Isononanol Price Trend and Forecast

Regional Price Overview

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

Isononanol Price Trend for the First Half of 2023

Asia

The price trend of isononanol was dependent on the market activities of olefins as they served as its feedstock material. In the first quarter, the price trend inclined as the Chinese manufacturing sector showcased a strong revival after a long stretch of the Lunar holiday season and COVID restrictions.

This also helped the economic conditions of the region to improve, which resulted in a rise in the demand from the downstream industries. This trajectory was followed in the second quarter, too, as the end-user industries supported the market trend. Further, the increased number of inquiries from the overseas sectors supported the price trend of isononanol.

Europe

The first quarter of 2023 proved to be fruitful for the isononanol prices as with the increase in the output of end-user industries, the demand for isononanol and its related products also increased. In the second quarter, however, the winds changed due to high rates of energy production, which had an adverse effect on the cost of manufacturing. In addition to this, the release of imports from the overseas sector and the simultaneous decline in their number of inquiries resulted in the decline in the prices of isononanol.

North America

In the initial months of the first quarter, the feedstock market of isononanol moved slowly as extreme weather conditions disrupted the supply chains. However, the market gained its required momentum in the subsequent months with the increase in demand from the downstream sectors as the existent level of inventories was not sufficient to satisfy the appetite of consumers. However, the prices dipped in the second quarter. The second quarter suffered from the weak condition of the economy that caused the level of inventories and bank interest rates to shoot up, hampering the growth of the isononanol price trend.

Analyst Insight

According to Procurement Resource, the price trend of Isononanol is expected to decline as the demand from the end-user industries seems to be under the pressure of rising inflation.

Procurement Resource providez latest prices of Isononanol. 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.