Pyridine Price Trend and Forecast

Regional Price Overview

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

Pyridine Price Trend for the Q1 of 2024

Asia

The pyridine market in Asia largely remained muted during the first quarter of the year 2024. Pyridine is produced industrially by the fractional distillation of coal tar. So, the market outlooks for the pyridine and coal industry heavily coincide. In India, the Hindustan Coal emerged as the world’s biggest miner, which translates into an excess or more than the required production of coal.

Pyridine Price Chart

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Heavily stocked inventories coupled with reduced feedstock costs put the pyridine price graph on a downward track. Even though the downstream petrochemical industries were on the rise, the other consuming sectors, including pharma and agrochemicals, pushed the prices down for pyridine.

The global demands were already facing a depreciation when the hurdles caused by the shipping and logistic issues worsened the situation even more for international trade. Overall, with glutted inventories and lackluster demands, the pyridine price graph was observed to be tepid for the majority of the said duration.

Europe

The European pyridine market was observed to be following the steadiness of the Asian market during the first half of the year 2024. The inventories were glutted since the very beginning as the demands have been feeble for a long time now. And whenever some temporary inclines were observed in the market offtakes, the existing inventories were more than capable of catering to that. Not just the European markets but the global market was experiencing a supply surplus for pyridine, which limited all the export and import avenues for pyridine. The easy and cheaper availability of feedstock coal tar was also the reason that the pyridine prices could not uptick during the said time period.

North America

Pressurized by the over-exhausted global inventories, pyridine prices underwent a steep downhill trail in the American market. The incoming orders were bearish and largely unable to maintain the market’s momentum. Geopolitical uncertainties and the rapidly unfolding shipping crisis in the Red Sea curtailed the suppliers’ confidence even more. With heavy stockpiles, dumb demands, and hurdled movement, the said quarter did not go that well for the pyridine suppliers. Overall, muted market sentiments were witnessed.

Analyst Insight

According to Procurement Resource, the pyridine price trend is likely to dwindle even further as the demand trajectory doesn’t seem to incline in the coming months.

Pyridine Price Trend for the October - December of 2023

Asia

The pyridine price trend witnessed a slight bullish run in the last quarter of 2023. The market sentiments seemed to have improved by the rise in international and domestic purchases as the pharmaceutical and solvent industries increased their rates of procurement.

However, on the other hand, the trade flows in China and India from Europe and the US declined by a great margin. The disruption of the Red Sea route due to ongoing Israel-Hamas tensions and drought in the Panama Canal in North America led to the reduced arrival of shipments of pyridine at Asian ports. This, in turn, helped the traders maintain their inventory levels and raise the quoted pyridine prices.

Europe

In European countries, the pyridine price trend opted for the opposite side as compared to the rest of the world. The pyridine price graph could only show limited movement as the exports from the countries fell on account of rising tensions between Israel and Hamas. Further, the excessive deflation of the economy and strict measures taken by the government to curb the rising rates of inflation lowered the spending appetite of the consumers, which eventually led to a substantial uptick in inventory levels, depreciating the pyridine prices.

North America

The revival of downstream solvent and pharmaceutical industries upshifted the demand for pyridine in the US during the last quarter of 2023. The market registered a bullish run throughout the quarter as the number of bulk purchases and intranational trade showcased significant growth. The exports, however, took a downward hit, but the overall equalization of supply and demand worked in favor of pyridine price trend.

Analyst Insight

According to Procurement Resource, the price trend of Pyridine are estimated to face some fluctuations as the downstream demands and market fundamentals are still unstable.

Pyridine Price Trend for the July-September of 2023

Asia

The Asian Pyridine market kept its disappointing performance going in the third quarter of 2023 as well. Since the long-term sluggish demands from the chemical and agrochemical industries caused a ripple effect in the pyridine supply chains and led to an excessive accumulation of pyridine stocks, the pressure kept mounting on suppliers to somehow move these inventories.

Thus, the suppliers were compelled to cut down the pyridine market prices in order to incentivize purchases. However, the downstream customer response continued to be cold, and the pyridine continued recording consistently falling numbers. The pyridine price graph remained on a downward-inclined trajectory throughout the said period. As a result of these feeble demands and overflowing inventories, bearish market trend were noticed for pyridine.

Europe

The European pyridine market almost replicated the sluggish run of the Asian market, as the price trend remained on a falling curve here as well. Since the European economy was still recovering from the serious shock of the Russia-Ukraine war, the industrial revival was still slow, and thus, the downstream demands for pyridine from the chemical and plastics industries were still feverish. Further, the easy availability of cheap Asian exports also affected domestic trade. Overall, dull market trend were witnessed.

North America

The North American pyridine market too replicated the global slumping trend during Q3’23. The difficult economic situation in the US with rising interest rates was already disturbing the industrial operations, and with negligible downstream demands, the pyridine market remained wavering on the lower side of the price curve.

Analyst Insight

According to Procurement Resource, not much improvement is anticipated in the Pyridine market trend going forward since the demand curve is not projected to recover anytime soon, and the current inventories are well capable of catering to whatever demands are posed.

Pyridine Price Trend for First Half of of 2023

Asia

In the Asia-Pacific region, the prices of pyridine dropped by a great margin as the domestic inventories rose to alarming levels while the demand and procurement rates remained weak. The majority of key employers of pyridines, such as solvents, rubber, and pesticides, struggled with low consumption and a limited number of queries in the third quarter of 2023. In the second quarter, the trend inclined with an increase in trading activities and disrupted supply chains. In addition to this, the cost of feedstock materials and coal dropped significantly, supporting the rise in prices of pyridine.

Europe

The first quarter witnessed fluctuations in the pyridine market. The performance of the agrochemical and pharmaceutical industries inclined initially with the help of regular imports and stable demand. However, the fundamentals of the market soon declined due to the rise in inflation and high uncertainties in the economic recovery of the region, further hampered the growth of the pyridine prices. In addition to this, the weak support from the feedstock industries and disruptions in the supply chains added to the existing challenges of the pyridine market.

North America

In both the first and second quarters of 2023, the prices of pyridine declined gradually on account of sluggish demand from the domestic and overseas industries. The strong supply resulted only in the rise in the number of stockpiles as the demand failed to match it. In addition to this, the cost of feedstock materials and the slump in manufacturing activities also played a significant role in keeping the movement of the pyridine prices in the south direction.

Analyst Insight

According to Procurement Resource, the price trend of Pyridine is estimated to struggle to maintain its momentum as the situation of agrochemical and pharmaceutical do not seem to improve.

Procurement Resource provides latest prices of Pyridine. 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.