Asia
In Asia, 2-Propylheptanol prices witnessed a downward trend, primarily due to weak demand from downstream plasticizer manufacturers and high inventory levels. The market was further pressured by reduced manufacturing activities in China, the region's largest consumer.
The sluggish demand from the construction and automotive sectors, major end-users of plasticizers, contributed to the bearish sentiment. Additionally, new capacity additions during the quarter created an oversupply situation, forcing producers to reduce their operating rates.
Europe
In Europe, the market showed an upward trajectory, supported by strong restocking activities ahead of the winter season. The increasing propane prices, as evidenced by the rising Northwest European propane cargo prices, directly impacted 2-Propylheptanol production costs. European manufacturers faced pressure from high energy costs, particularly natural gas prices, which led to increased production costs. Despite this, steady demand from the construction and automotive sectors helped maintain stable market conditions.
North America
North American 2-Propylheptanol prices followed an ascending trend. The market was supported by robust domestic demand from the plasticizer industry and limited product availability. The temporary maintenance shutdowns at major export terminals in Texas affected the supply chain, leading to tighter market conditions. The strong performance of the construction sector and increased manufacturing activities contributed to sustained demand throughout the quarter.