Epoxy Resin Price Trends and Forecast

Regional Price Overview

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

Epoxy Resin Price Trends for the July-September of 2023

Asia

The epoxy resin prices in Asia wavered during the third quarter of the year 2023. The market started on a low note at the beginning of the quarter in July’23. The inventories were overflowing with excess supplies from the previous quarters as the suppliers ordered in bulk, anticipating good amounts of market offtakes. However, the market queries were disappointing compared to the estimates.

This led to a swift decline in prices in the first half of the quarter. The second half, though, was more favorable from the epoxy resin trade point of view. Consumer demands finally started to pick up, and the epoxy resin price graph inclined steadily in the latter half of the quarter. Overall, the general market sentiments were observed to be positive for the majority of the discussed period.

Europe

Contrary to the Asian epoxy resin market, the European market trends were bearish throughout. The price graph wavered at the lower end for the majority of the discussed period. The demand spectrum remained feeble. The saturated inventory levels, too, supported the sluggish trends. The feedstock material bisphenol-A provided some upstream cost support, but the falling demands rendered it irrelevant. Overall, muted market sentiments were observed.

North America

The North American epoxy resin market was in strict compliance with the Asian epoxy resin markets. Market dynamics were better in the second half of the quarter than in the first half. Overall, mixed market dynamics were observed.

Analyst Insight

According to Procurement Resource, the price trends for Epoxy Resin will continue to waver in the upcoming months. The uncertainties in the market offtakes will guide the epoxy resin price sentiments.

Epoxy Resin Price Trends for the First Half of 2023

Asia

The Asia Pacific markets of epoxy resins witnessed a gradual decline in their price trend in the first quarter of 2023, while a steep one in the second. The significant cause of this decline in the first quarter was the weak momentum of feedstock materials, the drop in demand from the downstream sector, and the surplus supply of the product in the region.

In the second quarter, along with the downstream industries, the upstream industries, such as propylene, offered low-cost support. The rates of exports to the US and Europe also fell amid the slowing down of the global economy, leading to a decline in the price trend of Dysprosium oxide.

Europe

The price trend of epoxy resins followed a bearish stance in the first two quarters of 2023. The market suffered from the drop in prices of upstream products and oversupply of the epoxy resins derivatives while their demand from industries such as petroleum was on the lower side. In addition to this, the challenging market conditions, such as a rise in the level of inflation, high-interest rates charged by banks to support the falling economic conditions, and the pessimistic attitude of buyers caused the level of inventories to rise and the price trend of epoxy resins to decline.

North America

The sluggish market sentiments of the North American epoxy resins market force its price trend to move southwards in the first two quarters of 2023. In both quarters, the cost of feedstocks took a deep downward path, and along with high disruptions in the feedstock material’s costs, the prices of epoxy resins struggled to maintain their pace. The demand for epoxy resins declined as a result of a shortage of labor and a financial crisis caused by the failure of two major banks, which was evidently reflected in the downfall of epoxy resin prices.

Analyst Insight

According to Procurement Resource, the price trend of Epoxy Resin is expected to be hampered by weak rates of procurement from the downstream industries and challenging global economic conditions.

Procurement Resource provides latest prices of Epoxy Resin. 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.