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Bisphenol A Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Bisphenol A in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Bisphenol A Price Trend for the October - December of 2023
The Bisphenol A price trend were observed to be ascending swiftly during the final quarter of the year 2023. Since Bisphenol A is heavily utilized by the plastic manufacturing industry, the price trend vary along with these demand patterns.
The variations in feedstock phenol and acetone market trend also influence the Bisphenol A market. During the discussed time period, the Indian Bisphenol A market ascended by around 2%, as the monthly average prices in the market shifted from around 1658 USD/MT (CIF, India) in October 2023 to around 1705 USD/MT in December 2023. Overall, positive market sentiments were observed for Bisphenol A during the said period.
The European Bisphenol A market was observed to be wavering on the weaker side during the concerned span of Q4’23. The market barely got any cost support from its feedstock materials, acetone, and phenol, as both were observed to be depreciating around this time. The sluggishness in manufacturing activities around the New Year holiday season primarily caused this slump in the Bisphenol A market behavior. Overall, a weak market performance was observed by Bisphenol A in the European market.
Contrary to the European market, the North American Bisphenol A market performed fairly well on the price index. With stable and inclining demands, the prices also grew. The raw materials acetone and phenol were able to provide substantial cost support. Overall, positive market trend were witnessed.
According to Procurement Resource, Bisphenol A market projections appear positive for the coming months. Despite some regional variations, the prices are likely to continue rising going forward.
Bisphenol A Price Trend for the July-September of 2023
Bisphenol A is heavily consumed in plastics and its associated industries. So, the demand patterns from these plastic industries, along with the feedstock phenol and acetone prices, guided the bisphenol A price graphs. The period under discussion saw positive growth in the regional prices of bisphenol A.
With rising demand, the prices inclined on the price graph, but the inclination was not very steep. In the Chinese domestic market, the average spot prices went from around 1300 USD/MT in July’23 to about 1365 USD/MT in September ’23, recording an approximate escalation of around 5%. Similarly, in India, the prices went from around 1552 USD/MT in July’23 to about 1620 USD/MT in September’23 (CIF, India). Overall, a positive market outlook was observed during the said period.
Following the Asian market trend, the bisphenol A prices in the European region also exhibited escalating price trend in the third quarter of 2023. Since the European manufacturing industries were trying to pick up pace after a long halt because of the pandemic and the war between Russia and Ukraine, the demands rose for bisphenol A, and the prices too followed.
The North American Bisphenol A market behaved in accordance with the global rising trend, as the surge in downstream demands promoted the Bisphenol A price trend as well. Overall, strong pricing fundamentals and a healthy market outlook were observed.
According to Procurement Resource, Bisphenol A prices are likely to maintain this rising momentum going forward as well.
Bisphenol A Price Trend for the First Half of 2023
The Bisphenol A market in Asia remained fluctuating in the first half of 2023. Prices started declining in the first quarter because of limited offtakes from downstream industries. Suppliers revised quotations multiple times to clear the inventory stocks, but inquiries were still bearish.
As the quarter changed, a little push was given by the rise in feedstock prices, but the slow demand dynamic pulled the price trend back down. In the Chinese market, the prices of bisphenol A averaged around 9212 RMB/MT (East China) towards the end of June '23. The Indian domestic market mimicked the same outlook as its Chinese counterpart, where the Bisphenol A prices averaged approximately 1585 USD/MT (CIF, India) in June '23.
The European market price trend for Bisphenol-A remained subdued due to dampened demands. Inventories were already filled with the supplies from the previous year, which easily catered to the limited demands the market posed. Cheaper offers from the Asian market were also available, which further affected the profit margins of domestic suppliers/manufacturers. Overall, the market trend were muted and lacked any serious positive movement.
The American market behaved no differently in terms of Bisphenol-A price trend. The market had ample supplies owing to cheap Asian imports and lowered upstream cost pressure. But the poor demand patterns with bearish offtakes didn't leave room for much product movement. The demand dynamics could not take off even with the supply chain's normalization. Another reason for such bearish sentiments was the failure of two major US banks, and the rise in interest rates directly impacted end consumers' purchasing capacities and behavior.
According to the Procurement Resource, the Bisphenol-A market is expected to continue wavering in a similar pattern. The improvement in demand dynamics and purchasing enthusiasm can lift the market, providing the other factors held constant.
Bisphenol A Price Trend for the Second Half of 2022
The Asian Pacific market saw a fluctuating trend in the prices of bisphenol A. During the initial months of the third quarter, the prices declined as the feedstock prices declined. The prices increased in the end months of this quarter as some of the production plants underwent construction and the majority of bisphenol-A producing countries reduced their operational costs. In the fourth quarter the rise in inventories, decrease in inquiries from the polymer industries, and dull trend in the international market severely affected the concerned market.
