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Taiwan
India
Vietnam
Philippines
Brunei
Myanmar
Cambodia
Indonesia
Laos
Malaysia
Singapore
Thailand
Timor-LesteDuring Q1 2025, the global Petroleum Resin C9 market reflected divergent regional movements. FOB Taiwan prices continued to rise by 3.89% FOB Taiwan price $1230/MT as compared to last Quarter, marking consistent demand from overseas buyers. CIF Vietnam (Taiwan origin) also increased by 3.65%, supported by stable industrial consumption. In contrast, FOB China declined by 2.65%, signaling softening local demand. Exports from China followed the same trend: CIF Egypt fell by 3.46%, CIF Philippines declined by 2.45%, and CIF Vietnam (China origin) dropped by 2.88%, indicating a broader pullback in regional buying and increased caution among importers.
In Q4 2024, most markets saw moderate positive growth. FOB Taiwan rose by 1.63%, and CIF Vietnam (Taiwan) edged up by 1.42%, continuing their stable upward trend. FOB China rebounded strongly with a 6.99% increase, reversing Q3’s decline. Exports from China also improved: CIF Egypt was up 2.66%, CIF Philippines increased by 6.41%, and CIF Vietnam (China) rose by 3.54%, reflecting stronger year-end restocking and improved demand across construction and adhesives sectors.
During Q3 2024, the trend split between Taiwanese and Chinese origin. FOB Taiwan climbed 4.86%, and CIF Vietnam (Taiwan) jumped 7.53%, driven by firm demand in Southeast Asia. Meanwhile, FOB China dropped by 2.95%, showing domestic market weakness. Export pricing from China was mixed: CIF Egypt increased by 5.08%, CIF Philippines remained flat (0.00%), and CIF Vietnam (China) declined by 1.47%, signaling uneven regional demand.
In Q2 2024, the market gained momentum across the board. FOB Taiwan rose 2.02%, while CIF Vietnam (Taiwan) increased by 2.52%, both supported by active restocking. FOB China surged by 4.95%, while exports also saw strong gains: CIF Egypt rose by 5.73%, CIF Philippines by 5.18%, and CIF Vietnam (China) by 5.32%, boosted by healthier demand from adhesives, packaging, and road-marking sectors.
During Q1 2024, the market began the year with mixed signals. FOB Taiwan slipped by 0.91%, while CIF Vietnam (Taiwan) increased by 2.67%, reflecting regional demand resilience. FOB China fell sharply by 6.20%, and this weakness extended to export markets: CIF Philippines declined by 2.85%, and CIF Vietnam (China) fell by 2.18%. However, CIF Egypt bucked the trend with a 2.86% rise, likely due to continued demand from infrastructure and industrial sectors.
In Q1 2025, the Indian Petroleum Resin C9 market stayed on a firm footing. CIF India prices from Taiwan rose to INR 112,240/MT, reflecting a 5.49% increase over the previous quarter, driven by post-festive restocking and healthy demand from adhesives, road-marking, and packaging sectors. CIF prices from China remained flat at INR 95,854/MT, showing 0.00% change, as Chinese exports stabilized after strong year-end shipments. On the domestic front, Ex-Mumbai prices rose modestly to INR 118,511/MT, a 1.65% increase, supported by consistent offtake and controlled inventories across key regions.
In Q4 2024, prices continued their upward momentum. CIF Taiwan prices increased to INR 106,400/MT, up 3.11%, while CIF China prices rose significantly to INR 95,858/MT, a 7.53% increase driven by tightened export availability and firm local demand in China. In India, festive season activity, especially in paints, footwear, and adhesives, supported stronger buying interest. Ex-Mumbai prices climbed to INR 116,583/MT, marking a 5.50% rise, as importers passed on higher landed costs to downstream consumers preparing for year-end consumption peaks.
In Q3 2024, the market remained active and bullish. CIF Taiwan prices surged to INR 103,195/MT, reflecting a 6.76% increase on the back of strong post-monsoon industrial demand and tighter resin availability from Taiwan. In contrast, CIF prices from China dipped slightly to INR 89,149/MT, a -0.99% decrease, due to improved supply from Chinese plants and stable freight conditions. Despite this, Indian buyers continued to purchase steadily, and Ex-Mumbai prices edged up to INR 110,500/MT, up 0.55%, supported by domestic restocking and seasonal demand in road construction and coatings.
