Diisopropyl Ether Price Trend and Forecast

Diisopropyl Ether 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 Q3 of 2024

Asia

The diisopropyl ether market in Asia witnessed substantial downward pressure during the period as weakening downstream demand and falling feedstock prices dominated market dynamics. The tumbling crude oil prices directly impacted propylene costs, a key raw material for diisopropyl ether production, pushing prices southward.
 

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Chinese markets particularly felt this impact, with manufacturing activities showing considerable weakness across downstream sectors. The domestic demand contracted significantly, especially in the solvent applications, while persistent oversupply issues further aggravated market conditions. Rising inventory levels amid sluggish offtake rates added to the bearish market sentiment.

Europe

The European market faced significant challenges during the said period. The market fundamentals weakened considerably due to escalating logistics challenges in the Red Sea region, which disrupted traditional trade flows. Supply chain bottlenecks and equipment shortages created additional pressure on market dynamics. The falling crude oil prices and subsequent decline in propylene values continued to influence the price trajectory. Manufacturers struggled to maintain margins as demand remained subdued across key end-use sectors.

North America

The US domestic market exhibited relative stability compared to other regions, though underlying weakness persisted throughout the quarter. The falling crude oil prices and subsequent feedstock cost reductions kept market sentiment bearish. Domestic inventory levels remained adequate to meet industrial requirements, while downstream sectors maintained cautious buying patterns. Manufacturing units operated at reduced rates to manage growing stockpiles, while traders adopted a wait-and-watch approach amid market uncertainties.

Analyst Insight

According to Procurement Resource, the price of Diisopropyl Ether is expected to remain under pressure in the coming months. The combination of falling feedstock prices, led by crude oil market weakness, and persistent demand concerns continues to weigh on market fundamentals.
 

Diisopropyl Ether Price Trend for the Q2 of 2024

Asia

In the second quarter of 2024, the price trend of diisopropyl ether in China remained stable, though influenced by fluctuations in the dynamics of several market drivers. In this phase, the extended decline in Asia's crude oil markets due to reduced demand led to a decrease in naphtha and propylene prices, impacting the overall diisopropyl ether production costs. This cost pressure thus eventually resulted in cautious procurement and reduced market enthusiasm. Additionally, the upstream market for isopropyl alcohol also registered marginal declines, contributing to lower production costs for diisopropyl ether.

On the other side, the derivative markets for diisopropyl ether, including butyl rubber and methyl tert-butyl ether, reported a fall in their sales figures, offering insufficient cost support to the market. Therefore, despite supply tightness from maintenance activities at certain facilities, weak downstream demand kept the market momentum on the lower side of the spectrum. Meanwhile, stable overseas trading activities and minimal price fluctuations in the propylene market supported overall market stability.

Europe

In the second quarter of 2024, the European diisopropyl ether market mirrored the sentiments of its feedstock chemicals and the outlook of downstream industries. In the early phase, the market gained substantial momentum from the surge in the prices of isopropanol and propylene.

The end-user demand in this phase also moved in the green zone, as the influx from Asian players declined amid rising freight costs due to escalating tensions in the Middle East and the diversion of the traditional Red Sea route. However, as the end phase of the quarter approached the market momentum fluctuated with the oscillations in crude oil prices, reflected in the slight ups and downs in the pricing patterns of the commodity.

North America

The price trend of diisopropyl ether in the US was closely tied to the fluctuations in its feedstock, isopropyl alcohol. In the second quarter, after the initial period of escalating costs driven by supply chain disruptions, raw material shortages, and increased energy costs, the prices of the commodity declined in the last month of the quarter. This downturn was influenced by decreased demand from downstream industries, sufficient supply of feedstock materials from manufacturers, and stabilized propylene availability due to the restart of a major derivative unit.

Despite transportation challenges from offshore attacks causing higher export costs, the overall ample supply and lower demand led to a slow but gradual rise in inventories. This stabilization of diisopropyl ether prices offered some respite to manufacturers and consumers across various sectors who had struggled in the initial phase with the cost hikes. The traders also anticipate that this relief will continue as the market adjusts further, providing cautious optimism for sustained stability in diisopropyl ether prices, potentially aiding in the recovery of business operations and profitability amid ongoing economic challenges.

Analyst Insight

According to Procurement Resource, the price trend of Diisopropyl Ether is expected to stabilize in the next quarter as the cost support from both global manufacturing and feedstock commodities will balance the downstream procurement rates.
 

Diisopropyl Ether Price Trend for the Q1 of 2024

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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.

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.

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