Heptanoic Acid Price Trend and Forecast

Heptanoic Acid Regional Price Overview

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

Heptanoic Acid Price Trend for the Q4 of 2024

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In Q4 of 2024, the heptanoic acid market experienced a steady decline in prices across major regions due to stable supply and softer demand from key industries. In China, demand from sectors like lubricants and plasticizers was lackluster, with buyers purchasing only what they needed and avoiding stockpiling. Producers maintained consistent output, but the cautious attitude of buyers and sufficient supply levels prevented prices from gaining momentum. Prices were about 4871 USD/MT (CFR) in October and around 4772 USD/MT in December.
 

Heptanoic Acid Price Chart

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A similar pattern was observed in the European markets, where the heptanoic acid price curve displayed a gradual downward trajectory during the period. Prices were about 4564 USD/MT (FOB) in October and around 4489 USD/MT in December, primarily due to falling feedstock prices. Additionally, weak demand from industries like additives and lubricants, with buyers focusing on using up existing inventories, led to cautious market sentiment, further pressuring prices downward.

In North America, the market followed a comparable trend, with prices gradually softening throughout the quarter. While demand from automotive and industrial applications was steady, it wasn’t strong enough to drive any upward movement. Prices were about 4629 USD/MT (CFR) in October and around 4546 USD/MT in December.

Analyst Insight

According to Procurement Resource, the prices of heptanoic acid are expected to normalise primarily depending on the prices of feedstock materials during the upcoming months.
 

Heptanoic Acid Price Trend for the Q3 of 2024

The Heptanoic Acid price curve witnessed downward movements in the third quarter of 2024 across the global markets. According to the Heptanoic Acid prices database, the Heptanoic Acid price trend showed declining trends in the said periods as the logistics improved, and ragging freight costs showed a significant drop with the normalization in the Red Sea situation. The prices were about 5075 USD/MT (CFR) in July’24 and around 4848 USD/MT in September’24 in the Chinese markets. Along parallel lines, in the European region, the heptanoic acid prices witnessed a gradual declining trend in Q3’24. The prices were about 4608 USD/MT (FOB) in July’24 and around 4474 USD/MT in September’24 in the European markets.

On a similar note, the Heptanoic Acid price mirrored the trend of the other global market. The prices turned downwards as the production and logistical costs dropped. The prices were about 4747 USD/MT (CFR) in July’24 and around 4595 USD/MT in September’24 in American markets.

Analyst Insight

According to Procurement Resource, the Heptanoic Acid price curve is expected to show continued upward movements in the upcoming quarter well supported by the demand from the downstream industries.
 

Heptanoic Acid Price Trend for the First Half of 2024

During the first half of 2024, Heptanoic Acid prices exhibited a fluctuating trend globally. In the Chinese market, prices experienced a slight decline in the first quarter due to high inventories, with supply exceeding demand. However, as the year progressed, Heptanoic Acid prices saw a notable increase, driven by rising feedstock costs and supply chain disruptions. Increased freight expenses and shipping disruptions in the Red Sea further contributed to the price surge, adding pressure to the market. As the supply chain adjusted, prices stabilized, returning to levels seen at the beginning of the year. Prices were approximately 5050 USD/MT (CFR) in January 2024 and remained around 5050 USD/MT in June 2024.

Similarly, the European Heptanoic Acid market experienced notable price fluctuations in the first half of the year. Prices stood at 4707 USD/MT (FOB) in January 2024 and declined to 4609 USD/MT by June 2024. The first quarter saw a downward trend due to market oversupply. However, prices later rebounded, though they remained below the levels recorded at the start of the year. Meanwhile, the North American Heptanoic Acid market followed a similar trend to its European counterpart. Prices were 4798 USD/MT (CFR) in January 2024 and declined slightly to 4678 USD/MT in June 2024.

Analyst Insight

According to Procurement Resource, the Heptanoic Acid prices are likely to normalize after witnessing a rise in the previous quarter as the supply and logistical challenges are mitigated.
 

Heptanoic Acid Price Trend for the Second Half of 2023

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The trajectory of heptanoic acid prices during the H2 of 2023 was dependent on the global market trends exhibited by the feedstock hexene market. In the third and fourth quarters of 2023, the markets across Asia, Europe, and North America experienced similar trends of price depreciation and mixed sentiments. In Asia, particularly in China, the market performed relatively better compared to other regions as during July’23, the prices averaged around 4631 USD/MT, but after stumbling and recovering, this average grew to approximately 4975 USD/MT in December’23.

The European market followed a weaker suit, with marginal price declines driven by high inventory levels and disruptions in international trade due to freight issues. North America also witnessed subdued market conditions, with prices hovering at the lower end of the spectrum, influenced by reduced industrial activity during the holiday season. In all, the global Hexene market faced challenges of oversupply, freight disturbances, and seasonal slowdowns, leading to a cautious outlook among industry players during the quarter.

Analyst Insight

According to Procurement Resource, the price trend of Heptanoic Acid is expected to face certain issues, such as depreciation in the cost of feedstock materials worldwide, but the positive sentiments from the downstream industries might help in keeping the market dynamics afloat.
 

Heptanoic Acid Price Trend for the First Half of 2023

Heptanoic acid prices vary according to its feedstock heptanal which is sourced from hexene, so the price trend almost replicate each other. During the first half of the year 2023, the price trend for the heptanoic acid market showed mixed sentiments but were overall positively inclined. As manufacturing activities were reviving in China after the lockdown was lifted, trade exchanges increased. As China is the major exporting territory, improved market sentiments induced movement in the other international markets as well.

American market, too, showed improvement despite a slow start. Same with the European market, as the supply chains were restored and port congestions cleared, giving way to improved shipping, the overall trade excises fixed up. Increasing offtakes from downstream sectors supported the rising heptanoic acid prices. Overall, the market looked steady and hopeful.

Analyst insight

According to Procurement Resource, the heptanoic acid price trend are expected to stabilize further in the upcoming quarter as the consistent supply and demand dynamics suggest positive market behavior.

Procurement Resource provides latest prices of Heptanoic Acid. 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.