For the Quarter Ending September 2024
North America
Q3 2024 saw limited price movements for DBP, with fluctuations contained within a narrow range due to several interacting factors. The U.S. economy sent mixed signals, balancing strength with inflation concerns and geopolitical risks.
Supply conditions were influenced by stable manufacturing output and evolving trade conditions. The Producer Price Index (PPI) for manufacturing fell slightly from 249.624 in Q2 to 248.383 in Q3, suggesting modest production cost relief. Rebuilding inventories, after earlier drawdowns, contributed to Q2 GDP growth of 3.0%, with 2.7% growth expected for the full year.
Consumer spending and business investments, bolstered by the CHIPS Act and other policies, remained key drivers of demand. Meanwhile, inflation eased, dipping below 3.0% by July. Yet, geopolitical tensions in Ukraine and the Middle East, coupled with possible import tariffs, created risks for supply chains and trade flows. Although the Fed’s planned rate cuts aim to support spending, uncertainties in labor dynamics and trade policies could weigh on supply conditions into 2025.
Asia
In Q3 2024, DBP prices in India showed a moderate upward trend, driven by seasonal demand, economic recovery, and evolving market dynamics. Prices remained stable at USD 1550/MT (Ex-Mumbai) in both July and August, reflecting balanced supply-demand conditions amid mixed performance across key sectors. While automotive sales fluctuated—passenger vehicle sales declined but two-wheeler sales increased—steady demand from manufacturing, infrastructure, and textiles supported market stability. In September, DBP prices rose by 3%, fueled by peak procurement activities during the festive season. Economists noted that the surge in demand may ease in the coming months as seasonal factors wane, potentially normalizing prices. Global supply chains faced uncertainties from geopolitical tensions in the Middle East and ongoing disruptions in shipping, though trade between China and India remained unaffected during the quarter. Despite challenges such as monsoon-related construction slowdowns and high inventory levels in certain sectors, Q3 ended on a positive note for DBP, with healthy market sentiment and robust demand across multiple industries. However, stakeholders anticipate potential price corrections post-festive season, given the possibility of cooling consumer sentiment and persisting geopolitical risks.
Europe
European DBP prices fluctuated narrowly throughout Q3 2024 due to lingering economic uncertainties, fueled by the ongoing conflict in West Asia and sluggish growth in the U.S. and Europe. Rising freight costs added to the challenges, with carriers like MSC and CMA CGM raising FAK rates to as high as $6,500 per container amid space constraints and operational fees. Additional disruptions from the Red Sea crisis and Singapore’s port congestion delayed shipments. Air freight rates from Northeast Asia to Europe also climbed sharply, boosted by rising e-commerce sales and semiconductor demand. Despite added capacity, imbalances between outbound and inbound shipments persisted. As geopolitical risks and seasonal demand intensify, freight market volatility is expected to continue into Q4. On the economic side, Germany—the eurozone's largest economy—struggled with weak industrial output, high energy costs, and declining exports, dragging down regional economic performance.
For the Quarter Ending June 2024
North America
In Q2 2024, Dibutyl Phthalate (DBP) prices in North America trended downward, driven largely by decreased demand from the construction sector. The housing market experienced a significant slowdown, with sales of new single-family homes in the U.S. dropping to their lowest level in seven months by June. High mortgage rates and rising home prices have dampened demand, impacting the consumption of DBP.
The Commerce Department's Census Bureau reported a 0.6% decline in new home sales, adjusting to an annual rate of 617,000 units in June, the weakest performance since November. This downturn reflects broader challenges in the housing sector that contributed to reduced demand for construction materials. Throughout the quarter, inventory levels of DBP were adequate, as the market was well-supplied despite the lower demand. This equilibrium in supply and inventory further reinforced the bearish pricing trend.
In summary, the Q2 2024 market for Dibutyl Phthalate in North America remained bearish, influenced by the sluggish construction sector and sufficient inventory levels. The drop in new home sales and steady supply conditions were key factors in the continued decline of DBP prices during the quarter.
APAC
In Q2 2024, the APAC region experienced a steady decline in Dibutyl Phthalate (DBP) prices. This downward trend was primarily due to an oversupply in the market that significantly exceeded moderate demand. Low upstream material prices and high inventory levels contributed to reduced domestic prices. Additionally, falling import prices from South Korea, driven by weak demand and decreased production costs, further supported the bearish pricing trend across the region.
In India, where price fluctuations were most pronounced, DBP pricing trends were notably negative. The market faced an oversupplied situation caused by increased imports and high inventory levels. Despite a strong demand from the construction sector, these factors exerted downward pressure on prices. Additionally, reduced production volumes due to limited working hours during a severe heatwave further impacted supply chains.
