Thiophene Price Trend and Forecast

Regional Price Overview

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

Thiophene Price Trend for First Half of 2023

Asia

Thiophene is a heterocyclic sulfur-containing compound, and thus, the market trend observed in the sulfur market influences the thiophene price trend. In the first two quarters, the prices followed a declining trend.

Thiophene Price Chart

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The stockpiles of thiophene rose to alarming levels in the Asia Pacific countries as the supply chains worked at a high pace. The demand for thiophene and its based products, however, could not keep up with this, and this emerged as the major cause of the downfall of the thiophene price trend. However, the rates of procurement from the fertilizer industry increased during the latter half of the second quarter and helped the thiophene market to gain some stability.

Europe

In the first quarter of 2023, Germany faced severe disruptions in the functioning of its supply chains, which in turn adversely affected its manufacturing sector. In addition to this, the demand from the end-user industries and freight rates also failed to support the price trend of thiophene in both the first and second quarters.

Further, the European oil and petroleum sector also witnessed an uneven trajectory along with fluctuations in the energy and labor costs that led to the downfall of the thiophene price trend.

North America

In North America, the first quarter struggled with the slow momentum of downstream industries and low consumption of consumers. Amid this demand pressure, the US economy declined at a high pace due to the failure of two major banking units.

Additionally, in the second quarter, the rates of crude oil and the performance of the petroleum sector also negatively influenced the market dynamics of thiophene. Due to these weak market sentiments, the investors were also reluctant to invest in this sector, and thus, the price trend of thiophene moved with a negative slope.

Analyst Insight

According to Procurement Resource, the price trend of Thiophene is estimated to decline in the upcoming quarters as the demand from the end-user industries and underperformance of feedstock materials will have a negative effect on thiophene prices.

Procurement Resource provides latest prices of Thiopene. 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.