North America Propylene Glycol Prices Movement Q3:
Propylene Glycol Prices in United States:
In September 2024, propylene glycol prices in the United States reached 1260 USD/MT, setting the trend for Q3. In the region, significant price declines were observed due to an oversupply and reduced demand across key sectors. The market was further influenced by a cautious consumer outlook, as businesses were reluctant to make large investments amid ongoing uncertainty. This subdued sentiment led to a decrease in overall purchasing activity, exerting downward pressure on prices. To stay competitive, companies made price adjustments in an attempt to preserve market share in a persistently bearish environment. These factors combined to create a challenging market landscape, with prices continuing to fall as demand remained weak and supply remained abundant.
APAC Propylene Glycol Prices Movement Q3:
Propylene Glycol Prices in Singapore:
In September 2024, propylene glycol prices in Singapore stabilized at 980 USD/MT for Q3. The market saw significant price declines driven by a combination of weak domestic and international demand, compounded by ongoing economic uncertainties. These factors fueled a persistent downward trend as both businesses and consumers exercised caution in their spending. Supply chain disruptions further exacerbated the situation, worsening oversupply and putting additional downward pressure on prices throughout the quarter. As a result, the market reflected poor consumer sentiment, with stakeholders reluctant to make purchases due to the prevailing instability. The interplay of these challenges reinforced the downward price trajectory, creating a tough environment for both producers and consumers.
Europe Propylene Glycol Price Movement:
In September 2024, propylene glycol prices in the Netherlands reached 1360 USD/MT for Q3. The market saw a notable price decline, mainly due to reduced domestic demand and ongoing logistical disruptions. These issues were worsened by a pessimistic economic outlook, which weakened business sentiment and resulted in cautious spending across various sectors. Rising shipping costs further strained purchasing behavior, as higher transportation expenses made goods less affordable and less attractive. Together, these factors reinforced the negative market trend, leading to a consistent price drop throughout the period. Businesses faced growing uncertainty, and the overall economic environment remained challenging for both producers and consumers.
How IMARC Pricing Database Can Help
The latest IMARC Group study, “Propylene Glycol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Propylene Glycol price trend, offering key insights into global Propylene Glycol 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 Glycol 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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