Tertiary Butyl Alcohol Prices: During the Quarter Ending December 2023

North America:

In the fourth quarter of this year, the Tertiary Butyl Alcohol (TBA) market in North America displayed a mixed trend with fluctuating prices. Throughout the quarter, demand remained moderate as consumers hesitated to make new purchases and focused mainly on long-term orders. October saw a surge in TBA prices in the US due to increased import costs, but by November, inflationary pressures eased, leading to improved business conditions.

This positive trend continued into December as inflation further subsided. Enhanced demand from downstream solvent manufacturing and related industries contributed to favorable business conditions. Major exporting nations adjusted selling prices upward due to heightened production costs. November witnessed heightened consumer spending and improved market activities, positively impacting overall economic conditions.

Despite downstream industries experiencing only moderate demand and concerns about potential recession, inflation, and geopolitical uncertainties, consumer confidence in the US increased in both November and December, signaling optimism for future business conditions. Overall, the Tertiary Butyl Alcohol market in North America remained stable, with consistent product procurement observed.

Get Real Time Prices of Tertiary Butyl Alcohol: https://www.chemanalyst.com/Pricing-data/tertiary-butyl-alcohol-1141

APAC:

In the fourth quarter of 2023, the Tertiary Butyl Alcohol market in the APAC region demonstrated a mixed pricing trend influenced by several factors. Bearish market sentiments prevailed due to weak demand from downstream industries, exacerbated by the overall economic slowdown in the region. China experienced the most significant price changes, with TBA prices decreasing by 1.9% during the quarter.

Limited inventories to meet domestic demand and expected increases in raw material costs affected TBA production costs in China. Additionally, there was a decline in consumer inquiries, leading to a slowdown in market activity. Compared to the same quarter of the previous year, TBA prices in China decreased by 6%, with a 3% decrease from the previous quarter of 2023. Overall, the TBA market in the APAC region faced challenges from weak demand, increasing raw material costs, and limited inventories, with China experiencing a decrease in prices and a slowdown in market activity. The latest price of TBA FOB Qingdao in China for the current quarter is USD 1020/MT.

Europe:

The fourth quarter of 2023 (Q4) for Tertiary Butyl Alcohol in Europe witnessed a bearish market situation due to weak demand from the downstream solvent manufacturing industry. Limited market transactions and minimal trading activities were observed. Low offtakes and inquiries from the downstream solvent industry impacted the supply and demand outlook, resulting in bearish sentiments.

Throughout the quarter, fluctuations in cost support from upstream raw materials and the oscillation of the petrochemicals market in Europe influenced the Tertiary Butyl Alcohol market. Germany witnessed an overall stable price trend for Tertiary Butyl Alcohol over the last two months of the quarter, with no significant changes observed in the underlying market elements.

The price change percentage from the previous quarter was -3%, with a -19% percentage change in the price compared to the same quarter of the previous year. The price percentage comparison of the first and second half of the quarter in Germany was -8%. The latest price of Tertiary Butyl Alcohol Anhydrous FOB Marl in Germany remained unchanged at USD 984/MT during the quarter. No plant shutdowns were reported by market participants. Overall, the Tertiary Butyl Alcohol market in Europe witnessed weak demand and moderate supply, with prices remaining stable in Germany during Q4 2023.

Get Real Time Prices of Tertiary Butyl Alcohol: https://www.chemanalyst.com/Pricing-data/tertiary-butyl-alcohol-1141

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