Methyl Ester Sulphonate Price Trend and Forecast

Regional Price Overview

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

Methyl Ester Sulphonate Price Trend for the Second Half of 2023

Asia

In the final two quarters of 2023, the methyl ester sulphonate market in Asia experienced a blend of trends. Initially robust in October, prices rose due to the upward movement of palm oil feedstock costs. However, a sharp decline occurred in the latter half of the quarter, influenced by both palm oil prices and demand from downstream industries like detergents and cosmetics. Despite initial strong demand, the holiday season led to decreased market needs, resulting in overall modest price variations.

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Europe

In Europe, methyl ester sulphonate trends mirrored those of Asia. Trade disruptions, notably from conflicts like the Russia-Ukraine and Israel-Hamas wars, significantly impacted prices. Amid a global industrial slowdown and falling crude oil prices, methyl ester sulphonate prices tended towards the lower end of the spectrum.

North America

Similarly, in North America, methyl ester sulphonate market dynamics paralleled those of other global regions. The market's trajectory followed palm oil feedstock prices, contributing to a subdued atmosphere. Suppliers faced pressure to reduce production due to existing inventory levels, leading to fluctuating price trends overall.

Analyst Insight

According to Procurement Resource, the price trend of Methyl Ester Sulphonate is estimated to be dictated by the cost of feedstock materials and trading activities around the globe.

Methyl Ester Sulphonate Price Trend for First Half of 2023

Asia

In the first quarter of 2023, the price trend of methyl ester sulphonates was challenged by stagnant demand and high rates of manufacturing due to the surplus availability of fatty acids that serve as raw materials in its production processes. The trend, however, stabilized a little during the mid-phase of the first quarter as the demand from downstream industries improved, and due to the onset of the holiday season in China, the production of feedstock materials declined.

This strong demand and limited availability of products continued to support the rise in the price trend of methyl ester sulphonates till the first half of the second quarter. In the second half of the second quarter, the prices of methyl ester sulphonate plunged with a weak number of offtakes from the downstream industries and challenging market dynamics.

Europe

European nations suffered from high inflation and surplus availability of feedstocks in the region, which negatively impacted the price trend of methyl ester sulphonate in the first quarter of 2023. The high rates of inflation not only affected the purchasing appetite of consumers but also the rates of manufacturing. In addition to this, the interest of end-user industries also declined in the sector, which ultimately resulted in the decline in the price trend of methyl ester sulphonate.

North America

The purchases from downstream industries in the first quarter of 2023 inclined significantly, giving a positive push to the price trend of methyl ester sulphonate. This, in turn, also helped in the reduction of inventory levels and enhanced the rates of methyl ester sulphonate production in the region.

However, the feeble economy of North America due to the failure of two major banks proved to be a problem for the rise in the prices of methyl ester sulphonate. The effect of this was prominent in the second quarter as the price trend of methyl ester sulphonate declined. To curb the challenging condition of the market, the government was forced to adopt strict policies and raise their interest rates that eventually hampered the growth of the methyl ester sulphonate price trend.

Analyst Insight

According to Procurement Resource, the price trend of Methyl Ester Sulphonate is expected to decline in the upcoming months as the demand from downstream industries and support from feedstock industries do not seem to support the market of methyl ester sulphonate.

Procurement Resource provides latest prices of Methyl Ester Sulphonate. 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.