Iso-butyric Acid Prices: During the Quarter Ending December 2023
North America:
In the fourth quarter of 2023, the Iso-butyric Acid market in North America experienced a decline in prices, primarily due to lackluster trading fundamentals and limited demand for fresh stocks. Oversupply, resulting from higher production rates among major manufacturers, contributed to weak pricing in the region.
Frail market conditions and minimal bidding for new cargoes influenced the price trend. Demand from downstream Pharma and solvent markets was restricted due to low interest from buyers. Additionally, a decline in the adhesive industry led to production cuts among local producers, further decelerating Iso-butyric Acid prices.
By December 2023, the price of Iso-butyric Acid in the USA dropped to USD 1190/ton FOB Houston. The subsequent quarter also witnessed price declines due to delayed offtakes, stemming from sluggish buying attitudes and low trading volume amidst ample product supply. This price drop put pressure on chemical companies, impacting revenue and sales of downstream enterprises.
Get Real Time Prices of Iso-butyric Acid: https://www.chemanalyst.com/Pricing-data/iso-butyric-acid-1408
Asia Pacific:
In the Asia Pacific region, Iso-butyric Acid prices maintained their upward trend in the succeeding months. Compared to the previous quarter, prices ended on a bullish note, driven by increased market purchases. At the quarter's onset, prices rose alongside crude oil prices due to geopolitical tensions between Israel and Palestine, affecting manufacturing costs. Improved demand fundamentals in the region further fueled price increases.
Limited product availability led to elevated prices as regional suppliers increased their offers. However, towards the end of Q4 2023, prices declined due to adequate inventory levels and fading demand from bulk purchasers. In China, Iso-butyric Acid was priced at USD 1508/ton FOB Shanghai in November 2023. Despite abundant supplies, demand in China's marketplaces declined, possibly due to buyer skepticism.
Europe:
The European Iso-butyric Acid market witnessed price declines in Q4 2023, influenced by various factors. Bearish market sentiment, high supply, and subdued year-end requirements contributed to the price drop. Oversupply and weak spot price negotiations further impacted the market negatively.
Low demand from downstream solvent, agriculture intermediate, and dye markets influenced the price trend. With weak support from feedstock Isobutyraldehyde, production costs slumped in the European market. Limited trading activities from downstream enterprises and reluctance to increase prices domestically added to market pressures.
Weak regional demand resulted in satisfactory product reserves on the supply side. Limited trade within Europe intensified pressure on manufacturers, impacting margins and profits.
Get Real Time Prices of Iso-butyric Acid: https://www.chemanalyst.com/Pricing-data/iso-butyric-acid-1408
Contact Us:
ChemAnalyst
GmbH - S-01, 2.floor, Subbelrather Straße,
15a Cologne, 50823, Germany
Call: +49-221-6505-8833
Email: sales@chemanalyst.com
Website: https://www.chemanalyst.com