Isobutyl Benzene Price Trend Analysis: Q4 2024
In Q4-2024, Isobutyl Benzene prices saw a more significant decline, dropping to USD 2,217/MT, marking a decrease of -10.49% from Q3-2024. This sharp drop can be explained by the further slowdown in industrial activity across key sectors like petrochemicals and automotive, as companies reduced their production output amid continued economic caution.
The year-end also traditionally brings a slowdown in manufacturing activity due to holiday season preparations and reduced demand in certain markets. Additionally, the abundant supply of raw materials, such as benzene and isobutylene, led to a more competitive market, contributing to price reductions during this quarter.
Isobutyl Benzene Price Trend Analysis: Q3 2024
However, in Q3-2024, prices for Isobutyl Benzene fell to USD 2,477/MT, reflecting a slight decrease of -4.28% from Q2-2024. This decline can be attributed to sluggish demand from key industries, as many global markets were still grappling with the effects of economic uncertainties. Particularly, automotive and construction sectors, which are major consumers of Isobutyl Benzene, saw slower growth.
Additionally, the increase in raw material supply and competitive pricing from other global suppliers contributed to the downward price pressure. As a result, the market was unable to sustain the gains made in Q2, with reduced demand leading to this decrease.
Isobutyl Benzene Price Trend Analysis: Q2 2024
In Q2-2024, Isobutyl Benzene prices rose further to USD 2,588/MT, marking an increase of 1.60% compared to Q1-2024. This increase was largely driven by a recovery in industrial activity, particularly in sectors such as coatings, plastics, and adhesives, which experienced increased demand as supply chains began to stabilize after Q1.
Additionally, restocking efforts contributed to higher purchases, and there was a brief period of optimism in global markets as industries began ramping up operations. The rise in prices during this period can also be attributed to seasonal factors, where the chemical industry typically experiences a demand bump before entering the summer months.
Isobutyl Benzene Price Trend Analysis: Q1 2024
In Q1-2024, Isobutyl Benzene prices in China were reported at USD 2,547/MT, reflecting a modest increase of 0.31% from the previous quarter, Q4-2023. This slight increase can be attributed to the stabilization of demand following the typically slower holiday season in many global markets.
Despite the lower activity levels in the initial months of the year, there was a slight uptick in production as companies started to adjust their inventories post-holiday. Additionally, the demand from key sectors such as automotive and coatings saw moderate recovery, which supported price levels, albeit at a slower rate compared to prior periods.