Cyclopentanone Price Trend and Forecast

Cyclopentanone Regional Price Overview

Get the latest insights on price movement and trend analysis of Cyclopentanone in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Cyclopentanone Price Trend for the Q4 of 2024

Asia

In Q4’24, the cyclopentanone market in Asia was subdued, beginning the quarter with weaker demand. Throughout early November, prices dropped as consumption from downstream sectors remained low, and buyers exhibited caution in their purchases.
 

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The steady supply of cyclopentanone provided some stability, but without strong demand, market movement was limited. As the quarter progressed, slight price recoveries were noted, mainly driven by small increases in feedstock benzene prices, which offered some cost support. However, the demand continued to be lacklustre, resulting in a modest recovery and overall market stability by December.

Europe

Europe saw a similar trend in the cyclopentanone market, starting with downward price pressures due to weak downstream demand. In November, there was a minor recovery as benzene prices rose, which provided some relief to cyclopentanone prices. However, this rebound was short-lived, as the lack of significant demand kept prices stable, with limited fluctuations throughout the rest of the quarter. By December, prices softened again as the initial support from upstream prices weakened, and buyers continued to show hesitancy in responding to price increases. Overall, the market sentiment in Europe was cautious, with minimal price movement.

North America

In North America, cyclopentanone prices remained relatively stable through Q4, but faced similar challenges. Despite a rise in benzene prices during the quarter, downstream demand from industries like chemicals and plastics remained weak. The stability in supply helped maintain steady prices, but sluggish demand kept any significant price changes at bay. Prices saw minor fluctuations in response to supply-side conditions but largely stayed unchanged over the quarter.

Analyst Insight

According to Procurement Resource, the Cyclopentanone market is expected to remain stable with slight price fluctuations. Demand is likely to stay modest, and any significant price changes will largely depend on variations in raw material costs and any shifts in buyer sentiment across the regions.
 

Cyclopentanone Price Trend For the Q3 of 2024

Asia

In Q3 2024, the Asian cyclopentanone market experienced a downward trend, primarily influenced by the falling prices of adipic acid throughout the quarter. As a key feedstock for cyclopentanone production, the decreased cost of adipic acid put downward pressure on cyclopentanone prices.

This trend was further accentuated by moderate demand from end-use industries such as pharmaceuticals and rubber chemicals. Chinese manufacturers, being major producers, adjusted their pricing strategies to maintain market share, leading to competitive pricing in the region.

Europe

The European cyclopentanone market in Q3 2024 mirrored the Asian trend, showing a gradual decline in prices. The falling adipic acid prices in the global market had a ripple effect on European cyclopentanone production costs. Despite stable demand from the fragrance and pharmaceutical sectors, producers found it challenging to maintain previous price levels. The market also saw increased competition from Asian imports, further contributing to the downward price pressure.

North America

North America's cyclopentanone market in Q3 2024 aligned with global trends, experiencing a slight but consistent price decline. The decrease in adipic acid prices globally affected the production economics of cyclopentanone in the region. While demand from key sectors like solvents and insecticides remained steady, it wasn't sufficient to offset the downward price pressure.

Analyst Insight

According to Procurement Resource, the Cyclopentanone market is expected to remain closely tied to adipic acid price trends. Any stabilization or potential rebound in adipic acid prices could quickly influence cyclopentanone pricing.
 

Cyclopentanone Price Trend for the Q2 of 2024

Asia

The cyclopentanone market in the APAC countries during the second quarter of 2024 sustained a downward trend. This decline in the market momentum was influenced by the weak stance of the downstream automotive and rubber industries. The lack of consumption in these and their associated sectors substantially raised the inventories of the commodity.

The excessive supply of cyclopentanone from both domestic and overseas players further increased the pressure on the market, visible in the struggling dynamics. Meanwhile, the export channels of cyclopentanone, typically from the Asian to European countries were strained under the escalating tensions in the global traditional trading routes and subsequent higher freight charges and extension of lead times. Due to this, the international players were hesitant to order bulk quantities of cyclopentanone and eventually opted for a cautious stance.

Europe

The consistent decline in the market dynamics of key drivers of the cyclopentanone market during the second quarter of 2024 exerted a negative influence on the market and its pricing patterns. The primary contributor to this trend was the slowing down of the market momentum of the construction and automotive industries. These sectors lagged behind due to a lack of support from the economic parameters of the market and the persistent surge in the interest rates charged by the banking sector.

