Asia
In 2024, the Bis(Chloromethyl) Biphenyl market in Asia followed a downward trajectory similar to its feedstock chemicals. The year began with stable prices in Q1, but declined as manufacturing in China picked up after Lunar New Year. By Q2, despite optimistic sentiments and declining inventories, prices couldn't gain momentum due to modest downstream demand. Q3 faced further pressure from increased inventories and weak procurement.
Typhoon disruptions caused only brief fluctuations by affecting logistics and forcing temporary plant shutdowns. The final quarter continued bearish trends as weakened industrial output and cautious buying further suppressed prices. Both Chinese and Indian markets recorded significant decreases, reflecting the broader Asian downtrend driven by feedstock dynamics and lackluster end-user demand.
Europe
The European Bis(Chloromethyl) Biphenyl market experienced mixed trends throughout 2024, with an overall downward bias. Q1 started with oscillating prices due to limited trading and sudden plant shutdowns. The chemical sector showed revival signs, but feedstock price changes and import concerns limited operations. Q2 displayed mixed trends with ample domestic supply and moderate manufacturing demand.
Production exceeded demand by mid-quarter, widening the supply-demand gap. The latter half saw persistent downward pressure from weak downstream demand and fluctuating feedstock costs. Seasonal slowdowns and muted trading ahead of year-end inventory adjustments contributed to the bearish trend.
North America
The North American market witnessed significant volatility in 2024, ultimately settling downward. The year began with price surges due to tight supply chains and increased petrochemical demand. Maintenance shutdowns contributed to Q1 price upticks. By Q2, the market faced substantial pressure from oversupply and tepid demand from sectors like paints and coatings.
The expected seasonal recovery proved insufficient against high inventory levels. Q3 showed some recovery driven by robust demand across key sectors. However, Q4 reverted to a downward trend as industrial activity slowed, despite brief stabilization in November due to cautious optimism. Supply chain challenges provided only temporary price support.