petroleum resin Pricing Assessment

Markets Covered:

Taiwan

India

Vietnam

Philippines

Brunei

Myanmar

Cambodia

Indonesia

Laos

Malaysia

Singapore

Thailand

Timor-Leste

Petroleum Resin Price Trend, Analysis and Forecast

As of August 2024, petroleum resin prices in the Asia-Pacific (APAC) region are hovering around $998 per metric ton, FOB China marking a 4% increase compared to the previous month. This upward price trend is largely driven by constrained supply and steady demand from industries such as adhesives, coatings, and automotive. In Q1 and Q2 2024, production in key resin manufacturing hubs like China and India was hindered by ongoing plant maintenance and operational disruptions caused by power shortages. These factors collectively reduced regional output by approximately 2.5 million metric tons, exacerbating the supply-demand imbalance.

In Q3 2024, the market for petroleum resins in APAC remains tight due to limited feedstock availability and high global demand. The automotive sector has seen a notable uptick in resin consumption, increasing by 5% year-on-year, driven by a recovery in vehicle production and demand for high-performance adhesives and coatings. The packaging sector has also witnessed a 3% growth in resin demand, fueled by continued expansion in e-commerce and consumer goods packaging.

Looking ahead to Q4 2024 and beyond, India is expected to boost its resin production capacity with the opening of a new refinery in Gujarat, which could help alleviate some of the supply shortages. However, the APAC petroleum resin market is likely to remain volatile due to factors such as fluctuating crude oil prices, trade policies, and geopolitical tensions in the region, particularly in the South China Sea.

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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, keeps you fully informed of market dynamics.

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Track 's petroleum resin price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in petroleum resin prices

China’s Zero-COVID Policy (2020-2022): The stringent lockdowns and factory shutdowns in China led to a temporary collapse in resin production, which caused a sharp price surge as global demand recovered.

U.S.-China Trade War (2018-2019): Tariffs on petrochemical imports disrupted the global resin trade, particularly impacting supply flows from China to key markets like India and Japan, leading to regional price fluctuations.

COVID-19 Pandemic (2020): The initial drop in demand was followed by a sharp recovery as industries such as construction, automotive, and packaging ramped up production, causing price volatility in the resin market.

Geopolitical Tensions in the South China Sea (2021-2023): Disruptions in shipping routes and tensions over trade policies between major economies in the region have led to intermittent supply chain bottlenecks, impacting resin production and pricing.

Energy Crisis (2022-Present): Rising crude oil prices and supply chain disruptions resulting from the war in Ukraine have contributed to higher feedstock costs, which in turn have driven up petroleum resin prices in the APAC region.

India’s Expanding Petrochemical Industry (2010s-Present): The development of new refineries and increased domestic resin production capacity in India has helped stabilize supply in the region, though periodic maintenance shutdowns and labor issues can still cause price fluctuations.

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.

Methodology and Specifications

petroleum resin Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: We aggregate real-time pricing data from various sources, including global commodity exchanges, trade publications, and proprietary industry databases. This ensures that our petroleum resin pricing assessments reflect the most accurate and up-to-date market conditions.

On-the-Ground Intelligence: Our team collects direct feedback from key market participants, including manufacturers, distributors, and end-users of petroleum resins, across critical production hubs. This first-hand intelligence provides valuable insights into localized market shifts and demand fluctuations.

Supply Chain Monitoring: We monitor the entire supply chain for petroleum resins, from the procurement of raw materials (e.g., naphtha, aromatic hydrocarbons) to production, distribution, and delivery. This includes tracking feedstock prices, production capacity updates, and logistics, all of which influence resin pricing.

Event Tracking and Impact Analysis

Geopolitical Factors: Our research continuously tracks global geopolitical developments, such as supply disruptions, trade policies, or regional conflicts, which could impact petroleum resin prices. We analyze how these events affect raw material sourcing, production costs, and global trade flows.

Natural Disasters and Environmental Factors: We assess the impact of natural disasters (hurricanes, floods, earthquakes) or environmental regulatory changes that may affect production facilities, particularly in key resin-producing regions like Southeast Asia and the Middle East. This allows us to anticipate price fluctuations due to plant outages or regulatory shifts.

Macroeconomic Trends: We evaluate global economic indicators, such as GDP growth rates, inflation, and sector-specific demand drivers (e.g., adhesives, coatings, packaging), to understand how economic shifts influence resin demand and pricing.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global petroleum resin production facilities, tracking their operational status, production capacities, and maintenance schedules. This allows us to provide accurate, real-time assessments of resin supply availability.

Future Capacity Projections: Our research includes forward-looking analysis on planned expansions, new plant constructions, and the introduction of advanced production technologies. We also consider how these factors could affect future resin availability and potential pricing trends.

Demand Forecasting

Sector-Specific Demand Analysis: We analyze demand trends across major sectors that use petroleum resins, including automotive, construction, packaging, and consumer goods. By examining historical consumption patterns and forecasting future industry growth, we can predict resin demand across regions and sectors.

Global Demand Dynamics: We track regional variations in resin demand, factoring in shifts in manufacturing hubs, emerging market growth, and trade policies. This analysis helps us understand how regional demand changes impact global petroleum resin pricing.

Pricing Model Development

Dynamic Pricing Models: Our proprietary pricing models are based on econometric analysis, incorporating real-time data, historical price movements, production costs, and supply-demand forecasts. These models are refined continuously to ensure they provide accurate, predictive pricing insights for petroleum resins.

Scenario Analysis: We conduct comprehensive scenario analysis, examining a range of possible market conditions, such as shifts in crude oil prices, changes in feedstock availability, and geopolitical events. This helps us present best-case, worst-case, and most likely price forecasts, enabling our clients to prepare for various market outcomes.

Reporting and Client Support

Comprehensive Reports: We provide our clients with detailed reports that include up-to-date petroleum resin pricing assessments, market trends, and price forecasts. These reports offer actionable insights and recommendations, helping businesses stay ahead of market developments and make informed pricing decisions.

Ongoing Support: Our team provides continuous support and updates to clients, ensuring they have access to the latest market information. We offer tailored advice and insights on specific market developments, helping our clients navigate the complexities of the petroleum resin market.

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.

Specifications

Molecular Weight[g/mol]

400-5000g/mol

CAS No

64742-16-1

HS Code

39111090

Molecular Formula

Aromatic Hydrocarbons

petroleum resin

Product Description: 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

25 Kg Brown Bag

Grades Covered

Incoterms Used

FOB China, FOB Taiwan, CIF India, CIF Vietnam, CIF Vietnam.

Synonym

Aromatic Hydrocarbon Resin

Quotation Terms:

20-25 MT

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

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 industrial coatings, automotive paints, and in making sealants and bitumen for road construction.

Disclaimer

Petroleum Resin price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for petroleum resin. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

What are the key factors affecting Petroleum Resin prices in the market? +

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.

How does regional production impact Petroleum Resin pricing? +

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.

What is the latest trend in Petroleum Resin pricing, and how can I secure better rates? +

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.