Get the latest insights on price movement and trend analysis of Bio-Propanediol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Bio-Propanediol Price Trend for the First Half of 2023
Bio-Propanediol exhibited mixed price patterns throughout the period under discussion. Various factors like weather conditions, inventory stocks, downstream demands, crop yields, etc., determined the overall market behavior for Bio-Propanediol. Stable demands from downstream polyurethane and cosmetic industries were observed, whereas the supplies remained fluctuating in various global markets.
The prices of feedstock corn stabilized in the second quarter as supplies from Russia and Ukraine entered the market. Whereas sugar prices rose continuously owing to disturbed monsoon rain cycles as some regions received excess rainfall while others had to experience drought-like conditions. Hence, these inclined feedstock prices pressured the price trends for Bio-Propanediol.
According to the Procurement Resource, the Bio-Propanediol prices will likely remain uncertain in the coming quarter, given the current volatilities in the market. As the Black Sea treaty is yet to be revised, the prices will depend on the availability of raw materials in the market.
Bio-Propanediol Price Trend for the Second Half of 2022
Bio-Propanediol is a green chemical sourced out of products like corn and sugar. So, the price trends vary according to the price and supply changes of its feedstocks corn and sugar. The Asian Bio–Propanediol markets witnessed an oscillating price pattern in H2 2022. As the supply chain stabilized owing to the arrival of precious Black Sea corn supplies, the overall bio-propanediol prices in the market declined. However, a slight increase in the market was seen towards the end of H2 as the market demand rebounded.
The European markets and American markets too replicated the Asian market trends. The prices stayed swinging with a downward inclination. Surplus supplies and sullen demand sentiments were the major reasons for price depreciation.
According to Procurement Resource, the price trends Bio–Propanediol are likely to register an oscillating trend in the coming months. As the supply dynamics are improving, the market offtakes will determine the price patterns for bio-propanediol.
Bio-Propanediol Price Trend For the First Half of 2022
Being a biobased chemical, Bio-Propanediol is obtained via the fermentation of corn or glucose syrup. With the increasing demand for environment-friendly chemicals and the rising costs of feedstocks, the price trends for Bio-Propanediol exhibited an upward trend globally. In the USA, the price of glucose syrup averaged 948.20 USD/MT, while feedstock corn averaged 215.35 USD/MT during the said period.
The prices of corn surged due to the poor harvest throughout the USA and Latin American region owing to adverse weather conditions. In Brazil, corn prices averaged 298 USD/MT, while in Europe, corn futures rose by 30%. These inflated feedstock prices kept the Bio-Propanediol prices firm in the global arena.
Procurement Resource provides latest prices of Bio-Propanediol. 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.
Bio-Propanediol is the simplest member of the class of propane-1,3-diols, consisting of a linear chain propane in which one hydrogen from each methyl group is substituted by a hydroxy group. Bio-Propanediol is petroleum free and is made from renewable sources of raw materials such as carbohydrates.
|Industrial Uses||Production of sustainable polyurethanes, Anti-freeze/coolant applications, Production of skin care products, Cosmetics industry|
|Molecular Weight||76.09 g/mol|
|Supplier Database||DuPont, Glory Biomaterial, Shenghong Group|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this procedure, bio-propanediol is produced using fermentation by a genetically modified strain of E. Coli under favourable temperature and pressure conditions.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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