Isononanol Price Trend and Forecast

Isononanol Regional Price Overview

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

Isononanol Price Trend for the First Half of 2024

Asia

In Asia, isononanol prices were underpinned by rising costs of upstream materials, particularly palm oil, which affected production costs. The demand from downstream industries, such as personal care, remained steady but not as robust as expected, with manufacturers adjusting operations to cope with supply chain constraints. The tightening availability of palm oil, due to plateauing output and expanded biodiesel mandates, contributed to the upward pressure on isononanol prices. Additionally, inflationary pressures across Western markets began to ease, aiding market recovery.
 

Isononanol Price Chart

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In China, the market for isononanol witnessed an uptick, driven by increased industrial activity following the Spring Festival holidays. Demand from terminal industries started to rise, prompting manufacturers to boost production. However, cautious trading persisted as buyers began exploring alternative feedstocks like soybean oil, tempering some of the bullish sentiment.

Europe

In Europe, the isononanol market faced challenges as economic conditions deteriorated. Reduced manufacturing output and soaring operational costs exerted significant pressure on pricing. Manufacturing firms, particularly in Germany, operated at reduced rates, leading to supply-side constraints and higher prices. Freight charges and inflationary pressures further compounded these challenges, adding to production costs and making it difficult for buyers to navigate the volatile market. The combination of inflation, supply chain disruptions, and political uncertainty left many manufacturers pessimistic about future market activity, causing demand to wane in some segments.

North America

In North America, the isononanol market saw more stable conditions, with steady demand from key sectors such as personal care and chemicals. The reduction in inflationary pressures and relatively better economic conditions compared to Europe helped maintain a balanced market. Nonetheless, supply chain issues stemming from global disruptions persisted, causing periodic price fluctuations.

Analyst Insight

According to Procurement Resource, the price trend of Isononanol is expected to be largely guided by the performance of overall oxo-alcohol markets which at present offer a bleak scenario.
 

Isononanol Price Trend for the Second Half of 2023

Asia

The isononanol industry exuded a very vacillating price trend throughout the said period of H2 of 2023 in the Asian markets. The upward rush in the global crude oil prices in the early months of Q3 prompted the market rise for all allied petrochemicals. So, isononanol prices were also impacted as they surged throughout the third quarter with an incline in the production costs. Similarly, the fourth quarter also saw the isononanol prices mimicking the market behavior of its feedstock materials.

The disturbance in the shipping industry because of the Red Sea crisis caused global trade to decline. The industrial demands dipped both domestically and internationally and pivoted the isononanol price graph in the southward direction during the last three months of 2023. Overall, mixed market sentiments were witnessed.

Europe

Isononanol prices in the European markets were hinged relatively on the lower side compared to the Asian markets. The third quarter began with an overflowing level of isononanol inventories, which kept the market prices down despite a rise in the production costs since the suppliers wanted to sustain the product movement in the market. As the final quarter hit, the prices declined even more as the upstream production costs also declined, this time with a fall in crude oil prices. Overall, a declining price trend was witnessed.

North America

The North American isononanol industry was in a close alliance with the global trend as the prices mostly wavered and plunged here as well. Meek demand patterns influenced the supply and demand dynamics in a regressive manner. Because of the poor consumer response, the surge in crude oil prices in the early months also couldn’t help the regional isononanol market much. Conclusively, muted market sentiments were witnessed.

Analyst Insight

According to Procurement Resource, the Isononanol price trends are estimated to oscillate in the coming months. The regional dynamics will change as per the variations in regional consumption patterns.
 

Isononanol Price Trend for the First Half of 2023

Asia

The price trend of isononanol was dependent on the market activities of olefins as they served as its feedstock material. In the first quarter, the price trend inclined as the Chinese manufacturing sector showcased a strong revival after a long stretch of the Lunar holiday season and COVID restrictions.

This also helped the economic conditions of the region to improve, which resulted in a rise in the demand from the downstream industries. This trajectory was followed in the second quarter, too, as the end-user industries supported the market trend. Further, the increased number of inquiries from the overseas sectors supported the price trend of isononanol.

Europe

The first quarter of 2023 proved to be fruitful for the isononanol prices as with the increase in the output of end-user industries, the demand for isononanol and its related products also increased. In the second quarter, however, the winds changed due to high rates of energy production, which had an adverse effect on the cost of manufacturing. In addition to this, the release of imports from the overseas sector and the simultaneous decline in their number of inquiries resulted in the decline in the prices of isononanol.

North America

In the initial months of the first quarter, the feedstock market of isononanol moved slowly as extreme weather conditions disrupted the supply chains. However, the market gained its required momentum in the subsequent months with the increase in demand from the downstream sectors as the existent level of inventories was not sufficient to satisfy the appetite of consumers. However, the prices dipped in the second quarter. The second quarter suffered from the weak condition of the economy that caused the level of inventories and bank interest rates to shoot up, hampering the growth of the isononanol price trend.

Analyst Insight

According to Procurement Resource, the price trend of Isononanol is expected to decline as the demand from the end-user industries seems to be under the pressure of rising inflation.

Procurement Resource providez latest prices of Isononanol. 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.