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 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 trends 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 trends.

Analyst insight

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

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.