Dicyclopentadiene Price Trend and Forecast

Dicyclopentadiene Regional Price Overview

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

Dicyclopentadiene Price Trend for the Q4 of 2024

Asia

In Q4’24, the Dicyclopentadiene (DCPD) market in Asia experienced a period of relative weakness. Early in the quarter, demand remained subdued, largely due to ongoing economic challenges and slower growth in key consumer sectors. As a result, DCPD prices saw a decline in November.
 

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The market was further pressured by weak downstream consumption, particularly in the automotive and resin industries, which are major consumers of DCPD. However, as the quarter progressed, some stability emerged, aided by slight increases in feedstock costs, especially from upstream products like cyclopentane. Still, the recovery was modest, and prices remained relatively stagnant through December as demand continued to lag.

Europe

Europe mirrored the trends observed in Asia. Sluggish demand from sectors like automotive and construction led to a dampened market. The decline in demand resulted in price drops throughout November, which were not offset by any significant improvements in supply conditions. Although there were some minor upticks in prices due to rising benzene costs, they did not provide enough momentum to lead to a full recovery. By December, with economic uncertainty lingering and end-user demand remaining muted, the market continued to struggle with only slight price movements. Suppliers and buyers were cautious, leading to a more stable but weak market.

North America

In North America, the DCPD market was similarly impacted by weak demand. Despite slight increases in feedstock prices, the automotive and plastics industries, which typically drive demand for DCPD, remained relatively slow. As a result, prices stayed under pressure for most of the quarter. The steady supply of DCPD in the region, alongside cautious purchasing, meant that any potential price spikes were largely avoided. While there was some minor volatility due to changes in feedstock costs, the overall market in North America saw only marginal fluctuations.

Analyst Insight

According to Procurement Resource, the outlook for Dicyclopentadiene prices remains neutral to slightly weak in the near term. The market will continue to face challenges from subdued demand in key industries. Prices will likely remain stable with limited fluctuations, primarily influenced by any changes in the cost of upstream raw materials like cyclopentane and broader economic recovery trends.
 

Dicyclopentadiene Price Trend for the Q3 of 2024

Asia

The dicyclopentadiene (DCPD) market in Asia mirrored the volatility of crude oil prices during Q3 2024. Initially, DCPD prices dropped sharply, driven by tumbling crude oil prices and contracting Chinese demand. The surge in EV sales and expansion of China's high-speed rail network further dampened DCPD demand.

A brief mid-August upturn, caused by Middle East tensions, was quickly overshadowed by weak economic outlooks. Oversupply issues in the crude oil market and rising non-OPEC+ supplies continued to exert downward pressure on DCPD prices through September, despite OPEC+ attempts to stabilize the market.

Europe

European DCPD markets reflected the erratic behaviour of crude oil prices during Q3 2024. The initial decline in DCPD prices was briefly interrupted by the Middle East tensions, but the softening demand and oversupply issues in the crude oil market soon reasserted downward pressure.

The European Central Bank's move to reduce rates and lower inflation forecasts, in response to falling oil prices, had a ripple effect on the DCPD market. While this move was aimed at mitigating economic weakness, it also indicated reduced industrial activity, potentially lowering demand for DCPD in various applications such as unsaturated polyester resins and ethylene propylene diene monomer (EPDM) production.

North America

The North American DCPD market in Q3 2024 faced challenges similar to those in other regions. The falling domestic demand and oversupply issues in the crude oil market led to a decline in DCPD prices. The increase in US commercial crude oil stocks, indicating weakening demand, put additional downward pressure on DCPD prices. The uncertainty surrounding potential US Federal Reserve rate cuts added to the market's volatility, as it could impact overall industrial demand for DCPD-based products.

Analyst Insight

According to Procurement Resource, the DCPD market is expected to continue its downward trajectory in the coming months, closely following the crude oil price trends. The rapid decline in global oil demand, particularly led by China, is likely to keep DCPD prices under pressure.
 

Dicyclopentadiene Price Trend for the First Half of 2024

Asia

Dicyclopentadiene prices fluctuated throughout the first half of the year 2024, with significant variations over both quarters. The first quarter was relatively more positively inclined for the most part, primarily because the crude oil prices were on an uphill trajectory during that time. Dicyclopentadiene is highly valued for its role in producing high-performance resins and specialty chemicals. Therefore, the demands from these sectors also kept the market-driven for dicyclopentadiene. As the second quarter arrived, the gap between the upstream and downstream dynamics of dicyclopentadiene started diminishing.

The inventories started stabilizing along with the downstream demands. Since the market prices for crude oil took over a little sluggish price trajectory in the early months of the second quarter in both India and China, the whole petrochemical sector underwent a tepid run. The depreciation in upstream cost support pushed the market rates of dicyclopentadiene down temporarily in the region. However, as quarter two reached its conclusion, the market began to improve, sighting the corrections in feedstock crude oil markets.

Europe

In the European market, dicyclopentadiene prices behaved similarly as seen in the Asian market during the first half of 2024. Initially, prices experienced a moderate rise in Q1, driven by increased crude oil costs. However, as upstream factors stabilized in Q2, the market softened.

