Triethyl Phosphite Price Trend and Forecast

Triethyl Phosphite Regional Price Overview

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

Triethyl Phosphite Price Trend for the Second Half of 2023

Triethyl phosphite plays a crucial intermediate in the synthesis of pesticides and flame retardants which contributes significantly to its demand. Also, its use in producing stabilizers for PVC and antioxidants for plastics further fuels its market growth. Additionally, the pharmaceutical industry’s reliance on triethyl phosphite as a reagent in organic synthesis and its applications in various industries, including agrochemicals, polymers, and pharmaceuticals, also holds a major share in driving the trajectory of its price trend. Moreover, the significant number of stocks for driving the triethyl phosphite market is attributed to its feedstock phosphorus trichloride.
 

Triethyl Phosphite Price Chart

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During H2 of 2023. the triethyl phosphite market in Asia saw price increases initially due to rising costs of phosphate rock and increased mining activity in China. However, demand from fertilizer and metallurgical sectors decreased later, leading to surplus stocks and lower prices. In Europe, unfair competition from Chinese imports forced domestic manufacturers to reduce profit margins amidst rising material costs and inflation, further driving prices down.

North America also experienced a challenging market with cheap imports from China, disruptions in freight movement due to droughts in the Panama Canal, and inflation. Despite increased demand for phosphate-based fertilizers in the US, triethyl phosphite prices remained low, prompting traders to discount prices to clear inventories.

Analyst Insight

According to Procurement Resource, the price trend of Triethyl Phosphite is expected to struggle in the upcoming quarters as the inventories seem to overrun the future demand for triethyl phosphite.
 

Triethyl Phosphite Price Trend for the First Half of 2023

The price trend of Triethyl Phosphite follow that of its feedstock Phosphorous Trichloride prices. Phosphorous trichloride observed a declining price behaviour throughout the said period. In China, the market revival post-lockdown was expected to support Triethyl Phosphite prices but, to the contrary, filled up inventories amid bearish demands leading to a decline in pricing fundamentals.

Similarly, in Europe, amidst a severe cost of living crisis and struggling economies, the downstream chemical industries barely posed any demands, and the rapidly normalizing upstream costs in the second quarter failed to provide any significant cost support. So the market remained riddled with weak trading sentiments around Triethyl Phosphite, and prices continued on a downward journey for almost all of the said period.

The American market could not behave any differently than the global market, and the prices also remained in a slump. Struggling economies with high inflation and rising interest rates affected the market negatively. Overall, bearish market sentiments were observed.

Analyst insight

According to Procurement Resource, the Triethyl Phosphite market is expected to continue similar oscillating trend. It will require some serious upturn in market demands to see some improvement in market fundamentals.

Procurement Resource provides latest prices of Triethyl Phosphite. 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.