High-Octane Liquid Products Price Trend and Forecast

Regional Price Overview

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

High-Octane Liquid Products Price Trend for the Second Half of 2023

Asia

The volatility in the prices of high-octane liquid products in the beginning of the third quarter was based on the import of cheaper goods from the overseas suppliers and only mild demand from the downstream industries.

High-Octane Liquid Products Price Chart

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The petrochemical sector particularly contributed to this mixed trend in prices as the sudden uproar and fall in the prices of crude oil had a major impact on the high-octane liquid products price trend. However, in the later stages of the fourth quarter, the trend gained stability in the Asian countries and the trend witnessed a gradual incline with the rise in production costs.

Europe

A bullish run in the prices of high-octane liquid products was observed by European traders in Q3 of 2023. The steep price trend was due to disruptions in the supply chains and adverse weather conditions, limiting transport activities and raising the price bar of transportation. Further, due to the drought like conditions in the US, the expensive shipments reaching the European ports from there also contributed significantly to keeping the high-octane liquid products price trend on the higher end of the spectra.

North America

In North America, the slight uptick in the high-octane liquid products prices during the third quarter was halted by the abrupt market conditions in the fourth quarter. After swindling through most of the third quarter, the high-octane liquid products' prices gained momentum in the end months with the rise in feedstock prices. However, this trend was not carried forward in the next quarter, as dim consumer confidence and excess inflationary pressure exerted a negative influence on the high-octane liquid products price trend.

Analyst Insight

According to Procurement Resource, the price trend of High-octane liquid products is estimated to oscillate with extreme highs and lows in the upcoming quarters, primarily due to the limited support from global trading activities.

High-Octane Liquid Products Price Trend for the First Half of 2023

Asia

The market trend of high-octane liquid products was negatively affected by the weak performance of the Asian economy, which led to a decline in the demand from the end-user industries while the supply remained strong. The second quarter also followed the same path, and with cuts in production costs, looms of recession over the region, and overall weak sentiments of the market ultimately led to the decline in the price trend of high-octane liquid products.

Europe

In European countries, the slowdown in the economy, strict restrictions on trade with Russia, and delayed supply from Ukraine adversely affected the dynamics of high-octane liquid products. The uncertainties in the region, soaring inflation and interest rates, along with a rise in the dollar value compared to the Euro, affected the market negatively.

North America

The weak economic activities in the US caused by the failure of two major banks hampered the growth of high-octane liquid products prices. The weak demand from the Asian countries, as they preferred cheap imports from Russia, declined the rates of exports in the first quarter. The sentiments did not change in the second quarter either, as the tight labor market, rising recession, and multiple fluctuations in the region ultimately led to the fall in the price trend of high-octane liquid products.

Analyst Insight

According to Procurement Resource, the price trend of High-Octane Liquid Products is estimated to decline in the upcoming quarters as the demand from the end-user industries is negatively affected by the weak global economic conditions.

Procurement Resource provides latest prices of High-Octane Liquid Products. 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.