For the First Quarter of 2022
Polypropylene carbonate prices changed in the Asian region in the first quarter of 2022. Because of China's zero covid policy, prices in the Chinese market have dropped. However, due to rising demand for downstream EV batteries in the vehicle sector, price of the chemical surged in the Indian market, particularly in the second half of the quarter. Due to a lack of construction activity in Q1 2022, downstream paint industry demand remained flat. Uncertainties in material supply elevated the manufacturing costs in the Asian region in March, boosting polypropylene carbonate prices even more in the second half of the quarter.
During the first quarter of 2022, polypropylene carbonate prices in Europe were stable. The Automotive sector's demand for downstream EV batteries was stable, with consistent offtakes. However, in Q1, the price of the feedstock propylene glycol fell. The region has previously experienced a major energy value crisis upstream. Furthermore, the situation worsened after Russia invaded Ukraine, causing Crude Oil prices to skyrocket and some European players to be wary of procuring Russian cargoes at the Black Sea. As a result, the feedstock's cost support stayed high, bolstering propylene glycol offerings on the European market.
Throughout the first quarter of 2022, polypropylene carbonate prices in the North American market were stable. The conflict in eastern Europe caused an upward gyration in the upstream energy cycle, which has had an influence on downstream supply chain commodities. As a result, feed propylene glycol costs held steady in Q1. Consistent inquiries from the domestic market demonstrated that demand for the chemoical from downstream EV vehicles in the US market is improving. Uncertainties in the global supply chain increased freight costs during the second half of the first quarter. By the conclusion of the first quarter, producer quotations for polypropylene carbonate in the US domestic market had increased by 6.74 percent.
For the Fourth Quarter of 2021
The Asia Pacific market grew significantly in the fourth quarter of 2021, with growth factors ascribed to increased demand from downstream industries. Because polypropylene carbonate is a useful electrolyte for EV batteries, prices of battery raw materials have risen by a large percentage during the fourth quarter despite a supply glut. The rise in crude oil offers, combined with Chinese authorities' adoption of tough environmental protection standards, brought inflationary pressure to the Asia Electrolytes market, which was followed by a strong demand prognosis. As a result, propylene carbonate offers remained strong during the fourth quarter of 2021.
Polypropylene carbonate sentiments in the European market rose over the fourth quarter of 2021, owing to tighter supply vs outstripping demand. While the prolonged energy crisis in Europe continued to have an influence on operational loads at manufacturing facilities, coupled with a rise in Crude oil offers, the operational cost for the chemical in the European domestic market increased. The demand outlook surged dramatically following COP 26 Glasgow, as questions from the EV sector poured in. Polypropylene carbonate offerings grew steadily in Q4 2021 as a result of the ripple effect.
North America's polypropylene carbonate market sentiments were buoyant throughout the fourth quarter of 2021, drawing cues from the supply-demand mismatch throughout the quarter. The comeback in Crude Oil offers boosted upstream propylene offers, but refinery disruptions and lower run rates provided adequate cost support for the chemical in the US domestic market. The demand picture remained positive throughout the quarter, as battery manufacturers scrambled to secure long-term Electrolyte supplies after COP 26 Glasgow, putting the market in a more competitive position. Offerings increased significantly in the US domestic market as a result of the ripple effect.
Procurement Resource provides latest prices of Polypropylene Carbonate. 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.
Procurement Resource provides prices of Polypropylene Carbonate for several regions around the globe, which are as follows:
About Polypropylene carbonate
The organic compound polypropylene carbonate has the formula C4H6O3. It's a propylene glycol-derived cyclic carbonate ester. As a polar, aprotic solvent, this colorless and odorless liquid is beneficial. Although polypropylene carbonate is chiral, it is commonly utilized as a racemic combination.
The polymerization process is used to make polypropylene carbonate. Propylene oxide and carbon dioxide are polymerized in a pressured environment in this method.
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource also provides the detailed production cost analysis of Polypropylene Carbonate See more