Isophorone Diisocyanate Price Trend and Forecast

Regional Price Overview

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

Isophorone Diisocyanate Price Trend for First Half of 2023

Asia

The price trend of isophorone diisocyanate in the first quarter of 2023 was stagnant due to the stability of the feedstock market. Additionally, the positive movement of the isophorone diisocyanate market was also supported by the limited stocks and high consumer demand. Several polyurethane production units increased their consumption rates and supported the rise in the prices of isophorone diisocyanate. In the second quarter, however, the trend took up a negative trajectory as downstream demand and the weak position of Asian currency affected the prices of isophorone diisocyanate negatively.

Isophorone Diisocyanate Price Chart

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Europe

In European nations, the consistent supply of isophorone diisocyanate and the low appetite of buyers had a negative impact on its price trend and also caused the level of inventories to shoot up. The decline in prices stabilized to some extent in the second quarter initially. However, in the end, phase, due to low demand, weak trading sentiments, and a significant reduction in production costs, the price trend of isophorone diisocyanate ultimately declined.

North America

Throughout the first quarter of 2023, the prices of isophorone diisocyanate surged with the help of the rising cost of crude oil and gradually increasing demand from the end-user sector. But starting from the end months of the first quarter, the rising rates of inflation and recession-like situation of the US economy proved to be a challenge for the isophorone diisocyanate market. Additionally, the demand rates in the second quarter were also suppressed, and there was a notable rise in the level of inventories that hampered the growth of the isophorone diisocyanate price trend.

Analyst Insight

According to Procurement Resource, the price trend of Isophorone Diisocyanate is expected to oscillate in the upcoming quarter. The trajectory of the isophorone diisocyanate price trend will be guided by the demand for isophorone diisocyanate from the downstream industries and the overall trading sentiments of the global market.

Procurement Resource provides latest prices of Isophorone Diisocyanate. 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.