Acetaldehyde Prices Trend and Forecast
North America
Acetaldehyde prices showed
fluctuation in the USA market during the fourth quarter of 2022. In the first
few weeks of Q4, Acetaldehyde prices dropped owing to the weak cost pressure
from the feedstock Ethanol prices.
Demand from the end-user food preservative and allied industry remained
subdued, while the ample material availability weighed down the prices of
Acetaldehyde. However, during mid of Q4, Acetaldehyde prices rebound due to the
high feedstock Ethanol prices. Limited material availability and improved
demand from the end-user industry led to the price increase in the domestic
market. Although, during the final of Q4, Acetaldehyde prices dropped, backed
by the bearish demand dynamics amid off-season dullness. Meanwhile, a
sufficient inventory level was available to cater to the overall domestic
demand.
Asia- Pacific
Acetaldehyde prices have showcased
an oscillating trend in Asia- Pacific during the fourth quarter of 2022. During
October, Acetaldehyde
prices dropped in the Chinese market owing to the subdued demand from
the downstream food preservative and other competitive industries amid the
sluggish consumer sentiment in the domestic market. However, during November,
prices increased due to the improved demand from the end-user industry.
Furthermore, under the influence of persistent lockdown implementation during
the zero covid policy, manufacturers have started facing a labor shortage
coupled with supply chain disruption, which majorly pertains to logistical
constraints. Despite this, during December, prices gained downward momentum.
Manufacturing activity declined as Covid-19 outbreaks continued to weigh on
both output and demand. According to several authorities, purchasing
manufacturing index dropped below 50 (i.e., 49.4), indicating a contraction in
both manufacturing and industrial activity.
Europe
Prices of Acetaldehyde witnessed
mixed sentiments in the European market during the fourth quarter of 2022.
During the first month, Acetaldehyde prices dropped due to ample material
availability and weak demand from the food preservative and other competitive
industries. Feedstock Ethanol prices decreased, resulting in the low production
cost of Acetaldehyde. Although, during the last two months, Acetaldehyde prices
rebounded owing to the high-cost pressure from the feedstock Ethanol. In terms
of domestic production, operating rates remained under check as energy prices
continued to climb higher. Despite this, the market transactions have operated
at low levels as the inflationary pressures have affected the downstream
demand. In addition, imports from USA and Asia faced port congestion in key major
trading ports of Rotterdam, Amsterdam, and Antwerp. Furthermore, Germany faced
labor unrest, and logistics remained under pressure, which constrained the
material available in the regional market.
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