Seasonal procurement activities provided some support to demand, but overall market conditions remained bearish. Comparing the first and second halves of the quarter, prices declined by approximately 2%, reflecting seasonal influences on procurement and supply-demand dynamics. Prices also decreased by about 5% from the previous quarter, indicating a persistent negative trend.
By the end of the quarter, DBP prices in Delhi NCR stood at USD 1588/MT, highlighting the ongoing downward pricing environment. The overall sentiment for the quarter was negative, driven by high supply, moderate demand, and seasonal factors, with no significant plant shutdowns affecting the market.
Europe
In Q2 2024, the European market for Dibutyl Phthalate (DBP) experienced a bearish pricing trend. The primary driver of this decline was the subdued downstream demand, particularly from the construction sector, which saw a noticeable drop-in activity during the first two months of the quarter, as reported by Eurostat. The reduced demand from this key end-use sector significantly impacted the overall market for DBP.
During this period, inventory levels remained adequate due to a moderate supply of DBP from the Asian market. Although there were logistical challenges, such as shipping delays and increased freight costs, these issues did not heavily disrupt the supply chain. The stable influx of DBP from Asia ensured that European markets had sufficient stock, which further contributed to the downward pressure on prices.
The combination of diminished demand and ample inventory led to a persistent decline in DBP prices throughout the quarter. In summary, Q2 2024 saw a continued bearish trend in Dibutyl Phthalate prices in Europe, driven by low demand from the construction industry and sufficient inventory levels. The moderate supply from Asia, despite logistical challenges, did not counteract the prevailing downward pricing pressures.
For the Quarter Ending March 2024
North America
In the first quarter of 2024, prices of Dibutyl Phthalate (DBP) in the North American region witnessed an upward trajectory. Various factors contributed to the fluctuations in market prices during this period. Firstly, there was a significant surge in demand from the downstream Plasticizer sector, fueled by ongoing infrastructure projects and increased manufacturing activity.
However, a major concern emerged with the collapse of Baltimore's Francis Scott Key Bridge, which raised issues regarding the efficient transportation of the product within the United States. This incident occurred during a challenging period when tank supplies in the region were already strained due to adverse weather conditions. Throughout the quarter, there was a notable focus on consumer inflation data in the United States, particularly following a robust payroll employment report indicating a healthy labor market.
Concurrently, interest rates were in a contractionary phase, aimed at moderating economic expansion. Additionally, the exported value of downstream PVC experienced a decline of 5.2% in January 2024, signaling a surge in downstream inventory levels and temporarily dampening DBP demand. Despite these obstacles, the pricing environment for DBP in the North American region during Q1 2024 remained favorable, with rising prices driven by heightened demand from the downstream Plasticizer industry and supply constraints.
APAC
The first quarter of 2024 has seen mixed trends for Dibutyl Phthalate (DBP) prices in the APAC region. The regional market experienced significant price changes compared to other countries in the region. In India, DBP prices remained stable in February 2024, supported by a balanced demand-supply situation. However, in January, prices increased due to logistical challenges faced by the shipping industry caused by the Red Sea crisis. This led to supply chain disruptions and higher freight costs, resulting in a bullish market sentiment. The demand for DBP in India remained stable throughout the quarter, with expectations of a seasonal increase in demand from the downstream PVC manufacturers as summer arrived. However, the market faced challenges with low supply due to the disruptions in the global supply chain. Looking at the overall trends, DBP prices in the region declined at the end of this quarter due to a post-festive lull and low purchasing appetite. The market was bearish, with moderate supply and low demand. Supplies remained firm, but destocking activities affected pricing dynamics. In terms of price changes within the quarter, there was a decline of 3% in December 2023 compared to the previous month. However, prices increased by 1.5% in January 2024, driven by supply chain disruptions. The quarter-ending price for DBP in India was recorded at USD 1705/MT FOB JNPT during March 2024.
