American diisopropyl ether market saw a marginal price increase, influenced by constrained supply and previous stock availability which showcased its effect in the first quarter of 2024 too. The production rates, however, remained steady, but shipping disruptions, particularly through the Panama Canal due to low water levels, hindered supply rates. On the other hand, the domestic offtakes were subdued as orders from industries like paint and cleaning agents decreased due to reduced procurement activities.

The spending budget of the consumers also remained constrained under the changing economic dynamics of the region, signaling a slowdown in new orders and industrial production rates, further dampening demand for diisopropyl ether. These factors collectively contributed to the minor price uptick and the subdued market conditions prevailing in the region.

Analyst Insight

According to Procurement Resource, the price trend of Diisopropyl Ether is estimated to improve in the forthcoming quarters as the rise in demand from paint and coatings sector and building outlook of feedstock market will favor the uptick in the diisopropyl ether market.

Diisopropyl Ether Price Trend for the October - December of 2023

Asia

Diisopropyl Ether is an important compound used in the chemical and coating industries. It is used as a solvent for various chemical, pharmaceutical, and extraction processes. Hence, the market queries from all these and other industries guide the diisopropyl ether market trend. Along with this, the feedstock propylene’s costs also impact the production costs for diisopropyl ether, driving its market trend along with the downstream demands.

During the given quarter of the year, diisopropyl ether prices were observed to be oscillating within closed limits in the major Asian markets. The Chinese market performed better than the Indian market; however, the overall market outlook was observed to be very mixed during the concerned period.

Europe

The European diisopropyl ether market witnessed its price trend oscillating at the lower end of the price curve during the given period of Q4’23. These market trend were majorly influenced by the depreciation in the feedstock propylene price trend during the same period. The commencement of the Israel-Hamas war at that time also impacted offshore trade as well impacting the overall market dynamics. General market sentiments were observed to be weakened for the given period.

North America

The North American market behaved in accordance with the European market sentiments as the prices here were found to be sliding for most of the discussed period. A decline in international orders owing to freight disturbances created a stock glut back home, which fundamentally pushed diisopropyl ether prices down throughout the fourth quarter of the year 2023.

Analyst Insight

According to Procurement Resource, the Diisopropyl Ether prices are likely to continue to waver in a similar manner going forward. The volatile market demands will greatly impact the market sentiments.

Diisopropyl Ether Price Trend for the July-September of 2023

Asia

The Asian diisopropyl ether market observed fluctuating price trend during the third quarter of the year 2023. The market began on a positive note at the beginning of the quarter as the increase in crude oil prices affected the diisopropyl ether price trend. Since the construction sector was trying to revive in China, the diisopropyl ether demands increased along.

These moderate positive fluctuations in the demand spectrum escalated the diisopropyl ether price graph. The market run was largely affirmative for most of the concerned duration, especially in China. However, the excess supply levels started dominating by the end of the quarter and impacted diisopropyl ether price trend. Overall, mixed market sentiments were observed.

Europe

The European diisopropyl ether prices fluctuated within a limited range during the third quarter of the year 2023. After a slow start, the prices steadily picked pace in the middle of the quarter. The downstream industrial demands from the pharma sector were the major influence. Since the fluctuations in the diisopropyl ether price graph were marginal, the market trend were almost stable during the said time. The general market sentiments were positive.

North America

The North American diisopropyl ether price trend almost mirrored the European market trend since the prices improved after a short, steady run in the first month of the quarter. Overall, mixed market sentiments were observed.

Analyst Insight

According to Procurement Resource, the Diisopropyl Ether price trend will likely fluctuate in the coming months as well since the uncertain market demands will continue to guide the market dynamics.

Diisopropyl Ether Price Trend for the First Half of 2023

Asia

A series of fluctuations were observed in the diisopropyl ether price trend in the first and second quarters of 2023. The region's market dynamics were affected by the reduced upstream prices and increasing pressure on the fluctuating crude oil prices due to heavy sanctions imposed on trade with Russia. A slight incline was, however, observed towards the end of the first quarter. The second quarter witnessed an increase in inventory levels with a significant drop in the consumption rates of consumers that adversely affected diisopropyl ether prices.

Europe

During the initial months of both the first and second quarters, the price trend of diisopropyl ether rose slightly with the support of firm supply-demand equilibria. But in the following months, the number of offtakes from the end-user industries declined, and the slow activity of the construction sector negatively impacted the European diisopropyl ether market. Additionally, the restricted movement in the consumer sector and rising levels of inventories and soaring inflation rates led to the decline in the prices of diisopropyl ether.

North America

With stable supply-demand equilibria, diisopropyl ether prices remained stagnant in the first quarter of 2023. It rose slightly during the initial months of the second quarter due to the low availability of the product in the market. But soon enough, the speed of the recession caught up with the inclining market activities, and as a result, the labour went on strike, which drove the production costs. In addition to this, the sluggish trend of downstream paints and construction sectors also reduced their demand for diisopropyl ether, which further aided the declining prices.

Analyst Insight

According to Procurement Resource, the price trend of diisopropyl ether is expected to showcase a declining trajectory, given the slow demand and the approaching global recession.

Procurement Resource provides latest prices of Diisopropyl Ether. 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.