Dicyclopentadiene Price Trend and Forecast

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 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.

Dicyclopentadiene Price Chart

Please Login or Subscribe to Access the Dicyclopentadiene Price Chart Data
 

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.

Procurement Resource provides latest prices of Dicyclopentadiene. 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.