Methylparaben Price Trend and Forecast

Methylparaben Regional Price Overview

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

Methylparaben Price Trend for the Q1 of 2024

Asia

Throughout the first quarter, Asian countries noticed positive demand for methylparaben, supporting the uptrend in its prices. Initially, the decline in the value of Chinese currency as compared to the US dollar turned the confidence of the consumer sector sour, but after the termination of the Chinese New Year holiday season, the demand for the commodity grew gradually, proving the traders and manufacturers a room to increase the price quotations of methylparaben.
 

Methylparaben Price Chart

Please Login or Subscribe to Access the Methylparaben Price Chart Data
 

Additionally, the geopolitical tensions and disruption of the traditional trading routes increased the overall cost of transportation, particularly to the European countries. However, this did not devour the confidence of overseas industries, which eventually led to the northward movement of methylparaben prices.

Europe

The European industries showcased a completely opposite stance as compared to the Asian sector. The primary reason for this downfall was the increased competitiveness in the market. In order to boost trading activities, during the initial phase of the quarter, the Asian manufacturers reduced their pricing quotations of methylparaben, which pressured the domestic players to reduce their prices as well. Further, the demand for the commodity was also not sufficient to cater to the available stocks, which summed up as an additional thrust. The depreciation of European currency as compared to the US dollar accelerated the downfall of methylparaben prices during the Jan-Mar quarter of 2024.

North America

The procurement rates of methylparaben from both domestic and overseas suppliers remained stagnant throughout the first quarter of 2024 while the supply chains worked at their maximum efficiency, widening the supply-demand gap of the market. Meanwhile, the Chinese industries lowered their quotations, which had an adverse effect on the North American market of methylparaben as well. The market players early in the quarter opted for destocking activities in order to keep the market momentum afloat. However, these measures were yet to showcase any positive movement in the prices of methylparaben.

Analyst Insight

According to Procurement Resource, the price trend of Methylparaben is expected to attain a stagnant stance in the upcoming quarters as even if the demand for the commodity improves, the existing inventories might be more than sufficient to cater to that.

Procurement Resource provides latest prices of Methylparaben. 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.