North America Neopentyl Glycol (NPG) Prices Movement Q3

Neopentyl Glycol (NPG) Prices in USA:

Neopentyl glycol (NPG) prices for the U.S. rose towards September 2024 touching USD 2300/mt for Q3. The higher price came in reaction to the upstream supply chain having received erratic weather issues-for one, and construction consumers clamor for greater supplies, on the other. The resultant absence of low-cost supply more favorably kept costs somewhat low, as the prevailing oversupply persisted in positioning towards the price walls. Throughout the quarter in question, demand generally surpassed supplies leading to a scenario where the markets remained tight from time to time. Given aforementioned factors, the markets were likely to witness as the days progressed a bullish price scenario, where less-effective supplies might be used to boost the market, thus making the need for more stock reductions futile in view of the demand that continuously shoots prices upwards.

Neopentyl Glycol (NPG) Prices in China:

Prices soared dramatically with the rise in the cost of crude oil, plus also due to shortage of goods in the market. A decline presumably followed as costs of raw materials dropped significantly, which cut down the production process. That led to a temporary spate of plunging prices. Price levels subsequently turned around dramatically thanks to robust market interest, leading to an uptrend in prices. Fluctuations of such a magnitude did not alter the main trend of prices on the whole-an overall bullish market. During that time, the market gyrated but finally found strength when entire demand met high raw material prices, making the upward movement of prices continue. Consequently, the market became dominated by this solid and positive attitude.

Neopentyl Glycol (NPG) Prices in Germany :

Prices of neopentyl glycol (NPG) in Germany fell by 1940 USD/MT for Q3 in September 2024. This was triggered by there being an excess production vis-à-vis weaker-end-user demand, especially from the building industry. Prices stable, such as formaldehyde and crude oil, have seemingly prevented any further growth in prices and market conditions were weaker. Trends across Europe similarly brought a reduction in prices while market sentiment was subdued. The added this excess supply to the market being more than demand, and also, create pressure to prices going down. The overall way of the NPG market was very negative for the quarter.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Neopentyl Glycol (NPG) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Neopentyl Glycol (NPG) price trend, offering key insights into global Neopentyl Glycol (NPG) market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Neopentyl Glycol (NPG) demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

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