Laurolactam Price Trend and Forecast

Laurolactam Regional Price Overview

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

Laurolactam Price Trend for the Second Half of 2023

Asia

A steep depreciation in the price trend of Laurolactam was observed during the third quarter as the muted demand from the downstream industries only increased the inventory levels concerning the traders. The investors in this sector were also skeptical due to rising uncertainties and along with the reduction in the prices of crude oil, the Laurolactam price trend moved southwards.
 

Laurolactam Price Chart

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The bearish sentiments of the market perished during the fourth quarter, too. The end-user industries did not witness much difference in their functioning, but the stockpiles of Laurolactam inclined on account of excessive supply and unbalanced demand, reducing the Laurolactam prices by the end of the year 2023.

Europe

A visible decline in the market sentiments of Laurolactam prices was observed during the last two quarters of 2023. In view of oscillating market activities, the downstream polymers industries muted their trading activities and thus failed to offer any support to the Laurolactam price trend. Additionally, several other factors, such as downward driving crude oil prices and rising competition in the market, projected ill sentiments in front of the manufacturers of Laurolactam and thus led to the decline in Laurolactam prices.

North America

Initially, the devaluation in the Laurolactam market was not as sudden as observed in the European and Asian countries, as the prices first inclined during the third quarter and then steadily began to fall. In view of subdued demand from the downstream industries and accumulated inventories, the Laurolactam market sentiments lacked support and thus began to decline. Additionally, the fourth quarter also faced a cautious nature of overseas industries which further affected the Laurolactam price trend negatively.

Analyst Insight

According to Procurement Resource, the price trend of Laurolactam is estimated to struggle with the challenging downstream demand and declining cost of feedstock materials.
 

Laurolactam Price Trend for the First Half of 2023

Asia

Laurolactam is used as a raw material in the production of nylon and related fibers, and thus, its market dynamics are dependent upon it. In the first quarter, the prices of Laurolactam inclined as the demand from the downstream industries such as textile inclined, supporting the growth of the market. However, the excessive buildup of inventories, imbalance in the supply and demand sectors, and weak support from the feedstock market led to the decline in the price trend of Laurolactam.

Europe

The price trend of Laurolactam in Europe increased throughout the first and second quarters of 2023. During this time, the downstream textile businesses continued to see a rise in demand. To maintain the price trend of Laurolactam and deal with the rising inventory levels, the traders lowered their profit margins. In the first two quarters of 2023, this modification had a relatively negative impact on the Laurolactam market.

North America

In the early part of the first quarter, the price trend of Laurolactam experienced an upturn due to heightened demand from downstream industries. However, in the latter half of the first quarter and throughout the second quarter, prices declined due to an abundance of stockpiles and reduced demand from the textile sector. As a result, manufacturers and traders were compelled to lower their price quotations, ultimately leading to a decline in the price trend of Laurolactam.

Analyst Insight

According to Procurement Resource, the price trend of Laurolactam is estimated to struggle with the low demand from the downstream sectors and weak support from the feedstock markets.

Procurement Resource provides latest prices of Laurolactam. 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.