Fluoroelastomer Prices, Pricing, Demand & Supply

North America

In the North American region, Fluoroelastomer prices saw a decline in the fourth quarter of 2023, aligning with the reduction in Crude Oil prices in the U.S. market. Despite a positive upswing in U.S. vehicle sales, with a noteworthy month-on-month increase surpassing expectations in December, economic challenges endured.

The overall economic landscape indicated a resurgence of declining output, accompanied by heightened declines in new orders, revealing vulnerabilities in both domestic and external demand. The decrease in crude oil prices contributed to reduced production costs for Fluoroelastomer, with industries maintaining ample inventory and operating with moderate supply levels. However, challenges arose in the Panama Canal, where significant vessel draft limitations resulted from unusually low water levels in Gatun Lake, leading to traffic buildup. This situation prompted companies to adapt their input procurement strategies.

Fluoroelastomer prices supply levels remained elevated. The contraction in the European automobile market had a substantial impact on Fluoroelastomer exports, contributing significantly to the quarter's price decline. The quarter concluded with Fluoroelastomer priced at 34840 USD/MT FOB-USGC, reflecting a decline of 1.23%.

APAC

At the close of the fourth quarter in 2023, Fluoroelastomer prices in the Asia-Pacific (APAC) region displayed a bearish trend, primarily driven by an excess of supply despite substantial demand from the automotive sector across Asian countries. Notably, the aerospace industry, particularly in India, reported strong sales. However, this bearish trend persisted amid varied economic conditions and fluctuations in the global market's supply and demand dynamics, with suppliers maintaining sufficient inventories. The decrease in crude oil prices and an imbalance in the demand and supply chain among various suppliers contributed to the overall price decline. Suppliers responded to lower bids for fresh accumulation by reducing their ex-quotation prices. Given the prevailing downtrend where there is likely probability for the price incline, suppliers adopted a cautious "wait-and-watch" approach for fresh inventory accumulation, leading to a decline in prices during this quarter. As of this quarter's conclusion, the Fluoroelastomer price stood at 23250 USD/MT FOB - Tokyo, marking a decline of 4.95%.

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Europe

As the Fourth quarter of 2023 concluded, Fluoroelastomer prices in Europe demonstrated a bullish trend, primarily influenced by low supply, and subdued demand from the automotive sector. While the continuous decline in crude oil prices helped manage production costs, heightened geopolitical tensions across the Red Sea significantly contributed to increased importing costs during the period, exacerbated by major shipping companies rerouting their routes and resulting in port congestion this quarter. Despite maintaining a well-balanced supply and demand, leading to limited material availability, the market experienced minimal price fluctuations throughout the quarter. Germany's long-term interest rates declined to stabilize retailer consumption, impacting not only the automotive sector but also various other industries. However, the anticipated rise in energy and other utilities costs globally during the winter, combined with the overall economic contraction in Europe and lower inventory stockpiles, resulted in a price increase this quarter. The Fluoroelastomer MV 30 FD in Antwerp, Belgium, concluded the quarter at USD 50200/MT, reflecting a rise of 7.09%.

About Us:-

ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.

Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

Ethylene Dichloride Prices, Pricing, Demand & Supply
North America

The fourth quarter of 2023 was challenging for the Ethylene Dichloride (EDC) market in North America, particularly in the USA. The market faced several factors that impacted prices and market dynamics. Firstly, high supply levels of EDC in the market due to ample inventories and low regional demand contributed to the bearish market situation. The PVC industry, a major consumer of EDC, experienced weak consumption and destocking activities, leading to lower purchasing sentiments. Additionally, the ongoing high supply pressure and uncertain export market outlook further affected the cost aspect of EDC in the region.

Furthermore, the USA witnessed a decline in EDC prices in the fourth quarter. The prices fell by 15.8% to reach USD 255/MT, FOB USGC towards the end of the quarter. This decline was driven by the sluggish demand in the PVC sector, along with the high inventory levels and destocking activities. The market players faced challenges in making sales on lower margins amid a highly supplied market.

