North America Propylene Prices Movement Q3:
Propylene Prices in United States:
In the third quarter of 2024, propylene price trend indicated that prices in the United States rose steadily, reaching 1130 USD/MT in September. This increase was driven by strong demand from the plastics and automotive industries, alongside higher crude oil prices. Supply chain constraints and fluctuating refinery output also contributed to market tightness, supporting a firm price trend throughout the quarter.
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APAC Propylene Prices Movement Q3:
Propylene Prices in Japan:
The propylene price trend in Japan during Q3 2024 settled at 825 USD/MT in September. Prices remained moderate due to stable domestic demand and consistent supply. However, rising energy costs and global crude oil volatility created mild upward pressure. Imports and trade dynamics also influenced pricing, keeping the Japanese market relatively balanced amid steady industrial consumption.
Regional Analysis: The price analysis can be extended to provide detailed Propylene price information for the following list of countries.
China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.
Europe Propylene Prices Movement Q3:
Propylene Prices in Germany:
In Germany, propylene prices for the third quarter of 2024 reached 975 USD/MT in September. The price rise was supported by strong demand from the packaging and automotive sectors. Additionally, high energy costs and regional supply tightness, partly due to maintenance shutdowns, contributed to price increases, reflecting a bullish trend in the European propylene market during this period.
Regional Analysis: The price analysis can be expanded to include detailed Propylene price data for a wide range of European countries, such as Germany, France, the United Kingdom, Italy, Spain, Russia, Turkey, the Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, the Czech Republic, Portugal, and Greece, along with other European nations.
MEA Propylene Prices Movement Q3:
Propylene Prices in Saudi Arabia:
The price trend for propylene in Saudi Arabia during Q3 2024 settled at 830 USD/MT in September. Stable demand from the petrochemical industry and sufficient domestic production kept prices relatively controlled. However, export demand and crude oil price fluctuations influenced market sentiment, with occasional supply adjustments affecting short-term pricing throughout the quarter.
Regional Analysis: The price analysis can be extended to provide detailed Propylene price information for the following list of countries.
Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.
Latin America Propylene Prices Movement Q3:
Propylene Prices in Brazil:
In Brazil, propylene prices reached 1130 USD/MT in September 2024, reflecting a firm upward trend. The increase was largely driven by demand from the packaging and plastic manufacturing sectors. Limited domestic production capacity and rising import costs added to the pressure, while global oil price trends and logistical challenges played a key role in supporting higher price levels.
Factors Affecting Propylene Supply and Prices
Propylene prices depend on crude oil and natural gas costs, refinery output, and production issues. Demand from plastics, automotive, and packaging industries, along with global trade, logistics, and economic factors, drive market fluctuations and impact supply consistency and pricing trends.
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Key Coverage:
- Market Analysis
- Market Breakup by Region
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Price Analysis
- Spot Prices by Major Ports
- Price Breakup
- Price Trends by Region
- Factors influencing the Price Trends
- Market Drivers, Restraints, and Opportunities
- Competitive Landscape
- Recent Developments
- Global Event Analysis
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.
About Us:
IMARC Group is a global management consulting firm that provides a comprehensive suite of services to support market entry and expansion efforts. The company offers detailed market assessments, feasibility studies, regulatory approvals and licensing support, and pricing analysis, including spot pricing and regional price trends. Its expertise spans demand-supply analysis alongside regional insights covering Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa. IMARC also specializes in competitive landscape evaluations, profiling key market players, and conducting research into market drivers, restraints, and opportunities. IMARC’s data-driven approach helps businesses navigate complex markets with precision and confidence.
IMARC Group provides professional chemical price analysis services to enable businesses to leverage their pricing and maximize profitability. Our thorough research examines market trends, competitor prices, customer willingness-to-pay, and costs, making data-driven decisions possible. By establishing pricing opportunities and cost-saving initiatives, we enable organizations to remain competitive and maximize market potential. Whether it's creating dynamic pricing strategies, performing cost benchmarking, or analysing pricing effects, our customized solutions enable companies to realize sustainable growth.
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