Unsaturated Polyester Resin Price Trend and Forecast

Regional Price Overview

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

Unsaturated Polyester Resin Price Trend for the First Half of 2023

Unsaturated Polyester Resin market experienced fluctuations during the first two quarters of 2023. The price trend followed the variations in the downstream plastics, moldings, sanitary ware, coatings, and adhesive industries and the feedstock PET (Polyethene terephthalate) prices.

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In the Asian Unsaturated Polyester Resin market, the first quarter was a little stable compared to the second. The industrial revival in China in the post-lockdown era promoted manufacturing activities, and the steady demands supported the Unsaturated Polyester Resin market fundamentals.

However, the excess supplies soon started causing price depreciation since the global outlook was depressing throughout. The American and European Unsaturated Polyester Resin markets were stumbling for the entire period as the construction sector was struggling because of the striking inflation rates. Overall, mixed market sentiments were observed.
 
Analyst Insight

According to Procurement Resource, the price trend for Unsaturated Polyester Resin are likely to remain uncertain in the coming months, given the current market dynamics. Feeble demands are likely to drive the market fundamentals.

Unsaturated Polyester Resins Price Trend for the Second Half of 2022

Asia

The prices of Unsaturated Polyester Resins (UPR) declined in the Asia-Pacific region. The declining trend was due to the gradual falling costs of raw materials. Another major factor contributing to this negative price trend of Unsaturated Polyester Resins was low demand from the end-user industries. The fourth quarter was also similar as the downstream industry demand remained sluggish and falling crude oil prices, supply chain disruptions and covid restrictions further aided the declining prices.

Europe

The European region showcased a mixed outlook in terms of prices of Unsaturated Polyester Resins. The prices surged as a result of the incline in the prices of energy cost production considering the price rise of petrochemical products. The port congestion activities in the third quarter halted trading activities. In the fourth quarter, the sluggish demand from the automotive sector doomed the price trend for Unsaturated Polyester Resins in the European region.

North America

The price trend for Unsaturated Polyester Resin showcased an upward trajectory in Q3 for the North American region. The prices increased due to an incline in domestic demand and a rise in the feedstock prices of the commodity. However, the fourth quarter was not so favourable in terms of the UPR prices. The price drop was majorly attributed due to the drop in demand from the automotive industry and rising uncertainties in the prices of crude oil.

Analyst Insight

According to Procurement Resource, the price trend for Unsaturated Polyester Resins (UPR) are expected to showcase a declining trend considering the uncertainties in the feedstock and energy production prices and fluctuating demand from the end-user industries.

Unsaturated Polyester Resin Price Trend For the First Half of 2022

After nearly shutting down in January and coming to a complete standstill in late feburary, the Chinese Unsaturated Polyester Resin market began to show signs of recovery in March. Although end-user sectors demand were still poor and downstream industries have not fully recovered, there were encouraging indicators.

Along with increasing domestic market stockpiles, Unsaturated Polyester Resin price trend were low during the said period. Covid's return in China and government restrictions further slowed down trade.

Also, the transportation costs rose as container freight rates increased. Additionally, the crisis between Russia and Ukraine resulted in low export cotton demand and slow yarn trade, which drove up the price of polyester resin averaging 1314-1329 USD/MT FOB Shanghai.

Procurement Resource provides latest prices of Unsaturated Polyester Resin. 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.