For the Quarter Ending March 2025
North America
In Q1 2025, the North American Di-tert-butyl Phenol market exhibited a soft price trend, influenced by balanced supply and steady demand from downstream sectors such as plastics, adhesives, and coatings. While manufacturing activities remained stable, buyers adopted a cautious procurement approach amid ongoing economic uncertainties, leading to restrained market activity. Feedstock phenol prices showed slight improvement during the quarter, alleviating some cost pressures for producers. However, competitive dynamics and adequate inventories in the region kept price movements limited.
Di-tert-butyl Phenol prices in North America experienced marginal fluctuations, reflecting a broadly stable market environment. Producers maintained consistent output levels to meet downstream requirements, while moderate raw material cost adjustments supported market stability. The steady performance of key applications, particularly in the plastics and adhesives sectors, provided a reliable demand base, although growth remained modest.
The near-term outlook for the North American Di-tert-butyl Phenol market remains cautiously optimistic, with expectations of stable prices supported by balanced supply-demand dynamics and slight improvements in feedstock costs. Seasonal upticks in downstream activity may provide incremental support, although broader economic conditions are likely to influence purchasing behavior and overall market sentiment.
APAC
In Q1 2025, the APAC Di-tert-butyl Phenol market faced a tightening supply environment driven by robust demand from downstream sectors such as plastics, coatings, and adhesives. Manufacturing indices reflected solid growth, fueled by increased production and a rise in both domestic and international orders. However, supply chain challenges, including raw material shortages and workforce constraints, created capacity pressures, prompting firms to enhance purchasing and inventory strategies. Despite intermittent seasonal slowdowns, market sentiment remained optimistic, with sustained demand growth anticipated.
In Taiwan, Di-tert-butyl Phenol prices declined by 1.05% from Q4 2024, averaging $1563.33 USD/MT in Q1 2025. However, monthly trends within the quarter pointed to a bullish trajectory, supported by tight supply conditions and robust export demand. Factors such as workforce retention challenges, input cost increases, and constrained availability contributed to price resilience. The near-term outlook suggests modest price increases as strong downstream demand and inventory rebuilding efforts continue to shape market dynamics.
Europe
In Q1 2025, the European Di-tert-butyl Phenol market exhibited a soft pricing trend, driven by steady downstream demand from key sectors such as plastics, coatings, and adhesives, alongside a decline in feedstock phenol prices. While downstream industries maintained stable consumption levels, buyers exercised caution amid economic uncertainties and evolving market conditions, resulting in restrained procurement and subdued price momentum throughout the quarter.
Di-tert-butyl Phenol prices in Europe experienced minor downward adjustments as lower feedstock costs eased production expenses for manufacturers. Supply levels remained stable, with producers ensuring adequate inventories to meet consistent downstream demand. However, competitive imports and cautious inventory management strategies by buyers contributed to a lack of significant price recovery.
Despite the soft pricing environment, the market demonstrated resilience, supported by the steady performance of downstream sectors. The overall sentiment remained neutral, with limited volatility reflecting a balance between supply and demand. Market participants remain watchful of broader economic indicators and supply chain dynamics that could influence future trends.
For the Quarter Ending December 2024
North America
In the fourth quarter of 2024, Di-ter-butyl Phenol (DTBP) prices in the USA followed a mixed trend, influenced by fluctuations in feedstock phenol prices and varying demand from downstream industries. Throughout the quarter, key sectors such as automotive, coatings, and rubber, which rely on DTBP, showed fluctuating demand. As businesses prepared for the holiday season and New Year, there was a general slowdown in production, leading to reduced consumption of DTBP. However, some industries continued steady operations, maintaining a relatively consistent demand for the chemical for year-end projects and inventory management.
New Year sales did not significantly affect DTBP prices, as companies focused more on optimizing their stock levels and reducing large-scale purchases of raw materials. This cautious approach contributed to a stabilization of prices.
Feedstock phenol prices experienced notable fluctuations during the quarter. In October and December, phenol prices decreased, allowing DTBP producers to lower production costs, which put slight downward pressure on DTBP prices. However, in November, phenol prices saw an increase, leading to higher production costs and a temporary rise in DTBP prices. Despite these fluctuations, the overall trend for DTBP prices in the USA remained mixed, reflecting both the volatility in feedstock prices and varied demand from downstream industries.
