Asia
The price of 3-(Methylmercapto) Propionaldehyde in Asia exhibited a mixed trend in 2024. In the first quarter of 2024, the price of 3-(Methylmercapto)Propionaldehyde increased due to rising production costs. In addition, the supply in the first quarter of 2024 decreased due to maintenance shutdowns at major plants in China and South Korea. During the middle of 2024, the price of 3-(Methylmercapto)Propionaldehyde decreased due to the normalization of production. Moreover, the demand for 3-(Methylmercapto) Propionaldehyde in the middle of 2024 decreased from water treatment plants and other industries. Towards the end of the said year, the price stabilized due to consistent demand from agricultural chemicals.
Europe
The prices in Europe were stable in the early part of 2024. At the beginning of the year, the balance of supply and demand helped maintain stable prices. Later in the year, the increase in energy costs and issues related to shipping, such as those in the Red Sea, caused prices to increase. During the summer, the increase in demand from agriculture caused a significant increase in prices. At the end of the year, there was a slight decline in prices due to the slowdown in demand from industries.
North America
In North America, prices rose mostly in 2024. Robust demand from the water treatment and agricultural chemical segments ensured that prices remained at higher levels at the beginning of 2024. Supply chain disruptions and increased raw materials costs contributed to higher prices in the second quarter of 2024. Summer was marked by production issues, mainly because of weather, and sustained demand, which ensured that higher price levels prevailed. Prices began to adjust slightly towards the fourth quarter, although they remained higher than those in 2023.