Vinyl Ester Resin Prices Trend, Monitor, News & Forecast | ChemAnalyst
Vinyl Ester Resin (VER) Prices: During the Quarter Ending December 2023
North America:
In the fourth quarter of 2023, the North American Vinyl Ester Resin (VER) market witnessed a bearish price trend, largely influenced by challenges in the construction industry, resulting in diminished buying interest from end-users.
Despite manufacturers producing VER in anticipation of future demand, the market saw a surplus in supply throughout the quarter, dampening pricing dynamics. Specifically in the USA, VER prices experienced a significant downturn. However, consistent supply was maintained with no reported plant shutdowns.
The pricing trend in the USA was shaped by various factors, leading to a bearish market sentiment overall. Low demand and ample supply were the primary drivers of the downward pricing trend for Vinyl Ester Resin in North America during the fourth quarter of 2023.
Get Real Time Prices of Vinyl Ester Resin (VER): https://www.chemanalyst.com/Pricing-data/vinyl-ester-resin-1293
APAC:
In Q4 2023, the APAC Vinyl Ester Resin (VER) market exhibited mixed pricing trends, initially declining but rebounding by the quarter’s end. Moderate demand prevailed in most countries, with China experiencing a bullish trend due to robust demand, leading to price increases.
Insufficient product availability coupled with increased demand prompted sellers to raise prices, further influenced by fluctuations in feedstock Epoxy Resin costs. The market dynamics were driven by increased demand, sufficient inventories amid bearish demand, and anticipated growth in downstream industries, particularly in China, resulting in higher prices. Vinyl Ester Resin-Novalac Based CFR Qingdao in China reached USD 3040/MT by December 2023.
Europe:
The European Vinyl Ester Resin market in Q4 2023 saw a mixed trajectory, with initial and mid-quarter price highs followed by a decline by the quarter’s end. Volatility in feedstock Epoxy Resin prices increased manufacturing costs, contributing to the price surge.
Disruptions in the supply chain, linked to elevated spot prices of refined products on the US West Coast, further impacted prices. Production losses due to supply constraints and refinery shutdowns were exacerbated by navigational challenges at the Panama Canal, where a rare drought situation hindered vessel passage. To address this, the Panama Canal Authority implemented premiums on heavy and large ships, reducing transported goods volume. These complex challenges underscored the intricate dynamics faced by the European Vinyl Ester Resin market during this period.
Get Real Time Prices of Vinyl Ester Resin (VER): https://www.chemanalyst.com/Pricing-data/vinyl-ester-resin-1293
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