Tertiary Butyl Alcohol Price Trend and Forecast

Regional Price Overview

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

Tertiary Butyl Alcohol Price Trend for the First Half of 2023

Asia

The tertiary butyl alcohol market fluctuated in the first and second quarters of 2023. The price trend in the first quarter was highly affected by the restocking behaviour of the traders after the long holiday season. The demand from solvent and gasoline sectors also improved in the initial months, which drove the price trend of tertiary butyl alcohol in the upward direction. But soon, the trajectory slowed down with the ample availability of the product in the region and sliding demand. In the second quarter, the price trend suffered from the slow market dynamics of the paints and coatings industries, the housing crisis and plummeting condition of China’s economy.

Europe

The tertiary butyl alcohol prices showcased mixed trends in the first quarter and declined slowly in the second quarter of 2023. The European region was majorly affected by the rising levels of inventories, fluctuating feedstock costs, and low buying sentiments of consumers. The high-interest rates and rising levels of inflation further fueled the already dipping prices and caused the price trend of tertiary butyl alcohol to move towards the southward direction.

North America

In North America, the prices of tertiary butyl alcohol increased initially in the first quarter as the downstream industries increased their number of orders. But in the subsequent months of the first quarter and second quarter, the trend declined. The major affecting factor for this decline was the closing of two significant US banks that shook the financial market of this region. This led to strong monetary policies, a hike in interest and inflation rates and poor performance of the downstream industries.

Analyst Insight

According to Procurement Resource, the price trend of Tertiary Butyl Alcohol is expected to witness a mixed trajectory as the slow demand from downstream industries and hiked inflation rates will likely impact the market negatively.

Procurement Resource provides latest prices of Tertiary Butyl Alcohol. 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.