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Propanal Price Trend and Forecast

Regional Price Overview

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

Propanal Price Trend for the Second Half of 2023

Asia

In Asia, the propanal market experienced fluctuations throughout the third and fourth quarters of 2023. In China, prices gradually increased, driven by rising demand from the polymer and ethanol industries. Additionally, the market also noted a remarkable recovery in industrial functioning as the downstream industries recorded a noticeable incline in their sales figures. Conversely, in India, oversupply issues led to a swift decline in prices over the fourth quarter of 2023. This setback came in the form of limited expansion of the end user products and ease in production costs.

Propanal Price Trends

Europe

In Europe, propanal prices declined for most of the quarter due to weak demand from downstream industries despite high feedstock prices. This lukewarm market approach was fueled by the limited interest of the polymer industries and the persistent rise in inflationary pressure on consumers and producers. Further, the macroeconomic indicators also suggested the high rates of interest and strict policies undertaken by the government to keep the economy afloat, which exerted a negative effect on the propanal market.

North America

In North America, market sentiments leaned towards the lower end due to sluggish demand and disruptions in the supply chain and ocean freight. The production costs were also lowered by the decline in the cost of crude oil and feedstock materials. Further, the stockpiling of the inventories and the meek outlook of the industrial sector prompted the traders to reduce their quoted prices of propanal.

Analyst Insight

According to Procurement Resource, the price trend of Propanal is estimated to showcase dullness based on the meek sentiments depicted by the downstream sectors.

Propanal Price Trend for the First Half of 2023

Asia

The market trend of Propanal is dependent on the prices of ethylene as it is one of the major feedstocks of Propanal. At the beginning of the first quarter, propanal prices began to rise on the domestic Chinese market as dealers resumed trading following the Lunar New Year holiday.

The prices also rose due to the escalating demand for polyethylene glycol. However, as production caught up at the end of the quarter, prices began to decline. In the second quarter, too, the number of inquiries from the polyethylene domestic and international industries fell short, and with the rise in inflationary pressure and weak performance of the feedstock market, the prices of propanal continued their downward journey.

Europe

In European countries, due to constant demand from the polyethylene industry and a sufficient supply, propanal prices were stable in the first quarter of 2023. In addition to this, the growing feedstock production costs increased, and customers were eager to restock their inventories. However, by the end of the first quarter, propanal prices started to gradually fall. This trend continued through the second quarter and was accelerated by decreased energy production costs, weak performance in the downstream sector, and a lack of demand from both local and foreign markets.

North America

During the first half of 2023, North American propanal price trend encountered difficulties as a result of unfavorable market mood in the polyethylene glycol sectors. In the first quarter, the effect of the Christmas season had a negative influence on prices as market activity slowed. However, as the first quarter came to a close, the market gained impetus as higher prices for Propanal were driven by increasing demand from end users and better downstream industry performance.

This trajectory continued till the mid-phase of the second quarter. During this phase, the consistent number of inquiries and stable prices of feedstock materials stabilized the price trend of Propanal. But during the end phase, the problem of oversupply, rise in interest rates, and falling demand pushed the prices of Propanal in a downward trend.

Analyst Insight

According to Procurement Resource, the price trend of Propanal is estimated to fluctuate with the demand from the domestic and overseas downstream sectors.

Procurement Resource provides latest prices of Propanal. 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.

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About

Propanal is a clear, colourless liquid with a pungent fruity odour. It belongs to the family of aldehyde. It is less dense than water, and its vapours are heavier than air. Its flashpoint is about 15°F. It is widely used in the production of plastics as well as synthesis of rubber chemicals. It can also be utilised as a disinfectant.

Product Details

Report Features Details
Product Name Propanal
Industrial Uses Intermediates, Alkyd resins, Chemical Synthesis, Odour agents, Plastics, Disinfectant
Chemical Formula C3H6O
Synonyms 123-38-6, Propionaldehyde, Methylacetaldehyde, Propionic aldehyde, Propaldehyde
Molecular Weight 58.08 g/mol
Supplier Database BASF SE, The Dow Chemical Company, Perstorp Holding AB, Eastman Chemical Company
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


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.

Production Processes

  • Production of Propanal via Catalytic Hydroformylation; and via Oxidation of 1-Propanol

In this process, ethylene is used as the starting material. Ethylene is hydroformylated using carbon monoxide and hydrogen in the presence of a catalyst such as rhodium, which results in the formation of Propanal.

Methodology

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).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

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Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

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Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Subscribe to Unlock Access

  • Price Across Multiple Locations
  • Market Insights
  • Download Data in Excel Format
  • Short Term Price Forecasts
  • Prices of More than 400 Commodities and Utilities

Get in Touch With Us

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UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

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