N-propyl Acetate Price Trend and Forecast

N-propyl Acetate Regional Price Overview

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

N-Propyl Acetate Price Trend for the First Half of 2024

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Asia

In China, the prices of N-propyl acetate declined due to weak cost support from its feedstock, acetic acid, and falling crude oil prices amid increased OPEC+ production. The manufacturing activity was stable, but domestic demand from the downstream paints and coatings industry remained subdued due to reduced construction activities amid a debt crisis. Despite government efforts, demand from the construction industry stayed low. Further, lower coal prices contributed to reduced energy costs, further influencing the price decline.
 

N-propyl Acetate Price Chart

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Similarly, in India, N-propyl acetate prices also declined, mainly due to weaker import prices from China, where the paints and coatings sector's performance was underwhelming. The feedstock acetic acid prices remained low, and no significant supply chain disruptions were reported. However, demand from downstream industries, such as paints and coatings, was firm, bolstered by active construction activities. The manufacturing and construction sectors showed strong growth, indicating a potential rise in N-propyl acetate prices due to increased demand.

Europe

In Germany, the price trend of N-propyl acetate showed a downward movement, primarily due to lower acetic acid prices. Stable methanol prices provided limited support, while ample inventories met downstream demand. The construction sector's demand remained robust, supported by increased foreign direct investment. However, ongoing labor strikes and high-interest rates posed challenges, creating a complex market environment. Additionally, geopolitical tensions in the Middle East contributed to rising freight charges, influencing the market negatively. Despite this, domestic production remained strong, meeting the demand from downstream industries.

North America

In the United States, the price trend of N-propyl acetate remained stable during the first half of 2024. This stability was influenced by weak cost support from feedstock acetic acid, despite an increase in Brent crude prices due to geopolitical tensions and OPEC+ output cuts. The manufacturing activity maintained consistent levels, leading to adequate inventories and stable market conditions. Additionally, the construction sector experienced growth, contributing to firm demand from downstream industries, including paints and coatings. Lower natural gas prices resulted in reduced energy costs, which helped stabilize production expenses. Overall, the price trend for N-propyl acetate in the US is expected to remain rangebound.

Analyst Insight

According to Procurement Resource, the price trend of N-Propyl Acetate is expected to oscillate on the lower end of the pricing spectra as the cost support from the end user industries is likely to remain weak.

Procurement Resource provides latest prices of N-propyl Acetate. 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.