n-Propanol Prices Trend | Pricing | News | Database | Chart

 North America

Throughout Q3 2024, n-Propanol prices in North America remained stable, reflecting a balanced market with moderate supply and subdued demand. This stability stemmed from several factors, including weak buying interest, lackluster demand from downstream industries, and slow trading activity. Existing stock levels were sufficient to meet domestic needs, prompting businesses to adopt a cautious approach to inventory replenishment. While some improvements were noted in the construction sector and other solvent-related industries, overall demand for n-Propanol remained muted. These dynamics created a consistent pricing environment, with prices holding steady despite the market’s challenges. As a result, companies were deliberate in their purchasing decisions, mirroring the cautious sentiment that characterized the region. While certain sectors showed signs of recovery, the broader outlook for n-Propanol demand reflected a wait-and-see attitude among manufacturers and suppliers. This restrained approach contributed to the overall stability in pricing, as enterprises opted for caution rather than aggressive purchasing amid market uncertainties.

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APAC

In Q3 2024, the APAC region witnessed a notable increase in n-Propanol prices, driven by multiple factors influencing market dynamics. Elevated demand from downstream industries, particularly in solvents and cosmetics, played a pivotal role in pushing up prices. Supply constraints and logistical challenges, such as port congestion, further exacerbated the price surge. China, in particular, experienced significant price changes, with a steady uptrend in n-Propanol prices throughout the quarter. By the end of August, improved trading activity and positive buying sentiments bolstered this upward trajectory. Overall, the region demonstrated a positive sentiment, marked by a 2% year-over-year increase in prices. Prices also surged by 4% compared to the previous quarter in 2024, reflecting growing market demand. A comparison of pricing between the first and second half of the quarter revealed a 3% increase, underscoring the consistent upward trend. The quarter-ending price stood at USD 1140/MT for n-Propanol FOB-Qingdao in China, highlighting the bullish pricing environment in the APAC region.

Europe

In Q3 2024, n-Propanol prices in Europe experienced a notable decline due to several critical factors. The decreasing price trend was primarily driven by rising global logistics costs. Disruptions in the Red Sea region significantly contributed to these increased expenses, as ongoing conflicts led to severe port congestion, equipment shortages, and higher operational costs. These logistical challenges rippled through supply chains, causing delays and interruptions that heightened market volatility. With shipping routes becoming less reliable, the availability of n-Propanol was further constrained, complicating the pricing landscape. Additionally, concerns over supply stability impacted market sentiment, contributing to price fluctuations. Manufacturers faced the challenge of navigating these complexities while managing production schedules, fostering a bearish outlook in the market. This combination of geopolitical factors and logistical hurdles played a significant role in shaping the downward pricing trend in Europe during the quarter.

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