APAC
In the fourth quarter of 2024, Di-ter-butyl Phenol (DTBP) prices in India experienced a slight decrease, driven by a combination of reduced demand and steady supply conditions. As the year drew to a close, many downstream industries, particularly those in the automotive, coatings, and rubber sectors, scaled back production in preparation for the holiday season and the New Year. This seasonal slowdown in manufacturing activity led to a decrease in the consumption of DTBP, exerting downward pressure on prices.
New Year sales and promotions typically have limited impact on DTBP demand, as the material is primarily used in industrial and chemical applications rather than directly in consumer-facing products. During this period, businesses in downstream industries focused more on optimizing inventory levels than on increasing their orders of raw materials like DTBP. This cautious purchasing behavior contributed to the moderation in prices.
On the supply side, there was adequate availability of DTBP from both domestic production and imports. The stable supply ensured that there were no significant disruptions, allowing the market to remain balanced despite the seasonal dip in demand. As a result, Di-ter-butyl Phenol prices in India saw a slight decrease during the fourth quarter of 2024, reflecting a combination of lower demand from key industries and steady supply levels.
Europe
In the fourth quarter of 2024, Di-ter-butyl Phenol (DTBP) prices in Europe experienced a slight decrease, driven by reduced demand from downstream industries and favorable supply conditions. As the year ended, industries such as automotive, coatings, and rubber scaled back production in preparation for the holiday season and the New Year. This seasonal slowdown led to a decrease in consumption of DTBP, exerting downward pressure on prices.
New Year sales did not have a substantial impact on DTBP prices, as the demand for this chemical is largely tied to industrial applications rather than consumer-facing products. During the quarter, businesses focused more on inventory management and adjusting stock levels rather than increasing orders, contributing to the moderation in demand.
A key factor in the slight price decrease was the reduction in feedstock phenol prices throughout the quarter. As phenol, a major raw material for DTBP production, became less expensive, manufacturers were able to produce DTBP at lower costs, passing on some of these savings to the market. The decrease in phenol prices helped stabilize supply, with both domestic and imported quantities meeting demand without disruptions.
As a result, Di-ter-butyl Phenol prices in Europe saw a slight decrease in the fourth quarter of 2024, driven by moderated demand from downstream industries, stable supply, and lower feedstock costs.
For the Quarter Ending September 2024
North America
In Q3 2024, the Di-tert-butyl Phenol (DTBP) market in North America experienced price stability, reflecting a balanced scenario between supply and demand. Several key factors contributed to this steady pricing environment. One of the primary drivers was the subdued buying interest and lackluster demand from downstream industries, such as plastics, coatings, and solvents, which traditionally consume significant volumes of DTBP. Trading activities also remained slow throughout the quarter, as market participants adopted a cautious approach due to broader economic uncertainty.
Additionally, the price of the primary feedstock, Phenol, remained weak in the American market. This stability in Phenol pricing helped maintain low production costs for DTBP, contributing to the overall market stability. Despite some improvements in the construction sector and solvent-related industries, which showed slight signs of recovery, demand for DTBP remained muted.
Market participants relied on existing stock levels to meet domestic requirements, avoiding excessive purchasing or overstocking. This restrained approach from enterprises maintained a steady trajectory in DTBP prices throughout the quarter, reflecting the cautious sentiment in the market. Overall, DTBP pricing in North America stayed consistent, hovering within a narrow range due to the balanced supply-demand dynamics.
APAC
In Q3 2024, the APAC region witnessed a significant surge in Di-Ter-Butyl Phenol prices driven by a myriad of factors. The market experienced an uptrend primarily due to robust demand from key industrial sectors such as plastics, rubber, coatings, and adhesives. This surge was further fueled by limited supply availability, leading to a supply-demand imbalance. Additionally, the continuous buying sentiment, coupled with elevated raw material costs, contributed to the escalating price trend. India, in particular, saw the most substantial price changes during this quarter. The country experienced heightened demand from various sectors, resulting in price hikes. Seasonal factors and increased industrial activity further propelled prices upwards. The correlation between price changes in India and the overall APAC region remained evident, showcasing a synchronized pricing trend. Despite disruptions like plant shutdowns [mention names if available], the pricing environment in Q3 2024 was notably positive. The quarter culminated with the price of 2,6 Di-Ter-Butyl Phenol CFR JNPT in India reaching USD 1879/MT, marking a steady progression of price increments throughout the period.
