North America Propylene Prices Movement Q3:

Propylene Prices in United States:

In September 2024, propylene prices in the United States reached 1,130 USD/MT for Q3. During this period, propylene prices were shaped by a mix of supply disruptions and rising demand. Maintenance shutdowns and delays led to tighter supply, resulting in price volatility. Prices spiked in July due to higher feedstock costs, further intensified by supply constraints. However, by September, a reduction in orders from the automotive sector caused a slight price decline. Despite this, the overall trend remained upward, supported by sustained demand in other industries and persistent supply challenges. These factors contributed to a volatile yet predominantly bullish market throughout the quarter.

APAC Propylene Prices Movement Q3:

Propylene Prices in Japan:

In September 2024, propylene prices in Japan settled at 825 USD/MT for Q3. Throughout the quarter, prices were affected by a series of market fluctuations. Initially, prices increased due to supply shortages and logistical challenges, which constrained availability in the region. However, by September, the situation shifted as South Korea’s plants resumed operations, resulting in an oversupply of propylene in the market. This surplus exerted downward pressure on prices, signaling a softening market outlook as the quarter concluded. The combination of disrupted supply chains and increased regional production contributed to the overall volatility in propylene pricing during this period.

Europe Propylene Price Movement:

In September 2024, propylene prices in Germany reached 975 USD/MT for Q3. Throughout the quarter, prices were subject to fluctuations driven by various market factors. Economic uncertainties led to weaker downstream demand, exerting downward pressure on prices. However, mid-quarter saw a price rebound, fueled by rising freight costs, which impacted overall market conditions. The resumption of plant operations also helped stabilize supply by September, preventing significant shortages. Despite the fluctuations, the market remained relatively steady by the quarter’s end, with no major price changes, as demand and supply reached a balance amid ongoing economic challenges.

MEA Propylene Prices Movement Q3:

Saudi Arabia Propylene Price Movement:

In September 2024, propylene prices in Saudi Arabia settled at 830 USD/MT for Q3. During the quarter, several factors influenced propylene prices in the region. Cautious market behavior and seasonal slowdown in July led to a decline in demand, resulting in a downward trend. In August, logistical challenges briefly drove prices higher, but this increase was short-lived. By September, falling crude oil prices and reduced demand for polypropylene contributed to a further drop in prices, signaling a bearish market outlook. These factors collectively weakened prices, causing the quarter to end on a down note despite some temporary fluctuations earlier in the period.

Latin America Propylene Prices Movement Q3:

Brazil Propylene Price Movement:

In September 2024, propylene prices in Brazil reached 1,130 USD/MT for Q3. During the quarter, several key factors influenced propylene prices in the region. Rising crude oil prices and logistical challenges, especially in August, drove significant price increases despite initially low demand. These supply disruptions contributed to higher prices as the market faced availability issues. However, by September, the resumption of plant operations helped alleviate supply constraints, bringing some stability to the market. Despite the easing of supply pressures, the quarter saw an overall upward price trend, driven by the ongoing impact of rising crude oil costs and the lingering effects of earlier disruptions.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Propylene Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Propylene price trend, offering key insights into global Propylene 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 Propylene demand, illustrating how consumer behaviour 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.

Request to Get the Sample Report: https://www.imarcgroup.com/propylene-pricing-report/requestsample

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