Demand for dicyclopentadiene remained relatively steady, fluctuating between low to moderate levels, which kept price movements constrained. With competing influences pushing prices both upward and downward, the market remained fairly balanced, lacking any significant momentum. Overall, the European dicyclopentadiene market remained subdued throughout the first half of 2024, reflecting limited enthusiasm and stable inventory levels.

North America

In North America, dicyclopentadiene prices in the first half of 2024 displayed a relatively stable yet subdued trend. The market saw a slight rise in the first quarter, driven by steady demand from the chemical and solvent industries and a well-balanced supply chain. However, momentum slowed in the second quarter, with market sentiment turning cautious.

Despite stable operations in key sectors, there was little movement in pricing as both supply and demand dynamics remained consistent, keeping the market largely flat. Overall, the North American dicyclopentadiene market in H1 2024 was characterized by stability but lacked significant upward or downward shifts in pricing.

Analyst Insight

According to Procurement Resource, the Dicyclopentadiene pricing outlook is expected to improve going forward as the petrochemical sectors are improving steadily.
 

Dicyclopentadiene Price Index for the Q1 of 2024

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Dicyclopentadiene Price Trend for the Second Half of 2023

Asia

Dicyclopentadiene prices continued to waver during the second half of the year 2023. Following the prices of its feedstock material, naphtha, the dicyclopentadiene prices too traversed unevenly during the said period. Since the coating and painting industry was still struggling at the beginning of the third quarter, the prices kept at the lower level of the curve in July in the Asian markets. However, as time progressed, the dicyclopentadiene market started picking up by the middle of the third quarter. This change occurred as OPEC+ decided to stabilize the energy market, which impacted the feedstock naphtha prices.

These rising upstream costs put the cyclopentadiene market in a relatively better position, and the subtle growth of the cyclopentadiene price graph continued till the middle of the fourth quarter despite the downstream demands staying humble. However, the prices again shifted southward in the latter half of the last quarter as the upstream costs started to falter and ended the year on a lower note.

Europe

The European price trend for cyclopentadiene was very mixed during the discussed duration. The prices were observed to be behaving differently in both the given quarters. The market performed better in the third quarter compared to the fourth; this was majorly attributed to a higher performance of the downstream construction industry in the former quarter. Due to heavy winter and Christmas holidays, the construction industry saw a dip in demand in the later months of the last quarter. So, the cyclopentadiene prices also plunged in the later months. Overall, mixed market sentiments were witnessed.

North America

The North American price patterns for the second half of 2023 closely coincided with their Asian counterparts as the prices varied during both quarters here as well. The market started slow and picked up mid-way around September’23. However, the Panama Canal restrictions and the Israeli war gave a huge blow to the shipping industry, which impacted global trade and strained the inventories in the US market, pushing the cyclopentadiene prices down in the last quarter, yielding a wavering price trend.

Analyst Insight

According to Procurement Resource, Cyclopentadiene price trends are likely to remain low swinging for some time in the coming months. The demands will pick up slowly; thus, the cyclopentadiene market will also take time to improve.
 

Dicyclopentadiene Price Trend for the First Half of 2023

Asia

In the production of dicyclopentadiene, naphtha serves as a raw material, and thus, the price trend of dicyclopentadiene is guided by the market activities of naphtha. In the first quarter of 2023, the feedstock sector performed well as its demand from the downstream industries was strong, and the rising cost of crude oils also supported the growth in the prices of dicyclopentadiene.

The quarter also witnessed a rise in the cost of imports, which in turn increased the prices of imports from several overseas players. However, the feedstock market declined in the second quarter, with a fall in demand from the downstream industries and the falling cost of crude oils. The depreciation in the process was also caused by the oversupply of products in the region, and thus, the price trend of dicyclopentadiene fell steadily in the Asia-Pacific region.

Europe

The purchasing potential of buyers faced northwards in the first quarter of 2023 supported the rise in the prices of dicyclopentadiene. The demand for feedstock materials also saw a positive incline, and with the easing of the cost of crude oil, especially in the German markets, the price trend of dicyclopentadiene moved with positive momentum. However, the second quarter was not as favorable for the growth of the dicyclopentadiene market as it witnessed a drastic decline in the prices of feedstocks that negatively impacted the growth of the dicyclopentadiene price trend. The major cause of this decline was a negative movement of crude oil prices that lowered the production costs and, in turn, the price trend of dicyclopentadiene.

North America

An inclining trajectory in the prices of naphtha feedstock was witnessed in the first quarter of 2023, which resulted in the rise in the prices of dicyclopentadiene. In addition to this, the quarter was also supported by rising demand and the high number of inquiries from the downstream industries in both domestic and international markets. However, as observed in the European and Asia-Pacific industries, the price trend of feedstocks declined significantly in the second quarter, which had an adverse effect on the prices of dicyclopentadiene. The North American markets moved weakly during this quarter and went through a huge economic turmoil that resulted in the decline of crude oil costs and, eventually, the price trend of dicyclopentadiene.

Analyst Insight

According to Procurement Resource, the price trend of Dicyclopentadiene is estimated to showcase a mixed trajectory as the prices of dicyclopentadiene will only improve if the cost of crude oil and demand from downstream show a positive momentum.

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