Overall, the EDC market in North America, specifically in the USA, faced challenges in the fourth quarter of 2023 due to high supply levels, weak demand in the PVC sector, and destocking activities. These factors led to a decline in prices, for further decreases in the coming months. In Dec 2023,the EDC in the USA for the current quarter was USD 255/MT.

APAC

The current quarter (Q4) of 2023 for Ethylene Dichloride (EDC) in the APAC region witnessed several significant factors that impacted the market and prices. Firstly, there was a moderate to high supply of EDC in the market, leading to a balanced market situation. However, the market in South Korea experienced an excess of supplies, resulting in a bearish market situation. This oversupply was influenced by the pause in purchasing sentiments across the regional market, leading to a decline in prices. Additionally, the Indian market saw a decline in prices due to an oversupplied market and modest market transactions.

In terms of specific pricing trends, the EDC prices in South Korea experienced a significant change during the quarter. The price percentage change from the previous quarter was -10%, indicating a decrease in prices. However, when compared to the same quarter of the previous year, there was no change in prices. In Dec 2023, the price of Ethylene Dichloride (EDC) FOB Busan in South Korea for the current quarter is USD 335/MT.

Overall, the APAC region experienced a mixed market situation for EDC in Q4 2023, with supply levels and market sentiments playing a crucial role in determining the price trends.

MEA

The MEA region experienced a balanced market situation for Ethylene Dichloride Prices in Q4 2023, with low to moderate supply and demand. EDC prices in the Saudi Arabian market displayed a downward trend due to low supplied market, as the market transaction remained on the increase in the regional downstream PVC industry while players already had lower levels of inventories.

Additionally, the adequate availability of inventory to meet recent orders within the regional market also diminished the demand-supply gap. The destocking sentiments among market players and high input cost pressure amidst surged crude oil values further weighed on the price momentum.

The SABIC at Al Jubail scheduled maintenance shutdown for 31 days in December 2023 with a total EDC production capacity of 68917 TPM, which may cause a shortage of supplies and drive the prices of the commodity. The prices are declined by 13% in Q4, 2023 when compared with the previous quarter. The December 2023 price of Ethylene Dichloride Ex- Riyadh in Saudi Arabia was USD 289/MT.

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Europe

The fourth quarter of 2023 was challenging for the Ethylene Dichloride (EDC) market in Europe. Limited supply, high input costs, and production cuts were the primary factors affecting the market and prices during this period. The industry faced upward pressure from high crude oil prices, which led to modest inventory availability and impacted the current prices of the commodity. Additionally, downstream demand for EDC in the PVC production segment showed a marginal momentum, influenced by high interest rates and a slow increase in regional demand.

In the Netherlands, the EDC market experienced significant changes in prices. The market situation was bullish, with low supply causing upward pressure on input prices and bottlenecks in inventory availability. The trend, seasonality, and correlation price percentage for the country in the fourth quarter of 2023 were not available. In comparison to the same quarter of the previous year, there was a 6% increase in prices.

Overall, the EDC market in Europe faced supply constraints and increased input costs, leading to price fluctuations. The Netherlands experienced significant changes in prices, with low supply and bottlenecks in inventory availability. In Dec 2023, the price of Ethylene Dichloride (EDC) FD Rotterdam in the Netherlands was USD 346/MT.

About Us:-

ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.

Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

Ethylene Carbonate Prices, Pricing, Demand & Supply

North America

In the fourth quarter of 2023, the North American Ethylene Carbonate market exhibited a varied trend with prices fluctuating throughout the quarter. Over the three-month period, the demand outlook remained moderate as consumers hesitated on new purchases, focusing primarily on long-term orders. In the initial month, demand was unstable, given the ample material availability observed in the domestic market.