The European region was also not in favour of the prices of bisphenol-A. The market was majorly affected by the fluctuating costs of feedstock and reduced offtakes from the downstream industries. This led to a decline in the production costs. The prices rose a little in the second month of the third quarter considering the fall in water levels in Germany (required for freight transport) and the high inflation being experienced by the region. However, soon the momentum fizzled out as the offtakes became stagnant. The fourth quarter saw a stable supply of imports from other nations which coupled with the muted demand caused the price trend for Bisphenol A to decline.
The North American region showcased a fluctuating pattern in the price trend for Bisphenol-A. The West issued sanctions on the import of Russian crude oil and the rising inflation along with decreased demand from the end-user industries led to the decline in the prices. Thus, the market uncertainties, rise in inflation, recession, and weak interest of the market buyers negatively affected the market and led to the decline in the price trend of bisphenol-A.
The prices of Bisphenol A are estimated to showcase a mixed trend in the upcoming quarter. The market sentiment is expected to turn positive in the long run. As the feedstock prices recover, it will positively impact the Bisphenol A prices.
Bisphenol A Price Tred For the First Half of 2022
Prices for bisphenol A during the first quarter of 2022 in Asia reflect mixed feelings. In January and February, prices declined owing to the weak demand from the domestic market together with the large inventory levels in the downstream industries. The price dropped from January to February by around 4.4%. As a result, by the quarter ending in 2022, Bisphenol A prices in India averaged 3056 USD/MT in March.
The price trend for Bisphenol A for the quarter ending June 2022 was lowered by the subpar buying sentiments from the Indian domestic market. Due to the low demand for the product, downstream plastic producers saw a decline in Bisphenol A demand. Additionally, the local market's raw material costs demonstrated a downward trend. As a result, the price of phenol feedstock and crude downstream caused a decline in the Bisphenol A market.
Prices for bisphenol A showed a slight increase in the first quarter of 2022. Due to rising upstream oil, feedstock, and acetone and phenol costs brought on by Russia's invasion of Ukraine, Bisphenol A prices increased. Furthermore, the market for Bisphenol A was impacted by the trade interruption brought on by rising gasoline prices.
The cost of bisphenol A in Turkey rose to 1642 USD/MT CFR Izmir in March. Bisphenol A price trend showed an upward tendency during the second quarter of 2022. The rising demand from downstream derivative polycarbonate markets, which influenced the pricing of bisphenol A, supported the price increase. Following the crisis between Russia and Ukraine, Bisphenol A demand increased and domestic market spending increased.
Prices for bisphenol A showed a mixed trend and significant price volatility during the first quarter of 2022. Due to the restricted usage of BPA in plastics used in food packaging, as excessive exposure to BPA can be dangerous, the price of bisphenol A increased in January and then decreased in February. BPA prices fell by 3.2% in February, settling at 4060 USD/MT FOC Texas.
During the second quarter of 2022, the price trend for bisphenol A was inconsistent in the US market. The price of the feedstock benzene and phenol increased due to the tight supply of upstream petroleum and the sanctions placed on the import of Russian crude, which also affected the values of bisphenol A. Inflation and concerns about an impending recession drove up the price of bisphenol A in June.
According to Procurement Resource, bisphenol A prices are expected to weaken compared to the previous months. The sufficient availability of feedstock acetone at reduced prices will lead to stockpiling of the product in the market, given the dwindling offtakes.
Procurement Resource provides latest prices of Bisphenol A. 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.
Bisphenol A (BPA) is a chemical molecule that is largely utilised in the production of plastics. It is a colourless solid that is soluble in most organic solvents but extremely insoluble in water. BPA is manufactured on an industrial scale through the condensation of phenol and acetone, and global production is predicted to reach 10 million tonnes by 2022.
The remaining 5% of BPA is used in a variety of applications, many of which are plastic-based. BPA is a prominent component of numerous high-performance plastics, whose manufacturing is minimal in comparison to other polymers but nevertheless amounts to thousands of tonnes per year. Minor levels of BPA are also employed as additives or modifiers in certain commodities.
|Plastic industry, Coating of pipelines, Medical devices, Safety glasses, windows and helmets
|The Dow Chemical Company, Teijin Co., Ltd, LG Chem, SABIC, Kumho P&B Chemicals. Inc.
|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
|US$ (Data can also be provided in local currency)
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In the process using acetone and phenol, the chemicals are reacted in the presence of a cation-change resin catalyst which further produces bisphenol A.
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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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103