As of November 29th, C9 Solvent prices are slightly declining, currently around USD 820/Ton FOB Busan, with fluctuations but an overall downward trend. This is due to factors like crude oil prices and feedstock availability. South Korean sellers report fewer large orders and lower buyer inquiries. Paint consumption and demand from other end-user industries remain stagnant. Overall, market conditions are expected to stay stable or decline slightly.
As of August, in Q3 2024, C9 solvent prices are hovering around $800 per metric ton, reflecting a combination of stability and a slight downward trend as compare to first half of the year. This fluctuation indicates a balancing act between supply and demand dynamics in the market, where prices are influenced by various factors, including feedstock costs and market conditions. While there is some stability in pricing, the overall trend suggests a gradual decline, which could impact purchasing strategies for manufacturers and consumers alike.
In Q2 2024, the price of C9 solvent is anticipated to exhibit a downward trend specially in APAC region, primarily influenced by a reduction in crude oil feedstock prices. This decline in feedstock costs is likely to ease production expenses for manufacturers, ultimately leading to lower prices for C9 solvents in the market. As crude oil prices decrease, the overall cost structure for solvent production becomes more favourable, prompting a shift in pricing dynamics that may benefit consumers and end-users in various industries.