This limited the interest of both industries and direct consumers as they reduced their borrowing rates, reflected in the southward trend of cyclopentanone prices. In addition to this, adverse weather conditions and escalating geopolitical tensions further limited the interest of overseas players as well, raising the concerns of the trading sector and prompting them to assert reducing their pricing quotations.

North America

The North American market of cyclopentanone faced several supply issues. During the second quarter of 2024, the slowdown in overall manufacturing activities in the domestic market and limited supply from overseas producers depleted the existing inventories at a much faster pace than anticipated by the market players. Meanwhile, the procurement rates of the downstream industries remained in the positive sector, particularly from the paints and coatings sector, further straining the supply chains and shifting the pricing dynamics of cyclopentanone in the northward direction.

Analyst Insight

According to Procurement Resource, the price of Cyclopentanone is estimated to decline as the present slowdown in procurement activities and weak cost support from the feedstock industries suggest a challenging quarter ahead.
 

Cyclopentanone Price Trend for the Q1 of 2024

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Asia

In the Asian market, the prices of cyclopentanone closely resembled the price trajectory of its feedstock, adipic acid, throughout the quarter. The prices observed an oscillating trajectory in the said period. Initially, a surge in the prices was seen as the demand from the downstream polymer and plasticizers sector was high. But, as the quarter progressed, a gradual fall in the prices was witnessed.

The higher prices had discouraged the traders from buying the commodity and as the procurement enthusiasm declined, only the on-demand purchases were made. Apart from this, the rising upstream costs mitigated the decline in demand. The prices of crude oil remained elevated due to missile attacks on Russian energy infrastructure amid the ongoing Russian-Ukraine war. With this bidirectional push and pull, the prices of cyclopentanone kept wavering in the quarter.

Europe

In the first quarter, the European market for cyclopentanone witnessed mixed trends. The declining prices of feedstock, adipic acid, pressured the prices of cyclopentanone. The geopolitical tensions arising from the ongoing wars had made the upstream market very uncertain. The market entered the wait-and-watch approach, leading to low downstream procurement. As the downstream consumption of the commodity remained dull, any surge in the prices was hampered, and the prices wavering at the lower end.

North America

The American cyclopentanone market showed a close resemblance to the price trend in Asian markets during Q1'24. They showed a fluctuating trend supported by the rising upstream market. The demand for the commodity remained dull in the United States as only essential purchases were made. But as the market rose higher, the demand started to sink, creating a pessimistic outlook. Apart from this, some logistical challenges were faced due to the ongoing harsh winter season. Icy roads and low temperatures made it difficult for the trucks to move, hampering the domestic supply and resulting in late deliveries.

Analyst Insight

According to Procurement Resource, the prices of cyclopentanone are expected to show a declining trend in the upcoming quarter, influenced by a slowdown in the downstream sectors.
 

Cyclopentanone Price Trend for the Second Half of 2023

The cyclopentanone prices closely mimicked the market behavior of its feedstock material, adipic acid. In the Asian market, the cyclopentanone price curve started at lower levels since the supplies were ample, and the demands were struggling throughout this quarter. As the fourth quarter began, the consumption saw a significant improvement from the surfactant industries. However, the upstream costs followed a reverse trail and started falling during this quarter, rallying behind the slumping costs of adipic acid. This created a buoyant situation in the cyclopentanone market, particularly in the Indian and Chinese markets. Overall, mixed market sentiments were witnessed for cyclopentanone in H2’23.

Analyst Insight

According to Procurement Resource, the Cyclopentanone price trend is not expected to alter much going forward. The supplies are sufficiently capable of catering to current downstream demands, and thus, not much inclination is projected in the cyclopentanone market.
 

Cyclopentanone Price Trend for the First Half of 2023

The price trend for Cyclopentanone are readily influenced by any fluctuations in that of its feedstock adipic acid prices. Cyclopentanone prices were observed to be fluctuating throughout the discussed period of H1’23. Lackluster demands from downstream chemical, flavoring, and fragrance industries were the primary market drivers for Cyclopentanone.

In the Chinese market, though, the prices had a strong start since there was some fresh demand in the market because of the Chinese Lunar New Year holidays, but soon after, the price trend turned south as the demand dipped in the middle of the first quarter and continued to waver at the lower end for the rest of the second quarter as well.

The availability of heavy inventories and dampened demands didn’t give any hope to the Cyclopentanone traders in the European and American markets throughout the said period. Overall, dull market sentiments were observed for Cyclopentanone.

Analyst insight

According to Procurement Resource, Cyclopentanone prices are expected to continue these depreciating trend since the dull demands continue to influence the market.

Procurement Resource provides latest prices of Cyclopentanone. 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.