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. In Q3 2024, propylene prices in the United States were influenced by a combination of supply issues and increased demand. Maintenance shutdowns and delays led to tighter availability, contributing to price fluctuations. In July, prices surged due to higher feedstock costs, further exacerbated by supply constraints. However, by September, a decrease in orders from the automotive sector caused a slight dip in prices. Despite this, the overall trend remained upward, driven by ongoing demand in other sectors and continued supply challenges. These dynamics created a volatile yet generally bullish market environment 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. In Q3 2024, propylene prices in Japan were influenced by a series of market fluctuations. Initially, prices rose due to supply shortages and logistical challenges, which tightened availability in the region. However, by September, the situation changed as South Korea's plants resumed operations, leading to an oversupply of propylene in the market. This surplus pressure caused prices to dip, signaling a softening market outlook as the quarter came to an end. The combination of disrupted supply chains and increased regional production contributed to the overall volatility in propylene pricing during the period.

Europe Propylene Price Movement:

In September 2024, propylene prices in Germany reached 975 USD/MT for Q3. In Q3 2024, propylene prices in Germany experienced fluctuations due to various market dynamics. Economic uncertainties contributed to limited downstream demand, putting downward pressure on prices. However, a mid-quarter price rebound occurred, driven by rising freight costs, which affected overall market conditions. The resumption of plant operations also played a key role in stabilizing supply by September, helping to prevent significant shortages. Despite these fluctuations, the market remained relatively stable by the end of the quarter, with no major price shifts, as demand and supply found a balanced position amid the 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. In Q3 2024, propylene prices in Saudi Arabia were impacted by several factors. Cautious market behavior and seasonal inactivity in July led to a downward trend, as demand slowed during the summer months. In August, logistical challenges briefly pushed prices higher, but the relief was short-lived. By September, falling crude oil prices and a decrease in polypropylene demand contributed to renewed price declines, signaling a bearish market outlook. These combined factors led to an overall weakening of prices, ending the quarter on a downward note despite some brief price 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. In Q3 2024, propylene prices in Brazil were driven by several key factors. Surging crude oil prices and logistical challenges, particularly in August, caused significant price increases despite initially low demand. These supply disruptions contributed to higher prices, as the market struggled with availability. However, by September, the resumption of plant operations helped ease supply constraints, stabilizing the market to some extent. Despite the easing of supply pressure, the quarter maintained an overall upward price trend due to the continued 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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