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 Q1 of 2024

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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.
 

Heptanoic Acid Price Chart

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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.