Polyisoprene Price Trend and Forecast

Regional Price Overview

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

Polyisoprene Price Trend for the Second Half of 2023

Asia

The Asian polyisoprene market performed weakly during the said period of the second half of the year 2023. Since the global inflationary pressure was released a little at the beginning of the third quarter, consumer interest was slightly restored. Especially in the Chinese market as the country fought a very long battle with the Covid-19 pandemic. However, the EV market was still seeing fewer take-offs.

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The inventories were flooded with unused stocks, which almost forced the market suppliers to cut down the prices. Despite this, the price trend was relatively stable in the third quarter but moving ahead plunged consistently in the fourth quarter. Overall, a very mixed market trend was witnessed.

Europe

The European polyisoprene market was very strongly influenced by its Asian counterparts during the said period. The market here began on a lower note at the beginning of the third quarter as both the upstream and downstream drivers were acting against the market’s favor.

The crowded inventories kept the upstream drivers struggling while the bearish demands made the downstream factors gasp. The situation didn’t improve in the final quarter as well, instead, the demands dipped even more adding on to the steepness of the plunging price graph. Overall, dull market performance was witnessed in H2’23.

North America

Contrary to the global trend, the polyisoprene market had a relatively positive start in the American market in July of 2023. Since the economic situation in the region just got a little better the consumer market saw some improvement. However, the incline was short-lived as the prices started to dip down the very next month in September. Because of the initial surge the price graph first plateaued and then completely turned southward. Almost the same plummeting trajectory was witnessed in the last quarter as well.

Analyst Insight

According to Procurement Resource, the current market outlook suggests a continuation of the present trend in the coming months. The market is expected to continue to waver. Growth in the EV industry is required to push the Polyisoprene market forward.

Polyisoprene Price Trend for the First Half of 2023

Asia

As the manufacturing industries started reviving in China after the Covid 19 lockdown was lifted, demands from downstream automobiles, rubber, and latex saw a hike, leading to a rise in Polyisoprene prices. Prices inclined throughout the first quarter, but as the quarter shifted, some downward movement was seen in Q2’s first month, as the Polyisoprene inventory levels had risen. But due to the rise in the number of queries from both the domestic and international markets, the demand again dominated over other factors, such as lowered upstream costs and existing stocks, keeping the price trend for Polyisoprene on a positive trajectory.

Europe

Mixed sentiments were observed in the Polyisoprene sector in European markets. During Q1, the prices hovered at lower values as the demand, especially from the automobile sector, took a hit. Also, the port congestions and freight difficulties affected the consumer’s confidence in the market. But soon, the market recovered in the second quarter due to the rise in new inquiries from the market, causing the polyisoprene prices to incline.

North America

The polyisoprene market had a slow start yet was positive and inclined until mid-Q1. But as the interest rates heightened and the stockpiles rose, prices declined in March only to recover at the end of the next quarter. The downstream demands from the automotive, rubber, and latex industries primarily drove these fluctuations in the market trend.

Analyst insight

According to Procurement Resource, the market projection for Polyisoprene looks good, and the price trend will likely rise. The uncertain demands from downstream industries will continue to be the major influencing factor in determining price trend.

Procurement Resource provides latest prices of Polyisoprene. 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.