As November unfolded, increased consumer spending and heightened market activities positively impacted the overall economic scenario. However, downstream industries experienced only modest demand. Despite concerns about a potential recession, inflation, and geopolitical uncertainties, consumer confidence in the US grew in both November and December, indicating an optimistic view of future business conditions.

Nevertheless, procurement from battery manufacturing firms remained lackluster due to subdued demand. In contrast, the electric vehicle market demonstrated consistent sales growth throughout Q4, with major players reporting increased month-on-month sales. Additionally, the global electric vehicle battery market remained subdued in Q4 amid tepid demand.

APAC

The APAC region witnessed a stable market situation for Ethylene Carbonate Prices in the current quarter of 2023 (Q4). The supply chain of EC operated at optimum levels, and the demand from the EV segment remained moderate to high throughout the quarter. The cost pressure from feedstock Ethylene Oxide also fluctuated, which impacted the pricing trend in the product. In the first month, the increase in feedstock Ethylene oxide prices increased the production costs of Ethylene Carbonate. The Chinese domestic market observed a bullish trend throughout the quarter, with moderate supply and demand levels. The supply chain operations were smooth, and no major supply chain constraints or port congestion were reported in the region. The pricing trend of EC in China during Q4 saw a 1.3% increase, settling at USD 838/MT for Ethylene Carbonate Battery Grade FOB Qingdao. The percentage change in the pricing trend of China from the previous quarter was 12%, while the price percentage comparison of the first and second half of the quarter remained unchanged. In conclusion, the market situation for Ethylene Carbonate in the APAC region remained stable, with moderate supply and demand levels and increasing production costs. The Chinese domestic market observed a bullish trend throughout the quarter.

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Europe

In the final quarter of 2023, the European ethylene carbonate market displayed a bearish pricing trend influenced by various factors. In October, prices experienced a decline attributed to subdued demand from downstream sectors such as electrolyte solvent manufacturing and other end-use industries. Manufacturing production in the Eurozone contracted, marked by a significant drop in new orders, despite a marginal improvement in the manufacturing PMI, signaling an extended downturn. The sluggish consumer demand resulted in eased supply chain operations. Moving into November, prices continued to decline, driven by persistent low demand from downstream industries. The consumer market observed abundant material availability in the region. Despite a slight improvement in the PMI, manufacturing activities remained on a downward trajectory. Supply chain easing and enhanced vendor performance were observed amid subdued consumer demand and limited market transactions. December witnessed a further decrease in prices due to sustained subdued demand. Downstream industries maintained weak consumer inquiries, leading to negative market sentiments. High product inventories and destocking activities were evident among consumers. Prices of upstream raw materials dropped, and factory gate deflation persisted. Year-end holidays and destocking efforts contributed to reduced industrial activity, prompting manufacturing companies to slow down or temporarily suspend operations.

About Us:-

ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.

Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

Ethylene Acrylic Acid Copolymer Prices, Pricing, Demand & Supply

North America

In the North American region, Ethylene Acrylic Acid Copolymer (EAA) experienced a fluctuating trend in the fourth quarter, characterized by an initial decline followed by a subsequent rise in the last two months.

The downturn in October was primarily driven by the alleviation in feedstock costs of Ethylene and Acrylic Acid. Concurrently, subdued demand from the downstream packaging sector contributed to a decrease in EAA prices. However, a notable recovery occurred as procurement activities strengthened in anticipation of the holiday season. Both domestic and international markets witnessed an upturn in demand from the downstream sector, prompting sellers to increase EAA prices.



The escalation in Ethylene prices further intensified cost pressures on the product. Complicating the market dynamics, disruptions in the supply chain within the Panama Canal, attributed to drought conditions, exerted additional influence on product pricing. Despite the challenges earlier in the quarter, the resilience of EAA became evident as market conditions improved, reflecting the intricate interplay of factors such as feedstock costs, demand fluctuations, and supply chain disruptions in shaping the trajectory of the market.

