Methyl Salicylate Price Trend and Forecast

Methyl Salicylate Regional Price Overview

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

Methyl Salicylate Price Trend for the Second Half of 2023

Methyl salicylate prices were observed to be fluctuating continuously during the second half of the year 2023. Methyl salicylate often closely observes the market behavior of its feedstock materials, methanol and salicylic acid, and this time around, too, the prices were found to be in close alliance with the raw material costs.
 

Methyl Salicylate Price Chart

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The beginning of quarter three was humble as the inventories were still stocked with excess products, which forced suppliers to cut down the prices in order to promote product movement in the market. However, as the stocks started depleting, the price graph started rising again. This situation went on for some time till the middle of the fourth quarter. After that, the global trade depreciation started affecting all industries, and the lackluster demand in the international market again pushed down the methyl salicylate prices. Overall, mixed market sentiments were witnessed.

Analyst Insight

According to Procurement Resource, Methyl Salicylate price trends are not likely to improve anytime soon as the available stocks are sufficient to cater to the projected demands.
 

Methyl Salicylate Price Trend for the First Half of 2023

Methyl Salicylate is a chemical compound extensively used in food, pharma, chemical, and hygiene sectors. So, the downstream demands from these industries influence the market trend for Methyl Salicylate substantially. Methyl Salicylate is produced using methanol and salicylic acid, so the price trend of these feedstock chemicals also determine the Methyl Salicylate price trend.

In the discussed period, the Methyl Salicylate market experienced mixed price trend as the market started strong at the beginning of H1 2023 because of fresh demands from the consuming sectors. But gradually, by the middle of Q2, the prices moved southward as the inventories had leveled up by that time.

Analyst Insight

According to Procurement Resource, given the fluctuating supply–demand dynamics, the Methyl Salicylate prices are expected to oscillate in a similar manner.

Procurement Resource provides latest prices of Methyl Salicylate. 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.