Polyalphaolefin (PAO) Prices Trend | Pricing | Database | Index | News | Chart
North America
During the initial quarter of 2024, the North American market for Polyalphaolefin (PAO) experienced a stable to bearish trend, influenced by several factors. A notable decrease in fresh orders from potential customers, who primarily managed operations based on existing stock levels, significantly impacted the market. Additionally, supply chain disruptions and adverse weather conditions further dampened demand, contributing to a subdued market atmosphere.
The downturn in demand from the downstream lubricant manufacturing sector exacerbated the bearish market situation. Despite this, the USA, being the primary market for PAO in the region, witnessed moderate demand due to regular buying activities, despite a constrained supply.
The price of PAO in the USA during this quarter was USD 2480 per metric ton for Polyalphaolefin 4cSt on a Free on Board (FOB) basis in Oklahoma. This represented a 17% change compared to the same quarter of the previous year. The market experienced an oversupply situation, with demand primarily fulfilled by existing stock levels.
Get Real Time Prices for Polyalphaolefin (PAO) : https://www.chemanalyst.com/Pricing-data/polyalphaolefin-pao-1228
APAC
The Polyalphaolefin (PAO) market in the Asia Pacific (APAC) region remained stable during the first quarter of 2024. The market was influenced by stable demand from lubricant manufacturers, weak performance in the downstream automotive industry, and a sufficient supply of PAO in the Chinese market. In China, a decline in fresh orders occurred as merchants focused on managing operations based on existing stock levels, resulting in a decrease in the operating rate of domestic PAO enterprises, though the industry equipment load remained sufficient. Restocking is expected to occur in the following months of the year. Fortunately, no plant shutdowns were reported during this quarter.
Overall, the APAC PAO market remained stable, with China playing a crucial role in the pricing dynamics. The market was affected by weak demand from the downstream automotive industry, ample product availability, and merchants managing operations based on existing stock levels.
Europe
In the European region, Polyalphaolefin (PAO) pricing followed a bearish trajectory in the first quarter of 2024, primarily due to weak demand from downstream lubricant manufacturing industries. Despite external factors such as cost pressures and fluctuations in raw material prices, the market experienced subdued demand conditions, which kept prices stable.
The German market observed a decline in demand from the downstream automotive sector, resulting in reduced orders from potential customers. Additionally, fresh concerns emerged over Germany’s export industry due to trade disruptions arising from Houthi attacks on shipping in the Red Sea, introducing further destabilization. These attacks posed new challenges to Germany’s international trade dynamics, raising uncertainties about the resilience of its export sector.
Analysis of Germany’s market performance in Q4 revealed a -15% change compared to the same period last year, a -2% change from the previous quarter, and a -9% change in price percentage comparison between the first and second halves of the quarter. The recent price of Polyalphaolefins 4cSt Free on Board (FOB) Dusseldorf in Germany stands at USD 2486 per metric ton.
Get Real Time Prices for Polyalphaolefin (PAO) : https://www.chemanalyst.com/Pricing-data/polyalphaolefin-pao-1228
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