Europe
In Q3 2024, the European region experienced a significant decline in 2,6 Di-Ter-Butyl Phenol prices, shaped by several critical factors. The overall trend was marked by decreasing prices, largely influenced by escalating global logistics costs. Disruptions in the Red Sea region were a key contributor to these rising expenses, as ongoing conflicts led to severe port congestion, equipment shortages, and increased operational costs. These logistical challenges had a cascading effect on supply chains, causing delays and interruptions that heightened market volatility. As shipping routes became less reliable, the availability of 2,6 Di-Ter-Butyl Phenol was constrained, further complicating the pricing landscape. In addition to logistics issues, market sentiment was affected by concerns over supply stability, which contributed to fluctuating prices. Manufacturers were compelled to navigate these complexities while managing their production schedules, leading to an overall bearish outlook in the market. This combination of geopolitical factors and logistical disruptions ultimately drove down 2,6 Di-Ter-Butyl Phenol prices in Europe during this period, reflecting the intricate interdependencies within global supply chains.
For the Quarter Ending June 2024
North America
The second quarter of 2024 witnessed a notable rise in Di-Ter-Butyl Phenol prices in the North American market. This increase was driven by supply constraints, caused by moderate to low manufacturing rates and intermittent labor shortages, which intensified the gap between demand and supply. Furthermore, strong performance in key downstream sectors, particularly paints and coatings, maintained the demand pressure on Di-Ter-Butyl Phenol prices.
In the construction sector, demand for Di-Ter-Butyl Phenol was bolstered by the robust activity that began with the Spring buying season. Construction projects nationwide saw a significant uptick, including rural highway repaving, freeway-style interchange construction, and safety enhancements aimed at addressing infrastructure needs and accommodating growing transportation demands. This surge in construction activity reflected efforts to meet increasing demands, maintain existing infrastructure, and expand transportation networks to support various modes of transportation.
Additionally, the hospitality sector showed positive signs, with the volume of hotel rooms under construction growing year-over-year for the first time since June 2023, indicating a gradual recovery. These factors collectively drove up the demand for Di-Ter-Butyl Phenol, an essential component in construction paints and coatings
APAC
In Q2 2024, the Di-Ter-Butyl Phenol market in the APAC region experienced significant upward price momentum driven by several key factors. The quarter was marked by robust demand from downstream industries such as plastics, rubber, coatings, and adhesives, exacerbating the supply-demand imbalance. Tightening supplies, accentuated by disruptions in the Red Sea region affecting imports, further fueled price hikes. Increased feedstock costs, particularly for phenol and tertiary butyl alcohol, compounded the pricing pressures. The overall bullish market sentiment was buoyed by high regional demand and supply constraints, with notable increases in freight charges and operational costs.
Focusing on India, the country witnessed the most pronounced price changes within the APAC region. The pricing environment reflected a positive trend, driven by steady demand growth and constrained inventories due to rapid consumption rates. The quarter saw a seasonal rise in prices, underscored by high demand from the pharmaceutical and construction chemical sectors. The price correlation remained strong, with a 7% increase from the previous quarter, and a 3% rise when comparing the first and second halves of the quarter. This trend was further influenced by limited imports from Taiwan, China, and Germany due to logistical issues and heavy rainfall affecting Asian ports.
The latest quarter-ending price for 2,6 Di-Ter-Butyl Phenol in India stood at USD 151700/MT CFR JNPT. The overall market sentiment was decidedly bullish, with a consistent increase in prices reflecting a positive pricing environment throughout Q2 2024.
Europe
In the second quarter of 2024, the Di-ter-butyl Phenol market in Europe underwent a significant transformation, marked by a pronounced increase in prices. This upward shift in pricing was driven by a confluence of impactful factors.
Key among these were supply disruptions caused by severe weather conditions, such as torrential rains and flooding, which adversely affected crucial industrial regions. These environmental challenges compounded existing constraints on production and logistics. Additionally, geopolitical tensions, particularly in the Red Sea region, exacerbated trade route disruptions, leading to strained supply lines and elevated freight costs.
The rise in production costs also played a critical role, fueled by increasing prices for input materials and broader macroeconomic pressures, including inflation. These factors collectively influenced the pricing landscape for Di-ter-butyl Phenol.
In Germany, despite experiencing fluctuations in demand, the market displayed an overall positive sentiment. The correlation between supply chain interruptions and price adjustments became evident throughout the quarter. Seasonal influences further complicated the market dynamics, with variations in construction sector activity affecting demand cycles and contributing to the observed price trends.
