2-Propylheptanol Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of 2-Propylheptanol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa

2-Propylheptanol Price Trend for the First Half of 2023

Asia

The Asia-Pacific market regained momentum after facing several fluctuations last year as the steady consumption from the downstream industries and stable market dynamics supported the rise in the prices of 2-Propylheptanol. The major influencing factor that dictated the trend of 2-Propylheptanol in the first two quarters was the market dynamics of its feedstock, i.e., butylene and linear alpha olefins. The prices of both materials followed a positive trajectory. The feedstocks were supported by strong demand and recovering economic conditions in the Asia Pacific region, and as a result, the prices of 2-Propylheptanol surged.

Europe

The European region witnessed a surge in the prices of 2-Propylheptanol as the market regained momentum after a long holiday season. The consumption from the end-user industries also improved, and the rising feedstock prices supported the incline in the trajectory of 2-Propylheptanol. The Alpha olefin, which is one of its feedstocks, however, had a slow start in the first quarter, but with improving economic conditions and the blooming polymer market, it gained its required pace and led to the surge in prices of 2-Propylheptanol in the latter months of the first quarter and throughout the second quarter of 2023.

North America

The North American region, after a long period of fluctuating trend, showcased a spike in prices in the initial months of the first quarter. The prices were supported by the rising feedstock demand as the market sentiments improved, and with the improving economic conditions, the manufacturers increased their production rate. However, the market fluctuated a little in the mid of the first quarter, with a significant drop in March due to falling prices of butylene and alpha olefins. From there, the market struggled to gain momentum, and eventually, the prices of 2-Propylheptanol fell in Q2.

Analyst Insight

According to Procurement Resource, the price of 2-Propylheptanol is estimated to showcase a declining trend in the upcoming quarter. The uncertain demand and the rising volatilities in the feedstock market will heavily influence the market trend.

2-Propylheptanol Price Trend for the Second Half of 2022

Asia

2-Propylheptanol price trend in Asia had a mixed run during H2 2022. Prices varied due to the fluctuating prices of feedstock butylene and linear alpha olefins. During Q3, due to China’s covid policies supply chains got affected and demand disruptions from downstream lubricants, and surfactant industries gave 2-Propylheptanol prices another blow. So, in this situation market demand remained the determining factor. But the sullen downstream demands kept the market low swinging.

Europe

H2 2022 was an economic nightmare for Europe, the war between Russia and Ukraine became detrimental to the energy security of the region. As energy prices and inflation rose to an all-time high, consumer purchasing power got hampered. The industry demands fell considerably as high inflation made upstream sustainability a daunting task. As the market demands dampened the price trend also wavered towards the lower end. Even though inflation and energy costs pushed up the production prices for 2-Propylheptanol, the market demand could not maintain the prices for 2-Propylheptanol. So, a mixed lower inclination in price trend for 2-Propylheptanol was observed.

North America

The North American market for 2-Propylheptanol too remained very fluctuating in H2 2022. Supply chain disruptions affected the market, but the feedstock inventories were still full. It was dampening demands that affected the market trend for 2-Propylheptanol. Like the Europe market here too remained oscillating.

Analyst insight

According to Procurement Resource, the price trend for 2-Propylheptanol are going to be fluctuating in the upcoming quarter as well. Germany a major European country is facing a recession, global economic situations do not seem to be improving anytime soon. This indicates a sullen demand pattern, which will negatively influence the 2-Propylheptanolprice trend.

2-Propylheptanol Price Trend For the First Half of 2022

Asia

2-Propylheptanol is obtained via the hydroformylation of alkenes or linear alpha olefins (LAO), which are, in turn, obtained from crude oil. Due to the Russian invasion of Ukraine, oil and natural gas prices soared dramatically, causing the alkenes' prices to inflate. However, during the second quarter, the high upstream costs took a toll on the market dynamics, and the prices suffered amid demand destruction. The price 2-Propylheptanol averaged  1856.42 USD/MT in the Indian domestic arena during the first half of 2022

Europe

The European embargo on Russian oil raised the energy bills of Europe drastically. The higher costs of keeping the refineries running at a constant pace, along with supply shortages and the robust downstream demand, caused the prices to increase. However, this runaway inflation soon led to demand destruction, and the petrochemical industry suffered. The cost of alkenes averaged 1619 USD/MT FD Germany in the second quarter.

North America

In line with the global outlook, the price of linear alpha olefins averaged 790 USD/MT and 850 USD/MT for C-10 and C16-18 systems, respectively, in the first quarter. However, the demand destructions and the heightened costs of natural gas caused the prices to dip in the second quarter, thereby weakening the price trend of 2-Propylheptanol.

Procurement Resource provides latest prices of 2-Propylheptanol. 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.