APAC

The fourth quarter of 2023 was characterized by a mixed market for Ethylene Acrylic Acid Copolymer Prices in the APAC region as the prices followed an upward trend, nevertheless depreciated by the end. The supply of EAA remained stable, but moderate, as Chinese manufacturers implemented production cuts to stabilize their margins. Further, the demand for EAA was low, both domestically and internationally, with only niche buyers showing firm interest. The prices of EAA experienced fluctuations due to the availability and international demand for the product. In terms of China, which saw the most significant changes in pricing, the market was influenced by factors such as low domestic demand and limited supplies from Chinese manufacturers while India and Indonesia also followed a similar trend. Traders practiced destocking practices, leading to a decline in prices as the quarter concluded. However, procurement activities and an expected improvement in economic activities were anticipated to support prices in the coming months. There were no reported plant shutdowns for Ethylene Acrylic Acid Copolymer during this quarter. The price of Ethylene Acrylic Acid Copolymer CFR Tangjunk Prior in Indonesia for the fourth quarter of 2023 is USD 4027/MT.

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Europe

During the fourth quarter, the European market for Ethylene Acrylic Acid Copolymer (EAA) faced challenging demand dynamics, characterized by a brief uptick in October followed by a subsequent downturn for the rest of the quarter. The October increase in the European EAA market was linked to a marginal rise in the costs of feedstock Ethylene and Acrylic Acid. Market sources indicate that European EAA producers have been grappling with significant cost pressures over an extended period, compounded by weak demand fundamentals that have adversely affected their profitability. As November and December unfolded, the European market experienced a decline in EAA prices, primarily attributed to subdued demand in the downstream packaging sector. November witnessed diminishing new orders due to weak demand conditions, leading to job cuts and a pessimistic outlook for future output. Additionally, by mid-December, supply disruptions in the Red Sea further impacted the supply situation in the European region, adding another layer of complexity to the challenges faced by the EAA market during this quarter.

About Us:-

ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.

Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

Ethylene Prices, Pricing, Demand & Supply

North- America-

Ethylene prices have experienced a mixed sentiment across the US market during the fourth quarter of 2023. During the initial of Q4 2023, Ethylene prices increased significantly due to limited material availability in the domestic market. The cost support from feedstock Ethane was sufficient as its prices settled on the higher side in the domestic market. In addition, demand for Ethylene from the downstream Ethylene oxide and Polyethylene industry has improved, which led to the bullish market sentiments of Ethylene among manufacturers.

However, during November and December, Ethylene prices have inched lower in the domestic market. The feedstock Ethane prices have decreased amid weak demand from other industries which in turn led to the low production cost of Ethylene. In addition, demand for Ethylene from the downstream Polyethylene and Ethylene oxide industry has remained subdued amid the off-seasonal dullness along with macro-economic headwinds including high inflationary pressure and rising interest rates, leading the bearish market sentiments of Ethylene among the manufacturers. In addition, spot market transactions were also average as the enthusiasm of terminal firms to enter the market was not strong.

In the meantime, demand from international markets including Asia and European markets has subdued in recent weeks as macroeconomic challenges continue to keep consumer spending at bay. US Ethylene producers faced difficulties in raising export prices as buyers found it difficult to stomach. On the supply side, the material availability was plentiful to cater to overall downstream demand which further weighed down the prices of Ethylene. Therefore, prices of Ethylene FOB US Gulf were settled at USD 421/MT during December 2023.

Asia- Pacific-

Ethylene prices displayed varied sentiments in the Asian market throughout the final quarter of 2023. In the early stages of Q4, Ethylene prices saw an uptick in the Japanese market, driven by cost pressures from elevated feedstock Naphtha prices in the domestic market. This resulted in a bullish outlook among Ethylene manufacturers. Additionally, demand from the domestic Polyethylene industry remained moderate during this period.

