Paraformaldehyde Price Trend and Forecast

Regional Price Overview

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

Paraformaldehyde Price Trend for the October - December of 2023

Asia

The Chinese paraformaldehyde acquired several oscillations in its price trend in the last quarter of 2023. First, the foremost problem presented in front of the producers was the dip in the cost of raw materials such as methanol. Along with this, the prices of crude oil and other sources of energy production also showcased a bearish trend, which in turn lowered the overall cost of production.

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Further, the narrow fluctuations in the upstream markets also prevented the paraformaldehyde market from attaining a balanced structure. However, as the quarter neared its end, there was a slight sigh of hope given by a rise in trading activities, which helped the paraformaldehyde price trend to close the quarter on a positive note.

Europe

Following the dynamics observed in the Asian countries, the European region also witnessed fluctuations in the paraformaldehyde prices around a mean value. The work progressed on the back of weakened support from the downstream industries and the declining cost of upstream products.

The feedstock methanol also offered only limited support to the market. Additionally, the export route challenges rose at the end of the quarter due to blockage of the Red Sea route on account of the rising Israel-Hamas crisis, which delayed the shipments leaving and arriving at European ports and caused a substantial decline in trading activities.

North America

In the US, the weak momentum of the feedstock sector was well translated into the paraformaldehyde price trend. The manufacturers found it difficult to increase their price quotations in the last quarter of the year as the traders complained about the excessive level of existing inventories and declining prices of crude oil.

The other factors, such as demand from downstream industries and export-import balance, worked along the lines of global trend and thus prevented the uptick in paraformaldehyde price trend.

Analyst Insight

According to Procurement Resource, the price trend of Paraformaldehyde are estimated to be driven by the momentum of methanol and the equilibrium of supply and demand around the globe.

Paraformaldehyde Price Trend for the July-September of 2023

Asia

After a weak run in the previous quarter, the Paraformaldehyde market fundamentals finally started seeing some improvement as the third quarter began. Though marginally, the void between supply and demand dynamics was receding in July. Because of this the first half of the third quarter was observed to be a little stable as the price graph started flattening a little during this time.

However, the gap between supplies and market offtakes started increasing again as the product kept flowing in the inventories, but the demands did not rise after a certain point. This led to the reshifting of the paraformaldehyde price curve downwards. In conclusion, the regional price index for paraformaldehyde recorded mixed price trend in Asian markets, particularly in India and China.

Europe

Influenced by the slow global trend for paraformaldehyde, the European price trend were also found to be struggling in the third quarter of 2023. After the crude oil market started stabilizing in Europe, the upstream production costs plummeted across industries.

Secondly, because of lowered consumption in the previous quarters of high inflation, paraformaldehyde inventories were stacked with unused stocks. This situation widened the gap between supply and demand, and the price trend turned negative in the latter half of the quarter. Overall, a lukewarm market performance was observed by paraformaldehyde in Q3’23.

North America

The North American paraformaldehyde market behaved in accordance with global trend and slowed down consistently in the third quarter of 2023. Excess stockpiles and dull downstream demands were primarily responsible for the downward-facing price trend of paraformaldehyde. Overall, the general market outlook was poor.

Analyst Insight

According to Procurement Resource, Paraformaldehyde market performance is not expected to improve immediately in the coming months; however, the market will strive for normalization.

Paraformaldehyde Price Trend for the First Half of 2023

Asia

In the Asia-Pacific region, weak trading activities and lower trade volumes led to the downward movement of paraformaldehyde prices. The higher rates of production and low demand from the majority of key players of paraformaldehyde also proved to be a challenge for the market. In the second quarter, the high level of inventories, feeble movement of downstream industries, and the overall declined appetite of consumers kept the price trend of paraformaldehyde moving in the negative direction.

Europe

In the European countries, the bearish trajectory of paraformaldehyde prices was followed in the first two quarters of 2023. The manufacturing units increased their production capacities, which, under the circumstances of low demand, only led to a rise in the level of inventories. The downstream industries also performed poorly during these two quarters, which eventually disrupted the supply-demand equilibria, causing the price trend of paraformaldehyde to move southwards.

North America

The initial months of the first quarter supported the rise in the price trend of paraformaldehyde as inventories were depleted amid high demand. The major contributors to the surge in prices were the disinfectant, adhesive, and related sectors, which supported the growth of the market in the domestic as well as the international regions. The second quarter, however, failed to follow in the same steps as with declining demand dynamics and surplus supply of paraformaldehyde in the region, the prices nosedived.

Analyst Insight

According to Procurement Resource, the price trend of Paraformaldehyde is estimated to follow an uncertain trajectory as the supply-demand equilibrium is dependent on the rates of production and market sentiments of the downstream industries.

Procurement Resource provides latest prices of Paraformaldehyde. 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.