Polyacetal Resin Price Trend and Forecast

Regional Price Overview

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

Polyacetal Resin Price Trend for the First Half of 2023

Asia

In the Asia-Pacific region, the price trend of polyacetal resin oscillated in the first quarter and then gained stability in the second quarter. The demand from international buyers in the initial phase of the first quarter led to a rise in the prices of polyacetal resin. However, towards the end phase of Q1, the number of offtakes reduced with low interest from domestic as well as international buyers while the supply chains in the region remained potent.

Polyacetal Resin Price Chart

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In addition to this, the economic conditions of the region also deteriorated, which continued to influence the market in the second quarter, too. But the market activities in this quarter were later on supported by the reduced level of inventories. The trend was, however, challenged by the feeble movement of the downstream industries and oversupply in the end months of Q2.

Europe

The European countries faced high uncertainties in the market fundamentals as the demand from end-user industries remained low along with the supply chains. In March, the price trend of polyacetal resin stabilized a little with the help of the automotive and construction industries. But after that, in the second quarter, the price trend declined due to low demand from the downstream industries, especially from the automotive industries. The rates of interest and inflation also added up as another challenge for the already struggling polyacetal resin price trend.

North America

In the first quarter, the price trend of polyacetal resin faced lower interest of buyers from the downstream industries and slow movement of the economy. Due to fluctuations in the economic sectors, certain manufacturers had to shut their production plants, which hampered the growth of the polyacetal resin price trend.

In the second quarter, the financial constraints remained on the production rates, which eventually led to the decline in sales and overall profit margins of the traders. The major key players also faced certain issues in the supply chains, which ultimately resulted in the decline in the price trend of polyacetal resin.

Analyst Insight

According to Procurement Resource, the price trend of Polyacetal Resin is estimated to showcase a falling trajectory as the market activities seem to be hampered by the slow movement of downstream industries and challenging economic conditions.

Polyacetal Resin Price Trend for the Second Half of 2022

Asia

The polyacetal resin market saw a bearish trend in the third quarter of 2002. A downward fall was observed due to the decline in the demand from the paints, adhesives, and electronics sectors. The sluggish supply due to the low availability of raw materials further negatively impacted the prices of the resin in the Asia-Pacific market. The fourth quarter also witnessed an uneven trend in prices. The major causes of the decline remained the same as that of the quarter third. The Indian and Chinese markets, however, saw an uprising trend, primarily due to the restricted supply and limited availability of the product.

Europe

The European region followed in the footsteps of the Asian-Pacific market as the prices saw a decline in both the third and fourth quarters. Disruptions in the supply chains, uncertainties, and high costs of energy and power production led to a decline in prices. The ongoing Russia-Ukraine conflict further caused ripples in the market adding to another cause for the decline in the prices. The cost for base materials was, however, in favour of the price’s sentiments.

North America

The North American market saw a decline in the prices of resins. The trend was majorly affected by the demand from the end-user industries. The demand declined due to the rise in production and operational costs, rise in inventories, and surplus availability of the product in the market.

Analyst Insight

The prices of Polyacetal Resin are likely to decrease during the coming month given a decline in demand from the end-user industries and the rise in inventories and operational and production costs of the material.

Procurement Resource provides latest prices of Polyacetal 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.