Experts Expect Optimism in Global n-Propyl Acetate Prices in the Upcoming Quarter

In the upcoming months, n-propyl Acetate in Germany is expected to show a bullish market trend due to an increase in input production cost as prices of Natural Gas are expected to rise in Germany, and a similar trend is expected to be followed in the US.

In the US market, prices of n-Propyl Acetate are expected to increase on the backdrop of improvement in the economic fundamentals and an increase in demand from the downstream construction industries. China's market also expects similar trends in terms of n-Propyl Acetate prices due to increased production costs as coal prices are expected to rise. Furthermore, low inventories coupled with stable demand from the downstream industries and an expected rise in international demand improve the cost of n-Propyl Acetate in the upcoming months.

Currently, The prices of n-Propyl Acetate in the US and Asia-Pacific markets declined amid economic uncertainty and rising inflation rate. Whereas in the month of May, n-propyl Acetate prices showed contrary market trends in Germany, as the prices incremented due to variable market fundamentals globally.

The prices of n-propyl Acetate declined this week in the US market, and it was due to a decline in prices of Upstream feedstock Acetic Acid amid economic uncertainty and declining demand from the international market. Moreover, the plants were operating at slower rates, along with sellers offering discounts to increase market transactions. The demand from the downstream construction industry has declined, giving overall pessimistic market sentiments.

In the German Market, the prices of n-Propyl Acetate increased in the month of May. This was due to high demand from the downstream industry. Furthermore, lower inventory levels, along with increased downstream demand, raised prices of N-propyl Acetate in the German spot market. A Supply chain constraint was observed as workers went on strike. Furthermore, bullish market sentiments were observed as buyers were trying to procure large orders of n-Propyl Acetate in Germany. Additionally, the plants were operating at a stable rate with high downstream demand amid low inventories level in the market.

In the Chinese Market, the prices of n-propyl Acetate declined. This was due to declining prices of feedstock Acetic Acid along with subdued market growth as slow economic recovery was observed in China. Furthermore, a declining export in China continued to give an overall downbeat market view. Meanwhile, the plants were operating at a stable rate amid high inventories level to meet domestic and port demand.