Non-Woven Fabric Prices Trend and Forecast
North America
During the first quarter of 2023,
Non-Woven Fabric showcased irregular market sentiment in the North American
region. The mixed sentiments in the feedstock Polypropylene market had
contributed to the fluctuation in Non-Woven
Fabric prices. The high demand for Non-Woven Fabric from the clothing
sector also kept prices high in the first half of the quarter. However, the
decline in Non-Woven Fabric prices in the second half of Q1 suggests that the
demand had tapered off or the supply had increased. As a result, the downstream
market's fluctuation in a lower range throughout the final month of the quarter
further strengthened the downward trend in Non-Woven Fabric prices.
Asia- Pacific
The non-Woven Fabric market in
the Asia-Pacific region experienced some notable fluctuations during the first
quarter of 2023. The increase in Non-Woven Fabric prices during the first two
months was driven by rising manufacturing costs, which were in turn driven by
increased raw material Polypropylene
Prices. The rising demand for N95 face masks and PPE also put pressure
on the Non-Woven Fabric market during the epidemic situation in China. However,
the relaxation of Covid policies and the decline in demand for masks and PPE
contributed to the availability of Non-Woven Fabric. This, in turn, led to a
decrease in prices. Additionally, the resumption of production activity at
domestic companies and the reduction in supply-chain disputes also contributed
to mixed sentiments in the Non-Woven Fabric market. As a result, Non-Woven
Fabric prices hovered around USD 1581/MT FOB Shanghai during February.
Europe
In the European region also
experienced mixed pricing in Non-woven Fabric prices throughout the first
quarter of 2023. The region had healthy demand during the first half of the
quarter, but demand started to decline in the second half, resulting in a
buildup of inventories in warehouses. The supply chain also began to function
more efficiently in March, which allowed for a consistent flow of goods to
local and global markets. Domestic producers, however, cut back on production
as the year-long destocking season began in March, which contributed to the
mixed pricing in Non-woven Fabric during the quarter. Overall, it seems like
the Non-woven Fabric market in the European region was volatile throughout the
first quarter of 2023, with fluctuating demand and production levels.
ChemAnalyst addresses the key
problematic areas and risks associated with chemical and petrochemical business
globally and enables the decision-maker to make smart choices. It identifies
and analyses factors such as geopolitical risks, environmental risks, raw
material availability, supply chain functionality, disruption in technology and
so on. It targets market volatility and ensures clients navigate through
challenges and pitfalls in an efficient and agile manner. Timeliness and
accuracy of data has been the core competency of ChemAnalyst, benefitting
domestic as well as global industry in tuning in to the real-time data points
to execute multi-billion-dollar projects globally.
Comments
Post a Comment