However, towards the end of Q4, Ethylene prices experienced a decline in the Japanese domestic market. The demand from both the Polyethylene and Ethylene oxide industries remained sluggish due to macro-economic challenges and low seasonality. Spot market transactions were also average. The economic downturn in China, the world's second-largest economy, had a ripple effect on countries dependent on trade with Beijing for growth, including the Japanese Ethylene industry. This impact was not geopolitical but rather a consequence of the economic slowdown. Weak global demand subdued domestic activity, and concerns in China's property sector contributed to the downturn in the Japanese Ethylene industry. According to the Ministry of Finance, Japanese exports dropped 0.2% YoY to JPY 8,819.59 billion, marking the first decline in three months, mainly influenced by weak demand from China.

Furthermore, the decrease in feedstock Naphtha prices led to a reduction in the production cost of Ethylene in the Japanese domestic market. Additionally, Japan's manufacturing activity declined in November, reflecting the fragility of the economy amid weak demand and inflation. High material availability on the supply side added pressure on manufacturers to clear inventories at lower prices. Consequently, Ethylene prices FOB Tokyo was settled at USD 853/MT in December 2023.

Europe-

Ethylene prices have showcased mixed bags in the European market during the fourth quarter of 2023. During October 2023, Ethylene prices significantly increased in the German market due to inadequate material availability in the domestic market. The demand for Ethylene from the downstream Polyethylene and Ethylene oxide industry has remained active which supported the prices to follow an upward trend in the domestic market. Meanwhile, imports from the Asian market have turned costly as freight charges have increased which in turn led to high imported prices of Ethylene in the domestic market.

However, during November and December 2023, Ethylene prices have gained a downward trend in the domestic market. The demand for Ethylene from the downstream Polyethylene and Ethylene oxide industry has remained lukewarm due to macroeconomic headwinds including persistent inflationary pressure and high interest rates coupled with low seasonality which weighed down the prices of Ethylene across the domestic market. Furthermore, BASF mapped out further cost cuts and scaled back investment spending; earnings and sales were at the lower end of its target ranges due to an uncertain global outlook.

In addition, cost pressure from feedstock Naphtha was limited on the Ethylene as its prices settled on the lower end in the given time frame. Also, the German manufacturing purchasing manager index remained in the contraction zone (i.e., below 5 indicating a deterioration in industrial and production activity. Furthermore, amid the destocking season, manufacturers have cleared out their inventories at low prices. As a result, prices of Ethylene FD Hamburg were settled at USD 730/MT during December 2023.

Get Real Time Prices Of Ethylene Prices:- https://www.chemanalyst.com/Pr....icing-data/ethylene-

Middle East-

Throughout the final quarter of 2023, the Saudi Arabian Ethylene market experienced fluctuations in prices. In the early part of Q4, domestic Ethylene prices saw an upward trajectory, primarily influenced by increased Naphtha prices, a key feedstock, and robust crude oil prices, elevating the production cost of Ethylene domestically. The heightened demand from both domestic and international markets, particularly from the Polyethylene and Ethylene oxide industries, prompted manufacturers to raise their pricing.

However, towards the end of Q4, there was an unexpected decline in Ethylene prices within the domestic market. This was attributed to subdued demand in the midst of off-season sluggishness and a tepid global economy. Ethylene demand from both domestic and international markets was lackluster, leading to weak inquiries from the downstream Polyethylene industry. Slow consumption in the end-user sector contributed to bearish market sentiments among Ethylene manufacturers.

Additionally, a decrease in feedstock Naphtha prices, coupled with low crude oil prices, resulted in a reduction in the production cost of Ethylene in the domestic market. Despite turmoil in the Red Sea, upstream Crude oil prices dropped due to weak demand and ample storage, further easing the overall manufacturing cost of Ethylene domestically.

Looking ahead, the prevailing bearish sentiment is expected to persist into the new year due to tepid demand. Buyers are exercising caution, awaiting more clarity amid the ongoing war, and growing economic challenges. Consequently, Ethylene prices FOB Al Jubail was settled at USD 867/MT in December 2023.

About Us:-

ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.

Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market.

The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.

ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.