N Propanol Price In USA
- United States: $722/MT
In Q4 2023, the n propanol market in the United States experienced a downturn, characterized by a bearish price trend, and subdued demand.
The latest report by IMARC Group, titled "N Propanol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of N Propanol prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
N Propanol Prices December 2023:
- United States: $722/MT
- China: $125/MT
- Europe: $335/MT
Report Offering:
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The study delves into the factors affecting N Propanol price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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N Propanol Price Trend- Q4 2023
The n-propanol market dynamics in the fourth quarter of 2023 were influenced by several factors across different regions. In North America, the market experienced a downturn due to depressed demand and reduced procurement from end-user industries. Factors, such as moderate operational rates in the herbicides and insecticides industries, coupled with approaching winter conditions, contributed to this trend. However, improved supply logistics towards the quarter's end due to increased water levels in the Panama Canal mitigated some of the earlier disruptions. In contrast, the Asia-Pacific region saw consistent price reductions driven by pessimistic market sentiments and an increase in inventory levels. The availability of the feedstock ethylene improved due to reduced demands from the glycol industries, contributing to lower production costs. Furthermore, market fluctuations in China towards the quarter's end indicated a mixed sentiment, reflecting regional disparities in demand and production adjustments. In Europe, similar patterns of reduced demand from end-user industries like ink and cleaning agents, coupled with an economic slowdown, influenced the market trends, resulting in bearish price movements. These regional variations highlight the complex interplay of supply chain dynamics, economic factors, and industry-specific demands driving the global n-propanol market.
N Propanol Market Analysis
The global n propanol market size reached 302.2 In Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 438.4 In Thousand Tonnes, at a projected CAGR of 4.20% during 2023-2032. The n-propanol market faced significant price fluctuations in the last quarter of 2023, driven by a combination of economic, environmental, and industry-specific factors. In North America, the initial low demand from domestic downstream industries, such as herbicides and insecticides, was compounded by the seasonal slowdown as winter approached. This period saw a contraction in manufacturing activities, as evidenced by the declining US manufacturing Purchasing Manager's Index, which further depressed demand for related products like cleaning agents and floor polishes. Mid-quarter brought some logistical challenges caused by the El Nina effect, which lowered water levels in the Panama Canal, impacting cargo rates and supply dynamics.
Conversely, in the Asia-Pacific region, the n-propanol market dynamics were influenced by different but somewhat parallel factors. The quarter began with a decline in prices due to increased inventory levels and sluggish demand from herbicide manufacturers, impacted by the off-season in the agriculture sector. As the quarter progressed, the cost support from ethylene feedstock diminished further due to reduced offtakes from the glycol industries, enhancing the availability of this critical input and lowering n-propanol production costs. Additionally, fluctuations in upstream naphtha and crude oil prices played a crucial role in shaping production expenses.
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Key Points Covered in the N Propanol Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- N Propanol Price Chart
- Price of N Propanol
- N Propanol Demand
- N Propanol Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- N Propanol Price Analysis
- N Propanol Industry Drivers, Restraints, and Opportunities
- N Propanol News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand.
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece.
- North America: United States and Canada.
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco.
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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