Acetylene Prices, Chart, Index, Monitor, Trend, News, Demand and Historical Prices Analysis

Acetylene Price in India

India: 3838 USD/MT

In the final quarter of 2023, acetylene prices in India dropped to 3838 USD/MT by December. This decline was driven by reduced demand from the polyvinyl chloride (PVC) industry, along with product stockpiling in the domestic market.

The acetylene market, a critical component of various industrial processes including chemicals, plastics, and welding, is driven by a complex interplay of demand from downstream industries, feedstock availability, and broader economic factors. In the quarter ending December 2023, the global acetylene market was influenced by distinct regional trend that highlighted the market's sensitivity to changes in industrial demand and supply chain dynamics.

The global acetylene market size reached US$ 11.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 18.4 Billion, at a projected CAGR of 5.70% during 2023-2032.  In North America, a pronounced decline in demand from the construction sector, exacerbated by inflationary pressures and a broader economic slowdown, led to a reduction in acetylene prices. This was despite the high costs of calcium carbide, a primary feedstock, which stabilized later in the quarter. The availability of ample stocks further fueled cautious purchasing behaviors, contributing to the downward price pressure. Conversely, the anticipation of a demand revival in early 2024 sparked a slight price recovery towards the quarter's end, showcasing the market's responsiveness to seasonal trend and economic forecasts.

In the last quarter of 2023, acetylene prices were notably influenced by several key factors across different regions, painting a complex picture of the market's dynamics. In North America, the significant downturn in demand from the construction industry played a pivotal role. This sector, traditionally a robust consumer of acetylene, encountered a slowdown due to inflationary challenges and seasonal adjustments, leading to decreased acetylene consumption. The softened demand scenario was slightly mitigated by the stabilization of calcium carbide prices, which had been a concern for producers in terms of cost pressures. This stabilization, alongside adequate acetylene inventories and a generalized economic deceleration, fostered an environment of cautious procurement practices among buyers. The nuanced regional price differences, with the Northeast and Midwest experiencing marginally higher prices than the South and West, further illustrated the localized impacts of these factors. The market's outlook remained cautiously optimistic, with expectations hinging on the rebound in demand, stabilization of feedstock costs, and overall economic health.

In APAC, the market saw a dip in demand notably from downstream Polyvinyl Chloride (PVC) industries, coupled with an anticipated increase in the price of calcium carbide, a key feedstock. This scenario was exacerbated by global trade volatilities and fluctuating freight rates, contributing to the pressure on acetylene prices. India, in particular, witnessed a significant price decrease due to diminished inquiries from PVC industries and an accumulation of acetylene stockpiles, leading to an oversupply situation. Europe's market, on the other hand, contended with surging feedstock prices and global supply chain disruptions, alongside steady industrial demand and fluctuating construction-related consumption. Geopolitical tensions, especially the conflict in Ukraine, further complicated the European market landscape by affecting energy costs and economic confidence. These regional disparities underscore the multifaceted influences on acetylene prices, ranging from feedstock availability and demand fluctuations to broader economic and geopolitical developments.

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