Polybutylene Adipate Terephthalate Prices Trend, Monitor, News, Analytics and Forecast | ChemAnalyst
Polybutylene Adipate Terephthalate (PBAT) Prices: During the Quarter Ending December 2023
In the fourth quarter of 2023, prices of polybutylene adipate terephthalate (PBAT) in the North American market showed a mixed trend. With a moderate supply and high demand from downstream industries, the quarter began positively. However, destocking storage in Asian markets following the holiday season and lower demand in downstream packaging markets contributed to bearish market sentiment.
The PBAT industry was further impacted by the strengthening of the US dollar and economic uncertainty, which resulted in a decrease in overseas orders for packaging markets. The market’s uncertainty was exacerbated by the ongoing conflict in West Asia and rising energy costs. However, a price decrease was supported by lower freight costs and a decrease in upstream petrochemical production and stock. Opportunities for PBAT manufacturers in the downstream packaging industries were created when the US government provided the National Advanced Packaging Manufacturing Program (NAPMP) with a funding of USD 1668 billion.
For the fourth quarter of 2023, Polybutylene Adipate Terephthalate CFR Los Angeles was valued at USD 1668 per MT in the United States.
Get Real Time Prices of Polybutylene Adipate Terephthalate (PBAT): https://www.chemanalyst.com/Pricing-data/polybutylene-adipate-terephthalate-resin-1219
Prices of APAC Polybutylene Adipate Terephthalate (PBAT) have performed varyingly in the fourth quarter of 2023. Upstream prices for PTA, adipic acid, and butane diol have remained stable, despite slowing growth in petrochemical capacity as a result of uncertainty in the crude oil market. Downstream demand was muted at the beginning of the quarter, and a decrease in overseas orders pushed up prices despite the stability of upstream prices. The overall price drop was also influenced by the fall in freight rates. Energy prices could rise as a result of the West-Asia conflict’s escalation, but China’s recovering economy could support a PBAT price increase. The market in China has been bearish due to a moderate supply, particularly in the packaging sector, which experienced low demand following the holiday season. A decrease in freight costs and an increase in upstream petrochemical production and stock were anticipated to support a price drop. When compared to the same quarter last year, the correlation price percentage in Q4 2023 was -34%. There was no change in percentage between the current quarter and the previous quarter. In China, the price percentage difference between the first and second quarters was -5 percent. USD 1589/MT is the most recent price of PBAT FOB Qingdao in China in Q4 2023.
Europe Several factors will have an impact on the European Polybutylene Adipate Terephthalate (PBAT) market in Q4 2023. After the holiday season, the downstream food packaging industry’s lackluster demand has weighed on the market. Prices have also been affected by the dollar’s weaker position in relation to the euro. Energy costs may rise as a result of the West-Asia conflict’s escalation. However, as China’s economy has recovered, downstream industry demand has increased, which may support a price increase for PBAT. Germany has played a significant role in reducing plastic waste and maintaining the sustainability of the packaging industry. Biodegradable packaging materials like PBAT have been produced by German manufacturers instead of single-use packaging production lines. In Germany, the price percentage changed by -33% from the same quarter last year and by -9% from the current quarter to the previous quarter. In Germany, the price percentage difference between the first and second quarters is -3%. In Germany in Q4 2023, the most recent/quarter-ending price of PBAT FOB Hamburg is USD 1825/MT.
Get Real Time Prices of Polybutylene Adipate Terephthalate (PBAT): https://www.chemanalyst.com/Pricing-data/polybutylene-adipate-terephthalate-resin-1219
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