Propanal Price Trend and Forecast

Propanal Regional Price Overview

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

Propanal Price Trend for the Second Half of 2023

Asia

In Asia, the propanal market experienced fluctuations throughout the third and fourth quarters of 2023. In China, prices gradually increased, driven by rising demand from the polymer and ethanol industries. Additionally, the market also noted a remarkable recovery in industrial functioning as the downstream industries recorded a noticeable incline in their sales figures. Conversely, in India, oversupply issues led to a swift decline in prices over the fourth quarter of 2023. This setback came in the form of limited expansion of the end user products and ease in production costs.
 

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Europe

In Europe, propanal prices declined for most of the quarter due to weak demand from downstream industries despite high feedstock prices. This lukewarm market approach was fueled by the limited interest of the polymer industries and the persistent rise in inflationary pressure on consumers and producers. Further, the macroeconomic indicators also suggested the high rates of interest and strict policies undertaken by the government to keep the economy afloat, which exerted a negative effect on the propanal market.

North America

In North America, market sentiments leaned towards the lower end due to sluggish demand and disruptions in the supply chain and ocean freight. The production costs were also lowered by the decline in the cost of crude oil and feedstock materials. Further, the stockpiling of the inventories and the meek outlook of the industrial sector prompted the traders to reduce their quoted prices of propanal.

Analyst Insight

According to Procurement Resource, the price trend of Propanal is estimated to showcase dullness based on the meek sentiments depicted by the downstream sectors.
 

Propanal Price Trend for the First Half of 2023

Asia

The market trend of Propanal is dependent on the prices of ethylene as it is one of the major feedstocks of Propanal. At the beginning of the first quarter, propanal prices began to rise on the domestic Chinese market as dealers resumed trading following the Lunar New Year holiday.

The prices also rose due to the escalating demand for polyethylene glycol. However, as production caught up at the end of the quarter, prices began to decline. In the second quarter, too, the number of inquiries from the polyethylene domestic and international industries fell short, and with the rise in inflationary pressure and weak performance of the feedstock market, the prices of propanal continued their downward journey.

Europe

In European countries, due to constant demand from the polyethylene industry and a sufficient supply, propanal prices were stable in the first quarter of 2023. In addition to this, the growing feedstock production costs increased, and customers were eager to restock their inventories. However, by the end of the first quarter, propanal prices started to gradually fall. This trend continued through the second quarter and was accelerated by decreased energy production costs, weak performance in the downstream sector, and a lack of demand from both local and foreign markets.

North America

During the first half of 2023, North American propanal price trend encountered difficulties as a result of unfavorable market mood in the polyethylene glycol sectors. In the first quarter, the effect of the Christmas season had a negative influence on prices as market activity slowed. However, as the first quarter came to a close, the market gained impetus as higher prices for Propanal were driven by increasing demand from end users and better downstream industry performance.

This trajectory continued till the mid-phase of the second quarter. During this phase, the consistent number of inquiries and stable prices of feedstock materials stabilized the price trend of Propanal. But during the end phase, the problem of oversupply, rise in interest rates, and falling demand pushed the prices of Propanal in a downward trend.

Analyst Insight

According to Procurement Resource, the price trend of Propanal is estimated to fluctuate with the demand from the domestic and overseas downstream sectors.

Procurement Resource provides latest prices of Propanal. 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.