In Q2 2024, Petroleum Resin C9 prices climbed steadily in India. CIF Taiwan prices reached INR 96,664/MT, up 2.80%, fueled by stable demand in packaging, printing inks, and pressure-sensitive adhesives. CIF China prices also rose to INR 90,044/MT, a 5.76% increase, as Chinese producers raised offers amid domestic supply tightening. Indian traders actively secured volumes in advance of the monsoon slowdown. Ex-Mumbai prices mirrored this upward trend, increasing to INR 109,900/MT, a 0.67% rise, as higher input costs were gradually reflected in local pricing.
In Q1 2024, the market opened the year with moderate strength. CIF India prices from Taiwan were INR 94,033/MT, showing a 1.24% increase, driven by early-year procurement from tire, rubber, and resin-blending industries. In contrast, CIF China prices declined to INR 85,138/MT, down -2.97%, as Lunar New Year holidays in China reduced local operations and pushed exporters to offer discounts. Domestically, Ex-Mumbai prices were at INR 109,166/MT, a 6.06% rise, as Indian distributors responded to early-year restocking across key industrial zones.
PriceWatch is your trusted resource for tracking global petroleum resin price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the petroleum resin market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
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These historical events highlight the petroleum resin market’s sensitivity to global disruptions, emphasizing the need for close monitoring of supply chain dynamics, regional policy changes, and geopolitical developments in the APAC region.
This research methodology ensures that we deliver the most accurate, timely, and actionable petroleum resin pricing assessments, empowering our clients to stay ahead of market trends and optimize their business strategies.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Petroleum resin is a synthetic resin derived from petroleum by-products, commonly used as a tackifier in adhesives, coatings, and rubber compounds. It enhances viscosity and improves bonding. Petroleum Resin is primarily used as a key ingredient in a wide range of industries, including adhesives, coatings, paints, ink, rubber, and in the manufacture of sealants and bitumen for road construction.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification
|
| Garden colour
|
11
|
| Softening point
|
90-100°C
|
| Acid Value (mg KOH/g)
|
0.07
|
| Ash Content (%)
|
0.05
|
| Specific gravity
|
1.05-1.10
|
| Bromine value (Br cg/g)
|
25 max
|
| Appearance
|
Granular solid form
|
| Melt viscosity(200°C)
|
200CPS
|
Applications
Petroleum Resin is primarily used as a key ingredient in a wide range of industries, including adhesives, coatings, paints, ink, rubber, and asphalt. It is commonly utilized to enhance the tackiness, viscosity, and stability of products such as hot-melt adhesives, pressure-sensitive adhesives, and surface coatings. Petroleum Resin is also used in the production of industrial coatings, automotive paints, and in the manufacture of sealants and bitumen for road construction.
The pricing of Petroleum Resin is influenced by several factors, including the cost of crude oil and natural gas, which serve as key raw materials in its production. Additionally, fluctuations in supply and demand within industries such as adhesives, paints, coatings, and rubber processing play a significant role. Energy costs, global crude oil price trends, and environmental regulations can also impact production expenses. Furthermore, trade tariffs, geopolitical tensions, and transportation costs are external elements that can lead to variability in Petroleum Resin prices across different regions.
Regional production has a strong influence on Petroleum Resin pricing. Areas with established production facilities, such as the Asia-Pacific region and North America, benefit from lower transportation costs and more competitive pricing due to local availability of raw materials. In contrast, regions that rely on imports, like parts of Europe or emerging markets, may face higher prices due to shipping costs, import duties, and potential delays in supply chains. Additionally, local demand in industries like adhesives and coatings can further affect regional pricing dynamics.
Petroleum Resin pricing has been volatile in recent years due to fluctuations in crude oil prices and raw material availability. The latest trend shows a slight upward pressure on prices, driven by energy costs and tighter global supply chains. To secure better rates, buyers can consider locking in long-term contracts, monitoring global oil price trends, and leveraging bulk purchasing to secure volume discounts. It is also advisable to stay informed about regional supply conditions and explore alternative sourcing strategies to minimize exposure to price volatility.
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