Polybutylene Succinate Price Trend and Forecast

Regional Price Overview

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

Polybutylene Succinate Price Trend for the Second Half of 2023

Asia

In the initial phase of the third quarter, the manufacturers and traders of polybutylene succinate enjoyed a stable trend in the market demand and supply, favoring the upward trajectory of polybutylene succinate prices.

Polybutylene Succinate Price Chart

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But soon the constraints in supply chains and reduction of the number of new orders to moderate rates shook the confidence of investors in the sector. Further, the heavy rains and limited support from the feedstock industries intensified the concerns of the traders and manufacturers as the pricing patterns adopted a swiftly moving downward trajectory.

Europe

The market players of polybutylene succinate noticed that the polyester sector presented almost negligible demand for polybutylene succinate, resulting in the sluggish nature of polybutylene succinate price trend throughout the H2 of 2023.

The long forward struggle of the industrial sector with the depreciating economic conditions and rising rates of bank interest also resulted in the dwindling of the polybutylene succinate price trend. In the last quarter, another concern based on the delays in shipments from Asian countries due to the ongoing Israel-Hamas crises bounded the interest of consumers.

North America

The supply-demand equilibria struggled throughout the third and fourth quarters of 2023 as the excessive supplies from the Asian countries and swindling confidence of the consumer sector shadowed any progressive outlook of the polybutylene succinate market. Along with this, the struggles at Panama Canal ports and adverse weather conditions lowered the rates of exports from North American ports, prompting the traders to lower their price quotations, leading to a depreciation in the prices of polybutylene succinate.

Analyst Insight

According to Procurement Resource, the price trend of Polybutylene Succinate is estimated to continue its downward trail as the downstream demand and cost support from feedstock industries do not seem in favor of polybutylene succinate market.

Polybutylene Succinate Price Trend for the First Half of 2023

Asia

The price trend for Polybutylene Succinate closely mimic the price variation seen in its feedstocks, succinic acid, and butanediol. Prices of both feedstock materials showcased mixed trend throughout the first two quarters of 2023. In the first quarter, trade activities around Polybutylene Succinate remained low as the Chinese Lunar New Year holidays kept the industries closed for some time, and trade sentiments were low in general.

The suppliers didn’t order to escape uncertainties around the market. The second quarter faced similar uncertain situations as no clear picture about inventory stocks or requirements could be gauged. Overall, the Polybutylene Succinate market remained afloat during the said period.

Europe

In the European Polybutylene Succinate market, the prices fluctuated throughout the concerned period. As the European market is dependent on Asian, particularly Chinese exports, quarter one saw limited trade activities around Polybutylene Succinate. But as manufacturing restarted in China, European suppliers still placed orders cautiously. However, the inventories rose despite that. Very limited market offtakes were registered, and all these factors kept the Polybutylene Succinate market slow. Overall, low trade sentiments were observed around Polybutylene Succinate prices.

North America

Like the global Polybutylene Succinate market, the American Polybutylene Succinate market too observed fluctuating price trend. But here, Q1 was more active than quarter two. But still, overall trade sentiments were sluggish as all the feedstock costs, fuel and energy prices, and transportation charges were on a declining trail, which pushed the Polybutylene Succinate price trend down. Also, the poor demands from the downstream sectors also could not provide much cost support; hence bearish market trend were observed.

Analyst insight

According to Procurement Resource, Polybutylene Succinate is expected to continue the current slow market trend in the upcoming quarter. It will take some serious upturn in downstream demands to improve the overall Polybutylene Succinate market sentiments.

Procurement Resource provides latest prices of Polybutylene Succinate. 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.