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Written by Beckett » Updated on: January 20th, 2025
North America Propylene Prices Movement Q3:
Propylene Prices in United States:
In September 2024, propylene prices in the United States averaged 1,130 USD/MT for Q3, reflecting a market influenced by supply disruptions and rising demand. Maintenance shutdowns and logistical delays tightened supply, leading to price fluctuations. Prices surged in July, driven by increased feedstock costs and restricted availability, but began to ease by September due to reduced orders from the automotive sector. Despite this slight decline, the overall market trend remained upward, sustained by strong demand in other industries and ongoing supply constraints. These dynamics created a volatile yet predominantly bullish market throughout the quarter.
APAC Propylene Prices Movement Q3:
Propylene Prices in Japan:
In September 2024, propylene prices in Japan averaged 825 USD/MT for Q3, reflecting a quarter marked by significant market fluctuations. Early in the quarter, prices rose due to supply shortages and logistical disruptions, which tightened availability across the region. However, by September, the market shifted as South Korea’s plants resumed operations, leading to an oversupply of propylene. This surplus drove prices downward, signaling a weakening market outlook toward the end of the quarter. The interplay between disrupted supply chains and increased regional production contributed to the overall volatility in propylene prices during this period.
Europe Propylene Price Movement Q3:
Propylene Prices in Germany:
In September 2024, propylene prices in Germany averaged 975 USD/MT for Q3, reflecting a quarter of fluctuating market dynamics. Economic uncertainties weakened downstream demand, applying downward pressure on prices early in the quarter. However, a mid-quarter rebound occurred due to rising freight costs, which temporarily influenced market conditions. By September, the resumption of plant operations stabilized supply levels, preventing significant shortages and contributing to market steadiness. Despite these fluctuations, the quarter concluded with balanced demand and supply, as the industry adjusted to persistent economic challenges, maintaining relatively stable pricing.
MEA Propylene Prices Movement Q3:
Propylene Prices in Saudi Arabia:
In September 2024, propylene prices in Saudi Arabia averaged 830 USD/MT for Q3, reflecting a bearish market trend influenced by various factors. A seasonal slowdown and cautious market sentiment in July led to declining demand, initiating a downward price trajectory. While logistical challenges briefly pushed prices higher in August, this uptick was short-lived. By September, falling crude oil prices and decreased demand for polypropylene further pressured prices downward. These combined dynamics created a subdued market environment, with temporary fluctuations earlier in the quarter giving way to a weaker overall performance as the period concluded.
Latin America Propylene Prices Movement Q3:
Propylene Prices in Brazil:
In September 2024, propylene prices in Brazil averaged 1,130 USD/MT for Q3, marking an overall upward trend during the quarter. Key factors driving this increase included rising crude oil prices and logistical challenges, particularly in August, which led to significant price hikes despite initially subdued demand. Supply disruptions further exacerbated pricing pressures as availability tightened. By September, the resumption of plant operations eased supply constraints, stabilizing the market to some extent. Nevertheless, the lingering impact of elevated crude oil costs and earlier disruptions sustained the upward momentum, shaping a quarter characterized by fluctuating but predominantly rising prices.
How IMARC Pricing Database Can Help
The latest IMARC Group study, “Propylene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Propylene price trend, offering key insights into global Propylene market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Propylene demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.
Request to Get the Sample Report: https://www.imarcgroup.com/propylene-pricing-report/requestsample
Key Coverage:
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research.
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