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IndonesiaIn Q4 2024, the Asia-Pacific region will experience upward trend in pyridine prices. Key factors driving these price fluctuations include differing demand trends across various countries, particularly influenced by India’s strong performance. Additionally, rising raw material prices will affect production costs, while ongoing trade tensions will disrupt regional supply chains. In the short term, the pyridine market will experience growth primarily due to rising demand from the agrochemicals and pharmaceutical industry. Moreover, the presence of major industry players and the region’s status as a leading importer of pyridine will expect to drive market growth throughout the forecast period.
In Q3 2024, the pyridine market will continue to experience upward price pressure due to ongoing supply limitations. The growing demand for agrochemicals and pharmaceuticals will expect to boost the pyridine market in the APAC region. As of July 2024, pyridine prices were fluctuating and reflecting around 0.30 % increase from the previous month.
In Q2 2024, the pyridine market experienced notable stability. This steady performance was driven by sufficient inventory levels and consistent cost support from key feedstocks like ammonia and formaldehyde. Additionally, increased restocking efforts and strong demand from industries like pharmaceutical further contributed to the rise. However, as the quarter progressed, prices began to decline in May and the increases in June. These fluctuations were influenced by various factors, including changing demand patterns in downstream sectors. Pyridine prices in India settled at 299,624 INR per metric ton by the end of the quarter in June.
In Q1 2024 the Asian pyridine market declined by 0.51% as compared to the Q4 of 2023. Pyridine prices have shown a mixed trend, highlighting the complex market dynamics in the region. Demand remains steady, driven by its use in the agrochemical and pharmaceutical sectors. The supply of pyridine in the APAC region has been moderate, suggesting a well-balanced market overall. Pyridine prices in India showed a downward trend in the first half of the quarter, reaching 291,142 INR per metric ton by March. Meanwhile, challenges in the Indian market had a same effect on prices in UK, China, Malaysia, and Indonesia, as India is a significant exporter to all these countries.
PriceWatch is your trusted resource for tracking global pyridine price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the pyridine market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.
In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence pyridine prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely pyridine market data.
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Supply Chain Disruptions: The conflict has disrupted supply chains across Europe and beyond, affecting the transportation and availability of raw materials needed for pyridine production. This has created shortages and driven prices upward.
Energy Costs: The war has led to volatility in energy prices, particularly natural gas, and oil, which are critical for the chemical industry. Rising energy costs have increased production expenses for pyridine manufacturers.
Trade Restrictions: Sanctions and trade restrictions on Russian exports have affected the availability of certain chemicals and raw materials used in pyridine production, contributing to price instability.
Increased Demand for Alternatives: As some suppliers have faced difficulties, demand for pyridine from alternative sources has risen, leading to price spikes due to heightened competition for limited supplies.
Supply Chain Disruptions: Lockdowns and restrictions on movement led to factory closures and transportation delays, disrupting the supply chains for pyridine and its raw materials. This created shortages that pushed prices up.
Decreased Demand: Initially, many industries that use pyridine, such as pharmaceuticals and agrochemicals, experienced a slowdown due to reduced production activities. This decreased demand led to a drop in pyridine prices during the early months of the pandemic.
Market Recovery: As economies began to reopen, demand for pyridine surged, particularly from the pharmaceutical and agricultural sectors. This rapid recovery caused prices to spike again as companies rushed to restock and meet new demand.
Increased Costs: The pandemic led to higher operational costs due to safety measures, increased transportation costs, and shifts in sourcing strategies, contributing to price fluctuations.
Trade Wars: The U.S.-China trade war resulted in tariffs on various chemicals, including pyridine and its raw materials. This created cost pressures and disrupted trade flows, leading to price volatility.
Energy Price Volatility: Political instability in oil-producing regions affected global energy prices. As energy costs are a significant component of chemical production, rising energy prices contributed to increased pyridine production costs.
Supply Chain Disruptions: Increased tensions and sanctions on countries like Iran and Russia affected global supply chains. This made sourcing raw materials more difficult, contributing to shortages and higher prices for pyridine.
These events underscore the pyridine market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable pyridine pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
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Pyridine is a colourless to yellow liquid synthesized primarily from acetaldehyde, formaldehyde, and ammonia as feedstocks. Known for its characteristic odour, it is a key intermediate in agrochemicals, pharmaceuticals, and dyes. Pyridine’s versatile solvent properties make it essential in chemical synthesis, including the production of vitamins, herbicides, and rubber products, ensuring wide industrial applicability.
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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 |
| Appearance | Clear Colourless liquid |
| Purity | 99.5% |
| Odour | Characteristic odour |
| Moisture | 0.20% (Max) |
| Miscibility | Miscible with water |
Applications
Pyridine is used mainly as a feedstock/intermediate to make other chemicals including: Picoline (α-, β-, and γ-picoline) Lutidine (α-, β-, and γ-lutidine) Pyridoxine (vitamin B6) Niacin (vitamin B3) Chlorpyrifos (herbicide) Pyrimethanil (fungicide) Nicotine (alkaloid) Quinoline (heterocyclic compound) Isoquinoline (alkaloid precursor) Rubber accelerators (such as N-cyclohexyl-2-benzothiazolesulfenamide, CBS)
The pricing of pyridine is influenced by several factors, including raw material costs such as acetaldehyde, formaldehyde, ammonia, fluctuations in supply and demand within industries like paints, coatings, and adhesives, as well as external elements like geopolitical events, trade tariffs, and energy prices. These factors combine to create variability in pricing depending on global economic conditions.
Regional production plays a significant role in pyridine pricing. Regions with high production, like Asia-Pacific, tend to have more competitive pricing due to local availability, whereas regions that rely on imports, such as North America and Europe, often face higher costs due to transportation fees, import duties, and potential supply chain disruptions.
The latest pricing trends for pyridine often reflect fluctuations in the cost of raw materials and changes in global supply chains. To secure better rates, procurement heads can consider locking in long-term contracts with suppliers, monitoring global price trends and indices, and optimizing bulk purchasing strategies to take advantage of volume discounts.
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