Polybutylene Terephthalate Price Trend and Forecast

Regional Price Overview

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

Polybutylene Terephthalate Price Trend for the October - December of 2023

Asia

For the majority of the fourth quarter of 2023, the polybutylene terephthalate prices wavered on the lower end of the graph. But in the last month, the market witnessed some price stability in China, which was on the back of a slight improvement in demand.

Polybutylene Terephthalate Price Chart

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However, a supply-demand imbalance brought on by the limited capacity of polybutylene terephthalate production during these times asserted a positive influence on the polybutylene terephthalate price trend. There were some instances when the producers of polybutylene terephthalate experienced a shift in consumer preferences as they moved towards more environmentally friendly products that raised the hopes of both traders and producers.

Europe

In the last month of Q4 of 2023, the demand for polybutylene terephthalate in Europe surged, mostly due to the packaging industry's rising demand brought on by the expansion of the consumer base. The market's growth was also driven by government legislation encouraging eco-friendly purchases and growing customer desire for biodegradable packaging. On the other hand, the influx of raw materials required for polybutylene terephthalate synthesis declined as the ports of European countries suffered from the disruption of the Red Sea route, leading to the rapid depletion in inventories and a surge in polybutylene terephthalate price graph.

North America

Due to its environmental friendliness, polybutylene terephthalate became more and more popular in the latter half of the fourth quarter after registering a slow start. It can be utilized in farming, clothing production, and item packing, all these industries witnessed positive momentum at the end of the year 2023. Additionally, polybutylene terephthalate production cost seemed to be under the direct influence of changes in the price of crude oil. In addition to the fall in crude oil cost, the feedstock materials also failed to showcase any appreciation in their prices, which posed challenges in the upward journey of the polybutylene terephthalate price graph.

Analyst Insight

According to Procurement Resource, the price trend of Polybutylene Terephthalate are expected to face a number of challenges in terms of falling prices of raw materials, but the demand outlook of the market is likely to improve in upcoming quarters.

Polybutylene Terephthalate Price Trend for the July-September of 2023

Asia

In the initial phase of the third quarter, the upswing in the polybutylene terephthalate price trend was supported by high demand and improvement in the automotive and electronics sectors. However, in the second half, the rates of production soon matched the demand for polybutylene terephthalate and gradually surpassed it, resulting in a hike in the level of inventories. In view of degrading market sentiments, the manufacturers and traders reduced their price quotations of polybutylene terephthalate, which resulted in the downfall of polybutylene terephthalate price trend.

Europe

The positive momentum of the polybutylene terephthalate market in European countries was influenced by a significant rise in the demand for polybutylene terephthalate. Amid rising rates of procurement of polybutylene terephthalate, the production activities slumped, depleting the inventory levels.

The main cause of this fall in production rates was the rising cost of crude oil that escalated the prices of production, challenging the manufacturing sector. In addition to this, the increased number of sales of automotive industries and industrial growth seen in European countries led to the northward movement of polybutylene terephthalate prices.

North America

In North America, too, the surge in market activities of automotive industries and the strong confidence of consumers in this sector led to the upward trajectory of the polybutylene terephthalate price graph. The polybutylene terephthalate price history also suggested a surge in the trend in the third quarter, which was fulfilled by a noticeable improvement in the number of offers from the domestic and overseas industries while its supply in North America was limited.

Analyst Insight

According to Procurement Resource, the price trend of Polybutylene terephthalate are expected to bloom on account of rising demand from the automotive industries and worldwide reduction in its production.

Polybutylene Terephthalate Price Trend for the First Half of 2023

Asia

Polybutylene Terephthalate prices exhibited mixed price behaviour throughout the first half of 2023, given the fluctuations in downstream demands from the automotive, polymer, and EV sectors. The first quarter started with low prices; however, soon, the prices inclined as the demand-supply gap widened.

The rising crude oil prices (given the production cuts) led to high upstream cost pressure. Further, after the holiday season, the manufacturing capacities were not running at full, leading to a fall in inventory stocks. Hence, the PBT prices inclined towards the end of the first quarter. This inclined trend continued well within the second quarter, considering the high downstream offtakes amidst inventory shortages.

Europe

The European Polybutylene Terephthalate market fluctuated throughout the period under discussion. Q1 majorly witnessed an inclination in prices, as the demands exceeded the supplies and existing stocks could not cater to high downstream demands. But as the second quarter approached, the manufacturers enhanced their production rates churning products at a much faster pace, which, combined with the consistent downstream demands, resulted in an almost flattened curve. Hence, polybutylene terephthalate prices experienced stable market dynamics in the second quarter.

North America

In North America, Polybutylene Terephthalate price trend mostly wavered on the upper end, as the EV and automotive sectors posed consistently high demands. Suppliers kept ordering more products to fulfil the demands as decent profit margins were maintained. These trend continued till mid-Q2, after which they stabilized as demands got steady. Overall, positive market sentiments were recorded for PBT prices.

Analyst Insight

According to the Procurement Resource, Polybutylene Terephthalate prices are expected to fluctuate in the coming months. The strong demand amid erratic supplies and feedstock fluctuations will likely impact the market heavily.

Procurement Resource provides latest prices of Polybutylene Terephthalate. 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.