Polyetheramine Prices Trend and Forecast
North America
The Polyetheramine Prices has witnessed a drop in the quarter ending December 2022, owing to the bearish construction and coating industry demand and lower feedstock glycol costs in the North American region. The feedstock Glycols prices fluctuated due to the uncertainty in the crude oil prices throughout Q4 of 2022. The rising recessionary fears and the onset of the escalating inflationary input cost pressures reduced the domestic offtakes in the downstream sector for the product considerably. The slowed domestic demand, coupled with ample supplies amidst cheaper imports from Asia, has caused a fall in the prices in the fourth quarter of 2022. Thus, the price of Polyetheramine was assessed at USD 3634/ton in December 2022.
APAC
The price trend of Polyetheramine has shown an overall bearish market in the APAC region in the quarter ending December 2022. The fluctuating feedstock Glycol Ether Prices in the Chinese market due to the consequent reduction in the upstream cost pressure and stagnant downstream construction and coating industry demand conclusively led to lower values of the commodity. The COVID lockdown disturbances led to delays in the cargo momentum and diminished the market participation of Polyetheramine in the downstream sector in China this quarter. Meanwhile, the fear of recession in the international market adversely impacted overseas offers and shipping rates in the region and raised the domestic inventory levels. Therefore, the price of Polyetheramine was assessed at USD 3456/MT FOB Shanghai in December 2022.
Europe
Polyetheramine prices settled at lower values in the fourth Quarter of 2022 with a slump in the downstream offtakes, such as in construction and coating industries in the European region. Additionally, the lower feedstock glycols prices supported the price movement of Polyetheramine in the quarter ending December 2022. As a result of the Christmas holidays in the European region, the demand fundamentals remained sluggish, the soaring inflation and a depressed economic outlook across the regional market at the termination of this quarter. The market players remained cautious about the decreasing output and made sales at lower margins amid the fear of piling of stocks towards the end of the year and slowed purchasing customer interest in the product.
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