Ethyl Vinyl Alcohol Copolymer Prices: Trend, Pricing, News, Market Analysis | ChemAnalyst


For the Quarter Ending September 2023

North America:

In the third quarter of 2023, Ethyl Vinyl Alcohol Copolymer prices experienced fluctuations in the North American region, influenced by a balance between moderate demand and supply dynamics. Initially, producers maintained lower operational rates due to increased feedstock prices triggered by a rise in bank interest rates by the Federal Reserve Bank. This led to an impact on supply rates in the market. Concurrently, supply rates were insufficient due to disruptions in US shipping and freight routes caused by lower water levels in the Mississippi and Ohio rivers. Midway through the quarter, supply conditions improved, resulting in a marginal drop in prices due to rising inflation and reduced demand from buyers. Moreover, the Federal Reserve Bank's decision to increase interest rates to curb inflation affected buyer demand, contributing to a slowdown in the economic growth of the US region. Towards the end of Q3, prices rose marginally as demand stabilized, but production rates were stressed due to limited availability of feedstock Ethylene supplies caused by production cuts in upstream Crude Oil by OPEC+ and Russia. In conclusion, at the close of Q3 2023, Ethyl Vinyl Alcohol Copolymer prices in the USA reached USD 9100/MT.

Asia:

In the Asian region, Ethyl Vinyl Alcohol Copolymer demonstrated a bullish trend, with prices rising by approximately 15% during the third quarter of 2023. The quarter began with production rates being impacted by a shortage of upstream Acetic Acid in the Asian region. The price trend remained robust in the mid-quarter due to balanced demand-supply dynamics amid adverse weather conditions, including storms and typhoons such as Doksuri and Saola, coupled with heavy rainfall. Simultaneously, fluctuating upstream Ethylene cash margins in Northeast Asian countries, influenced by economic slowdowns and geopolitical tensions, contributed to the sustained price trend. Towards the quarter's end, prices rose again due to moderate production rates and stressed availability of feedstock supplies. Crude Oil production cuts by OPEC+ and Russia limited the availability of feedstock Ethylene. Additionally, Japan tightened its supply rates due to increased demand from the food sector and heightened procurement activities before the Autumnal Equinox Holiday. At the conclusion of Q3 2023, Ethyl Vinyl Alcohol Copolymer prices in Japan and Taiwan were recorded at USD 9100/MT and USD 8600/MT, respectively.

Get Real Time Prices of Ethyl Vinyl Alcohol Copolymer: https://www.chemanalyst.com/Pricing-data/ethyl-vinyl-alcohol-copolymer-1154

Europe:

Similar to North America, the price trend of Ethyl Vinyl Alcohol Copolymer in Europe experienced fluctuations during the third quarter of 2023, with prices showing an overall increase of almost 8%. Initially, production rates were low due to high input prices, and the Eurozone manufacturing Purchasing Manager’s Index indicated contractions in manufacturing sector activities during the summer holidays. Midway through the quarter, buyers reduced offtakes in response to the introduction of the Packaging and Packaging Waste Regulation, emphasizing the use of recycled materials in food packaging. Simultaneously, upstream Ethylene faced high costs due to rising Brent Crude Oil prices amid stressed Crude Oil stocks resulting from global refinery production cuts. This contributed to an increase in product prices towards the end of the quarter, despite stable demand from the food sector. At the conclusion of Q3, Ethyl Vinyl Alcohol Copolymer prices in Belgium stood at USD 9700/MT.

 

 

 

 

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