Nitrocellulose Price Trend and Forecast

Nitrocellulose Regional Price Overview

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

Nitrocellulose Price Trend for the Q1 of 2024

Asia

The nitrocellulose market in the first quarter struggled to find momentum and the prices eventually declined. The major setback for the market came in the form of subdued demand from the consumer sector. The primary drivers of the market, such as printing, explosives, and cosmetics industries, reported a negative trend in their own sales figures, which was reflected in the pricing pattern of nitrocellulose as well.
 

Nitrocellulose Price Chart

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The market condition was further worsened by the oversupply of products from both domestic and overseas players. The inventories grew by a significant margin, prompting the trading sector to adopt strict measures. The bearish sentiments were also supported by the downward pressure of the feedstock industries as well, and thus, the price trend of nitrocellulose moved southwards.

Europe

The first quarter did not quite work well for the nitrocellulose market players. Amid the global downturn, the European industries were not different. In European countries, the decline was predominantly influenced by the falling trajectory of feedstock costs, lowering the overall cost of production of nitrocellulose.

The end-user industries also extended only bleak support for the market as they themselves struggled with the loss of a number of inquiries in the present economic conditions. The tensions arising at the Red Sea and increasing instances of Houthi attacks on shipments further depreciated the overall outlook of the nitrocellulose market.

North America

The fluctuations in the nitrocellulose market were the result of a number of factors during the first quarter of 2024. Supply, demand, imported volumes, consumer outlook, and feedstock industries were some of the major influencing factors, while the economic crisis of the region remained a minor one. During this phase, the trading community reported that the excessive supply of feedstocks lowered their price quotations and in turn, the prices of nitrocellulose.

The demand for the commodity also remained on the lower end of the spectrum while the supply chains, mostly domestic, worked efficiently. The loss of export volumes further strained the manufacturing sector, leading to the downfall of nitrocellulose prices.

Analyst Insight

According to Procurement Resource, the price trend of Nitrocellulose is expected to depreciate further with the loss of demand from the downstream industries and rising uncertainties in its feedstock sector.

Procurement Resource provides latest prices of Nitrocellulose. 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.