Epoxy Resin Prices Trend, Monitor, News & Forecast | ChemAnalyst
Epoxy Resin Prices Trend, Monitor, News & Forecast | ChemAnalyst
North America:
In the North American region, the Epoxy Resin market witnessed a bearish trend during the fourth quarter of 2023, influenced by multiple factors affecting market dynamics and prices.
A significant contributor to this trend was a decrease in demand, particularly within the construction industry, leading to reduced buying interest among end-users. Despite manufacturers maintaining consistently high production levels in anticipation of future demand, the market experienced an abundance of Epoxy Resin supply, exerting downward pressure on pricing.
Focusing on the United States, the primary focal point, Epoxy Resin prices notably decreased by 16% compared to the previous quarter, driven by the combination of low demand and ample supply. Additionally, a significant 28% decrease in prices was observed compared to the same quarter of the previous year.
The latest recorded price for Epoxy Resin Liquid (EEW 176-183) DEL Texas in the USA at the end of December 2023 was USD 4217/MT. These pricing trends in the USA were profoundly influenced by low demand, surplus supply, and a discernible downward trajectory.
Get Real Time Prices of Epoxy Resin: https://www.chemanalyst.com/Pricing-data/epoxy-resin-79
APAC:
In the Asia-Pacific (APAC) region during Q4 2023, the Epoxy Resin market displayed a bearish trend influenced by several significant factors impacting prices. Notably, there was a noteworthy surplus in Epoxy Resin supply attributed to a simultaneous reduction in the price of upstream Crude Oil, contributing to a bearish market scenario in China and Japan.
While demand remained stable in India, fostering a bullish market situation, Japan experienced substantial price variations with a 3% decrease compared to the previous quarter. Overall, the APAC region encountered price fluctuations in Epoxy Resin, driven by factors such as abundant supply, stable demand, and the absence of reported plant shutdowns.
Europe:
Europe's Epoxy Resin market faced notable challenges in Q4 2023, characterized by a bearish sentiment. Weakened overall demand from downstream industries like paints and coatings, supply chain disruptions in countries like Germany and Belgium, and a bearish pricing strategy adopted by manufacturers contributed to this sentiment.
Despite ample product availability, the market found some support in anticipated economic improvements and increased demand from the construction sector. The quarter ended with the latest price of USD 3367/MT for Epoxy Resin Liquid FD Hamburg in Germany, reflecting a significant 31% decrease compared to the same quarter of the previous year and a 15% decrease compared to the previous quarter. Overall, Europe's Epoxy Resin market grappled with challenges, balancing low demand and supply chain disruptions with glimpses of optimism in economic activities and increased demand in specific sectors.
Get Real Time Prices of Epoxy Resin: https://www.chemanalyst.com/Pricing-data/epoxy-resin-79
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