Polypropylene Glycol Price Trend and Forecast

Regional Price Overview

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

Polypropylene Glycol Price Trend for the October - December of 2023

Asia

The polypropylene glycol prices wavered at the lower end of the price curve during the fourth quarter of the year 2023. Polypropylene Glycol, produced primarily with the help of propylene oxide, is an important feedstock for manufacturing polyurethane foams, lubricants, and personal care products. So, the market demands from these consuming industries and the feedstock price patterns all influence the Polypropylene Glycol market trend.

Polypropylene Glycol Price Chart

Please Login or Subscribe to Access the Polypropylene Glycol Price Chart Data
 

Since the raw material prices were depreciating throughout the said period, it also pushed the Polypropylene Glycol prices down. Similarly, the overstocked inventories pressurized the suppliers to discount the prices in order to promote stock movement. Further, the lackluster demands also could not provide any substantial support to the price trajectories. Overall, low-swinging market trend were witnessed.

Europe

The European Polypropylene Glycol market trend were no different from the Asian trend during the given period of Q4;23. The commencement of the Israel-Hamas war during the ongoing Russia-Ukraine war had disastrous consequences on the economy of Europe. The trade sentiments were observed to be highly fluctuating; overall, dull market trend were experienced.

North America

The North American polypropylene glycol market also experienced similar depreciation trend to the Asian and European markets. The economic uncertainties in the market, along with the logistic issues, disturbed the international trade patterns, and the prices were observed to be swinging low during the said period.

Analyst Insight

According to Procurement Resource, the Polypropylene Glycol price trend are expected to continue to waver within close limits in the approaching months. Market demands will continue to guide the trade sentiments.

Polypropylene Glycol Price Trend for the July-September of 2023

Asia

In Q3’23, the construction sector picked up pace in China, causing the demand for polypropylene glycol from the downstream polyurethane sector to rise, pushing the price index ahead. Further, as the manufacturing sector improved, various textile and chemical manufacturing firms posed queries for polypropylene glycol. However, the latter half of the third quarter saw some retardation in the polypropylene glycol price graph. The oversupplied inventories started dominating the polypropylene glycol market sentiments. Expansion of fuel additive sectors in India was also a positive indicator for the polypropylene glycol market during the said time period of July to September.

Europe

In Europe, the market stakeholders gradually found ways to deal with the war stresses that were hindering both domestic and offshore trades. The regional economy also gradually started improving. All these factors eased the upstream cost pressure for suppliers and resulted in a steady backtracking of polypropylene glycol prices in Europe. However, the price forecast suggests an increment in polypropylene glycol prices in the coming months since the current market drivers are supportive of the positive movement.

North America

The American banking sector went through mild tribulations during the said time period. The interest rates remained high, which subdued the manufacturing sector, forcing the demand spectrum down for polypropylene glycol. And as the demands depreciated, the price index followed along. Overall, muted market sentiments were observed.

Analyst Insight

According to Procurement Resource, mixed market sentiments are anticipated for Polypropylene Glycol going forward since the demand curve is relatively volatile compared to other factors.

Polypropylene Glycol Price Trend for the First Half of 2023

Asia

The price trend of polypropylene glycol is majorly dependent upon the market dynamics of its feedstock, propylene glycol, whose prices fluctuated in the first and second quarters of 2023. In the first quarter, the cost of raw materials and natural gas remained low, but the demand from the pharmaceutical and cosmetics sector supported the growth of the polypropylene glycol price trend.

In the second quarter, the production activities slowed down, with a fall in the number of new orders and the purchasing appetite of buyers. The demand for polypropylene glycol in the domestic as well as international sectors also remained low, which eventually caused the price trend of polypropylene glycol to face southwards.

Europe

The cost of raw materials and continuously receding demand from the pharmaceutical and related industries were the major causes of the mixed trend shown by the polypropylene glycol prices. The supply chains of the region strengthened, but with subdued demand, it only resulted in high stocks of stockpiles of the product in the region.

In the second quarter, there was a slight improvement in the polypropylene glycol sector in the month of May due to tight supply and improving market dynamics. However, in the other months, polypropylene glycol prices struggled with rising levels of inflation, interest rates, and the influx of cheap imports.

North America

As seen in the European and Asia-Pacific region, the cost of feedstock materials failed to provide the required support to the prices of polypropylene glycol in the North American region. The market for polypropylene glycol thus followed an oscillating trend. The demand from pharmaceutical and related industries inclined, keeping the price trend of polypropylene glycol afloat.

In the second quarter, the market activities and, in turn, the production rates of polypropylene glycol were not able to keep up with the strong demand. However, in the latter half, the spike in inflation and interest rates proved to be a challenge for the polypropylene glycol demand sector, and due to this, the price trend of polypropylene glycol followed a declining trajectory.

Analyst Insight

According to Procurement Resource, the price trend of Polypropylene Glycol is estimated to showcase an oscillating trajectory as the demand and market conditions are expected to fluctuate in the upcoming months.

Procurement Resource provides latest prices of Polypropylene Glycol. 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.