For the Quarter Ending September 2022
Due to higher upstream costs, Nonyl Phenol prices increased steadily in the North American market during the third quarter of 2022. As the cost of phenol, the raw material needed to create Nonyl Phenol, increased throughout the quarter, causing the higher upstream cost for Nonyl Phenol production, the market value of nonyl phenol upsurged correspondingly. Nonyl Phenol cost also grew as Nonyl Phenol usage increased in the paper, detergent, and textile industries. Additionally, the whole supply chain was disrupted, and the market's supply of materials was constrained by port backlogs, vessel bunching, and berth delays in the North American nations, which supported the overall inclining pricing trend of Nonyl Phenol in the region.
During the third quarter of 2022, the Asia-Pacific region saw a steady increase in Nonyl Phenol prices due to higher upstream costs. Nonyl phenol's price increased throughout the quarter because of an increase in the manufacturing cost caused by the rising price of phenol, the raw material used to make it. In addition, Nonyl Phenol uses increased in the textile, paper, and detergent industries, which increased Nonyl Phenol pricing. In addition, port congestions, vessel bunching, and berth delays in some countries disrupted the overall supply chain and limited the material available in the market. Hence, the assessed price value of Nonyl Phenol was USD 2924.44/MT Ex-Mumbai during September in the Indian market.
Nonyl Phenol prices in the European market rose steadily in the third quarter of 2022 because of the higher upstream costs. The price of phenol, a necessary raw material for the manufacturing of nonyl phenol, rose during the quarter, leading to higher upstream costs for nonyl phenol production. As a result, the market price of nonyl phenol also climbed. As Nonyl Phenol consumption rose in the paper, detergent, and textile sectors, so did its price. Additionally, the European countries' port backlogs, vessel bunching, and berth delays impacted the entire supply chain and limited the market's supply of materials, which supported the overall upward pricing trend of nonyl phenol in the area.
For the Quarter Ending June 2022
The prices of Nonyl Phenol dropped at the beginning of the second quarter of 2022 in North America but started surging from May and showcased an upward pricing trend in June. The prime reason behind these fluctuations in Nonyl Phenol price value was flickering feedstock market value. The feedstock price of Nonyl Phenol decreased in April, regained its pace, and started soaring in May, which continued till June. Strong downstream demand from detergent, paper, and textile industries was also a crucial factor behind the price rise of Nonyl Phenol in the North American region. Furthermore, Escalated energy costs, elevated freight charges, and congested ports amidst Russia-Ukraine war tensions further exacerbated the price value of Nonyl Phenol.
The Asia-Pacific region witnessed a consistent surge in the prices of Nonyl Phenol during the second quarter of 2022 on the back of increased upstream costs. As the price value of raw material Phenol mainly was soaring throughout the quarter, the manufacturing cost to produce Nonyl Phenol inclined, which eventually led to the price hike of Nonyl Phenol during the quarter. Furthermore, the consumption of Nonyl phenol was growing in textile, paper, and detergent industries, which propelled the Nonyl Phenol prices upwards. Moreover, increased crude oil prices, inflated freight charges, supply disruptions amidst Russia-Ukraine war tensions, and another outbreak of covid added to the already augmented market value of Nonyl Phenol.
Following the pricing trend of Nonyl Phenol in Asia-Pacific, the European countries witnessed a steady increase in Nonyl Phenol prices due to higher upstream costs. The cost of producing Nonyl Phenol climbed as the price value of the raw material. Phenol was primarily rising throughout the quarter, which eventually contributed to the price increase of Nonyl Phenol during the quarter. In addition, Nonyl Phenol usage increased in the textile, paper, and detergent industries, which increased Nonyl Phenol pricing. Elevated crude oil prices further increased the already elevated market value of Nonyl Phenol, escalated freight costs, and supply difficulties due to tensions surrounding the Russia-Ukraine war.