Polyphenylene Ether Price Trend and Forecast

Regional Price trend

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

Polyphenylene Ether Price Trend for the Second Half of 2023

Asia

The number of domestic orders from the automotive industries declined by a great margin, pushing the prices of polyphenylene ether in a downward spiral in the first three months of H2 of 2023. Even other downstream industries, such as construction etc., also showcased muted sentiments.

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Along with this, the rising OPEC+ sanctions and excessive reliance of the Asian market on imports in the third quarter raised the concerns of the traders. However, the market turned out favorable in the fourth quarter as the festive demand, the onset of the winter holiday season, and some relief in inflation raised the spending appetite of consumers, reflecting a positive influence on the polyphenylene ether price trend.

Europe

In European countries, the polyphenylene ether prices were volatile throughout H2’23. Initially, the market gained momentum due to the rising cost of raw materials and crude oil. But soon, the negative effects of rising interest rates and challenging economic parameters impacted the market.

During the fourth quarter, the increased influx of expensive Chinese imports and gradually rising demand from the end-user industries worked in favor of the polyphenylene ether market and thus helped its prices to take on a northward journey. Also, the market could sustain the equilibrium of supply and demand, supporting the bullish trend in the prices of polyphenylene ether.

North America

The first month of H2 of 2023 turned the polyphenylene ether price trajectory upward due to the rising cost of feedstock materials and crude oil, which raised production costs. However, soon, the automotive and other related industries experienced a slowdown as the lending rates and inflation indicated a pessimistic nature of the market, and even the economic indicators suggested bleak financial conditions.

However, eventually, at the onset of the fourth quarter, the market trend turned bullish as the regional and overseas demand for polyphenylene ether spiked, helping the prices of polyphenylene ether to take on an inclining journey.

Analyst Insight

According to Procurement Resource, the price trend of Polyphenylene Ether is estimated to depict stagnancy in the upcoming months as after the holiday season, the demand from the downstream industries might decline.

Polyphenylene Ether Price Trend for the First Half of 2023

Asia

The market for polyphenylene ether inclined in the first and second quarters of 2023 after a slight tumbling phase during the initial days of the first quarter. In the first quarter, the polyphenylene ether market activities were supported by high demand from both domestic and international downstream industries as traders looked forward to stocking up their inventory levels.

In addition to this, the automotive industries showed positive market sentiments in the second quarter, and despite the slow economic growth of Asian markets, the price trend inclined as the feedstock prices supported polyphenylene ether prices. However, during the last days of the second quarter, the trend stabilized, given the sliding prices of crude oil and lower restocking activities.

Europe

The high rates of inflation and interest charged by banks led to the surge in the prices of polyphenylene ether in the first quarter of 2023. Further, this quarter was also supported by high demand from the automotive and related industries. The demand for polyphenylene ether remained high in the second quarter, but the adverse effects of the falling economy, declining cost of raw materials, and low rates of exports slowed down the growth of polyphenylene ether prices.

North America

High-cost pressure from the feedstock market, limited consumption of direct consumers, and a stable number of new orders from the end-user industries supported the polyphenylene ether market in the first quarter of 2023. However, in the second quarter, despite the high performance of the automotive industries, the price trend of polyphenylene ether declined.

The main cause of this sudden decline in prices of polyphenylene ether in the North American region was the poor market sentiments shown by the feedstock materials and low prices of gas. Another underlying cause of this slide in the price trend was the struggling condition of the US economy after the collapse of two major US banks. This led to an increase in interest rates and a spike in inflation, hampering the price trend of polyphenylene ether.

Analyst Insight

According to Procurement Resource, the price trend of Polyphenylene Ether is expected to showcase an oscillating trajectory as the weak position of the global economy is estimated to negatively impact polyphenylene ether prices.

Procurement Resource provides latest prices of Polyphenylene Ether. 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.