For the Quarter Ending December 2022
North America
During the fourth Quarter of 2022, the market of Propylparaben witnessed an ascending price trend. With the start of October, the prices inclined considerably on the back of increasing downstream Propylparaben demand from various pharmaceutical industries. Following the mid-q4 the cost of Propylparaben remained on higher side significantly supported by Higher global demand, supply chain disruptions and European energy prices. With this, the prices for Propylparaben recorded got assembled at USD 7526/MT CFR Los Angeles in the month of November. Moreover, towards the termination of the fourth quarter Propylparaben market started to decline as the demand became lighter along with the thanksgiving holidays, resulting in stock pining of inventories among the market participants.
Asia Pacific
Propylparaben prices started to surge at the beginning of October across Asia Pacific, most notably in China, due to an increase in end-user demand,. The local market's attitudes toward Propylparaben were improved by continuing the zero covid policy and ceasing manufacturing activity. A sharp rise in Covid infections—a highly contagious sub-variant of Omicron—in China also contributed to a rapid decrease in pricing at the start of December, greatly raising the risk to global supply chains. Dealers and market participants reduced their future orders, which affected the trajectory of Propylparaben as a whole. With this, Propylparaben prices were set at USD 7257/MT FOB Shanghai during November 2022.
Europe
The European market also demonstrated a similar pricing trend as of Asia pacific for Propylparaben during the final Quarter of 2022. Prices remained on the upper side due to the domestic market's somewhat sloped downstream demand up until the middle of the fourth Quarter. With this, the USD 87950/MT CFR Hamburg price of Propylparaben in Europe was made clear during the mid-q4. Trade flows in Germany, and the rest of the Eurozone partially resumed because of some breathing space, which did not significantly support the market fundamentals of Propylparaben within the region. The demand for goods and services from the end-user industry did, however, stay muted due to the current economic challenges with the end of the year 2022. Additionally, these changes in the market attitude were supported by weaker consumer purchasing patterns.
For the Quarter Ending September 2022
North America
The Propylparaben market has witnessed decremented pricing sentiments in the North American region during the third Quarter of 2022 due to the fluctuating downstream Propylparaben demand from various pharmaceutical industries. At the onset of Q3, Propylparaben prices decreased stably due to weaker demand. Followed by a similar trend, the prices went down in the mid q3 owing to sturdy requirements and sufficient stocks with the suppliers, which balanced the overall downstream market. Furthermore, towards the termination of Q3, the prices went down significantly and settled at USD 7415/MT CFR Los Angeles in the United States.
Asia Pacific
In the APAC region, the prices of Propylparaben witnessed a decline in market sentiments throughout the third Quarter of 2022. Weaken downstream demand and sufficient supplies with the domestic merchants supported the pricing tendency for Propylparaben in China. Further, following the mid of q3, the prices recorded for Propylparaben showcased a weaker demand due to lessening customer purchasing activities from the domestic markets. Moreover, towards the termination ofq3, the demand declined significantly, propelling the market participants to reduce their further quotations and destock their stockpiled inventories. With this, the prices in the q3 settled at USD 7100/MT FOB Shanghai in China.
Europe
The prices of Propylparaben in the European market mimic a similar trend as those of North America. Supply and demand fundamentals were on the weaker side, resulting in the stockpiling of downstream with the domestic merchants. Until mid-q3, demand for Propylparaben in Germany remained stable as a balance between the supply and demand side was observed in the domestic market. Additionally, fluctuations in trade activity from exporting countries affected the market value of Propylparaben at the end of q3. Also, the slow offtake from downstream pharmaceuticals was one of the factors behind this weak price trend in Germany. Thus, with the end of q3, the prices of Propylparaben settled at USD 7650 /MT CFR Hamburg.
North America
The Propyl-paraben market has witnessed a mixed sentiments in its prices in the North American region during the Second quarter of 2022 due to the fluctuating downstream Propylparaben demand from various pharmaceutical industries. On the onset of Q2 the prices for Propyl paraben went down significantly owing to weaker demand. Further towards the end of first half of Q2 the prices increased owing to higher upstream Propan-1-ol prices which positively affected the market of Propylparaben in the North American region. However, the extended port congestion leading to enhanced freight charges and container shortage from India, a significant exporter to the United States, also positively affected the propylparaben market. Again, with the termination of second quarter the prices for propyl paraben were assessed was USD 7470/MT CFR Los Angeles.
Asia Pacific
The prices of Propylparaben in India remained on the upper end throughout the Second Quarter of 2022. The increased feed Propan-1-ol prices led to a consistent rise in Propylparaben prices in the market. Further, heightened exporting activities from India to various other regions increased freight charges and delayed supplies resulting in an overall price increment in the market growth for Propylparaben. Higher demand caused the supply disruption and reduced Storage with the traders in the market, which affected the prices of Propylparaben. Further. In India, the prices of Propylparaben settled at 572000/MT Ex -Mumbai in June 2022.
Europe
In the European market, Propylparaben prices witnessed an upward trajectory in the second quarter of 2022, which was supported by the strong feedstock Propane-1-ol price values. Furthermore, demand from the downstream pharmaceutical manufacturers rose continuously throughout the quarter. Additionally, an increased demand resulted in the supply crunches, which also led to expensive production that pushed the cost of Propylparaben further. Despite that, the extended exporting activities from India to various other countries in the European region, mainly Germany and Belgium, heightened freight charges and shortage of containers, causing the Propylparaben prices to increase. Furthermore, the prices for propyl paraben were assessed with the termination of second quarter was USD 7670/MT CFR Hamburg.
