Trimethylolpropane Price Trend and Forecast

Trimethylolpropane Regional Price Overview

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

Trimethylolpropane Price Trend for the Second Half of 2023

Asia

In Asian countries, the limited improvement of the feedstock industries translated into the pricing patterns of trimethylolpropane during the H2 of 2023. Additionally, the traders also noted the surge in the inventories as ample supplies from both the domestic and overseas players flooded the market, unbalancing the supply-demand dynamics of the trimethylolpropane market.
 

Trimethylolpropane Price Chart

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The slowdown of the market was further escalated by the slow economic turnout of the Asian countries. However, as the fourth quarter progressed, the cost of feedstock chemicals increased, and so did trimethylolpropane. The Chinese market showcased only marginal improvement, but the rest of the region experienced a dynamic change in the pricing trajectory of trimethylolpropane.

Europe

The European trimethylolpropane market swindled during the initial phase of the quarter as the raw materials and production costs fluctuated. However, as the third quarter progressed towards its end, the downstream industries slowly and steadily returned to their earlier pace, and their procurement rates inclined. The fourth quarter also sustained this trend, but only till the middle of it, as the surging interest rates, oscillating economic landscape, and high energy prices limited the growth momentum of the market and eventually led to a stagnancy in the pricing movement of trimethylolpropane.

North America

Defying the global trend, the North American trimethylolpropane market attained a southward journey throughout the third and fourth quarters of 2023. The elevated cost of raw materials and difficulties in acquiring the desired amount of crude oil for production lowered consumer confidence in the sector and eventually pushed the prices towards a southward trend. Another contributing factor was the exponential hike in inventories as the downsliding exporting volumes and stunted domestic growth of the market worked as a roadblock for the trimethylolpropane pricing trail.

Analyst Insight

According to Procurement Resource, the price of Trimethylolpropane is expected to attain an overall bearish trend as the traders anticipate that the production volumes might overpower the future demand of the commodity while the feedstock sector also extends only limited support.
 

Trimethylolpropane Price Trend for the First Half of 2023

Asia

The Chinese Trimethylolpropane market exhibited mixed price trend during the said period as the prices fluctuated throughout. Till the middle of the second quarter, the Trimethylolpropane prices traversed in a zig-zag manner, continuously rising and falling every month. By the middle of Q2, the prices observed a straight fall.

Steady market demands from downstream textile, coating, adhesive, plasticizers, etc. industries and the inventory levels determined the price trend as the supply-demand dynamics ensured the product movement in the market, which caused many fluctuations. Demands drove the rising curves, while high inventory levels pushed the prices down. Overall, a swinging market behavior was observed.

Europe

The European Trimethylolpropane market mostly observed low swinging price trend throughout the discussed period. The high inflation here had affected the downstream industries severely. The construction, coating, etc. sectors were almost shut down and registered very few queries. An evident decline in demand guided the market sentiments, causing the Trimethylolpropane prices to waver on the lower end of the curve.

North America

The North American Trimethylolpropane market behaved no differently than its European counterpart as the prices tottered around the lower side here as well. Decreased downstream demands drove the market sentiments; with the failure of two major US banks, the market exhibited feeble sentiments.

Analyst Insight

According to Procurement Resource, the price trend for Trimethylolpropane will continue to fluctuate, rallying behind the unstable demands from the consuming industries and available stocks in the market.
 

Trimethylolpropane Price Trend for the Second Half of 2022

Asia

The price trend for trimethylolpropane were majorly affected by its feedstock materials, butanal, and formaldehyde. The formaldehyde market declined in the third quarter of 2022 as the demand from the domestic sector declined.

The prices, however, gained some momentum during the end months of the third quarter as the demand from downstream industries rose and invariably inclined the trimethylolpropane prices. The price trend was also stable in the initial months of the fourth quarter and then declined in the later months. The decreased demand and rise in inventories negatively impacted the market, declining the price trend for trimethylolpropane.

Europe

The feedstock prices in the European region for trimethylolpropane saw a weak demand from the end-sector industries and a rise in inventories. Weak economic conditions and low confidence of buyers due to the doom of recession further impacted the price trend of trimethylolpropane negatively. The unstable trading activities and increased production costs also fueled the declining price trend for trimethylolpropane.

North America

The market for feedstocks of trimethylolpropane fluctuated in the North American market. The prices were majorly affected by the upstream market and lower demand from the industries. The prices also suffered adversely from the rising inflation rates, uncertain crude oil prices, and low export levels. All these factors combinedly kept the price trend for trimethylolpropane in the negative zone.

Analyst Insight

According to Procurement Resource, the price trend for trimethylolpropane are expected to decline in the upcoming months as the demand from end-user industries will continue to remain unstable along with weak consumer confidence in the market.

Procurement Resource provides latest prices of Trimethylolpropane. 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.