Triacetin Price Trend and Forecast

Triacetin Regional Price Overview

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

Triacetin Price Trend for the Q1 of 2024

Asia

In the first quarter of 2024, the triacetin market experienced fluctuations largely driven by trends in its primary feedstock, glycerine. In Asia, particularly China, triacetin prices initially rose due to higher glycerine prices but stabilized as palm oil prices rebounded. However, the weak downstream demand and fluctuating condition of market drivers limited support for further price increases.
 

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Additionally, cautious purchasing behavior and the depreciating Chinese Yuan against the US dollar reflected low consumer confidence. The trading challenges, including disruptions from Houthi attacks and issues with the Panama Canal, further hampered triacetin export rates from Asia, affecting the overall pricing pattern of triacetin.

Europe

In Europe, the triacetin market saw a significant downturn, leading to extreme measures by the trading community. Seasonal demand fluctuations in key importing regions, such as Indonesia, Malaysia, and Thailand, resulted in a surplus of glycerine and subsequent price reductions in the triacetin market.

Increased production levels and a sudden drop in domestic demand created an oversupply situation. Additionally, declining palm oil and soybean prices, along with subdued market transactions ahead of the Spring Festival, further contributed to the price decline. The traders also noted reduced profit margins from export volumes as downstream industries turned to domestic markets amid rising freight charges and shipment delays, impacting the triacetin price trend.

North America

In North America, abundant glycerine supplies limited the price growth of triacetin despite a reduction in the US biodiesel production capacity. Continued robust biodiesel production in Indonesia and its influx into the American markets countered the reduction in domestic biodiesel production.

The popularity of US glycerine in the Asian market declined as these markets struggled to destock existing inventories, significantly reducing export rates. Rising costs of feedstock chemicals and crude oil added further pressure on trading and manufacturing sectors, depreciating the overall momentum of the North American triacetin price trend.

Analyst Insight

According to Procurement Resource, the price of Triacetin is expected to bear the consequences of changes in its feedstock market momentum along with oscillations in consumer confidence.

Procurement Resource provides latest prices of Triacetin. 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.