Europe
The recent increase in Dibutyl Phthalate (DBP) prices in the European market during the quarter ending March 2024 can be attributed to a combination of moderate demand and a shortage of suppliers. Challenges within the European DBP supply chain, such as disruptions in logistics linked to the turmoil in the Red Sea, played a role in shaping the prevailing pricing trend. Decreases in downstream production rates, caused by supply disruptions, led market participants to exercise caution regarding potential further changes. Despite indications of low demand in the downstream Plasticizer industry amid slowed construction activities, limited supplies were evident in the German domestic market. Global crude oil prices surged, exceeding USD 87 per barrel, driven by factors such as tighter physical markets, the extension of OPEC+ production cuts, and geopolitical tensions. However, DBP prices in the German market remained steady, with a reduced demand-supply gap and limited stock availability amidst rising input costs in the middle of the quarter. Supply concerns emerged in March 2024 as the Easter holidays approached, particularly focusing on German ports facing closures during weeks 13 and 14 due to the holidays. Additionally, the export value in the downstream Plasticizer industry witnessed an increase in January 2024, indicating a shortage of inventories amid production rate cuts, further contributing to the escalation of DBP prices during this quarter.
For the Quarter Ending December 2023
NORTH AMERICA
The price of Dibutyl Phthalate (DBP) in the US market expresses a bullish trend in the fourth quarter of the year.
Behind the bullish market behavior supply and product demand dynamics played a major role as the downstream industry responding fairly towards the products, construction sector was at a rising stage during the entire timeframe driven by the recovering economic condition of the country. Further, n-Butanol, primary feedstock had the key impact on the overall market breakthrough of the DBP.
In November 2023, a global price hike for the several chemicals was observed, which started affecting the price of primary feedstock, despite the demand from the downstream market witnessed the overall moderate trend including the downstream Plasticizer and the elastomers manufacturing companies. This upward trajectory in US prices stems from a confluence of factors, primarily driven by upward feedstock costs. Key raw materials, n-Butanol and Phthalic Anhydride, used in Dibutyl Phthalate (DBP) production, have witnessed significant price increases during this timeframe. This directly translates to higher production costs for US manufacturers to offset the margins. This kept global prices on an upward trajectory, with the US market naturally following suit to remain competitive in the face of global competition.
APAC
The fourth quarter of 2023 witnessed a tumultuous period for Dibutyl Phthalate (DBP) in the APAC region. Supply and demand dynamics were greatly influenced by several key factors. Firstly, the market experienced a surge in raw material costs, particularly for phthalic anhydride and n-butanol, which significantly impacted DBP production costs. Further, the downstream industries, such as plasticizers and construction, witnessed varying levels of demand, leading to fluctuations in overall DBP consumption. Finally, the presence of raw material dumping from countries like China, South Korea, Indonesia, and Thailand further intensified competition among DBP manufacturers in the region. Among the APAC countries, India experienced the most significant changes in DBP prices. The country witnessed a bullish market with moderate supply and high demand. The increased demand from downstream industries, coupled with rising raw material costs, contributed to the upward trend in DBP prices. The quarter ended with a price of USD 1469/MT for DBP Ex-Delhi NCR in India. Overall, the Asian DBP market in Q4 2023 was marked by a complex interplay of supply and demand dynamics, raw material costs, and competition. India emerged as a key player experiencing price fluctuations and strong demand, despite the challenges faced by the industry.
EUROPE
In the fourth quarter of the year, the price trend of Dibutyl Phthalate (DBP) in the European market witnessed a downward trajectory, driven by the narrow supply and demand gap as well as the overall low production cost of the product. Further, the fourth quarter of the year reported a highly volatile period for the major feedstock of Dibutyl Phthalate (DBP) i.e. n-butanol and phthalic anhydride. Noticeably, In Germany, n-Butanol got a price surge of around 2% in November 2023 resulting to maintain high production cost the Dibutyl Phthalate (DBP) hitting the spending sentiments in the domestic market of downstream household products. Adding to the complexity, dwindling demand from the downstream construction sector had a high impact. The Germany construction sector was stumbling during the defined timeframe, as higher interest rates drive up mortgage costs, house prices increased significantly in Germany and in most other European countries. On the other hand, In the third quarter, many chemical companies in Europe had started maintenance shutdown or production cut because of ongoing soft market in key economies like Germany, Belgium, UK and other parts of the Europe. Weak demand of the chemicals derived companies to close manufacturing plants across the Europe. Going forward, the chemical sector is expected to get a boost from the first quarter of 2024 as freezing cold overs and public outlay interest rates starts.
For the Quarter Ending September 2023
North America
Compared with the second quarter, the Dibutyl Phthalate (DBP) market in the USA performed lower than expected in the third quarter. The prices witnessed immense fluctuations with the trend seeing inclination during July under the influence of improved downstream construction demand within the region, while further deterioration in the following month. As per the data, quoted by Fred, the Producer Price Index by the Cement Industry witnessed a rise from 233.89 in June to 234.7 in July depicting development in the construction segment which was directly linked to the DBP production. However, the DBP market experienced a declining trend despite the increase in construction activities. The prices of DBP which is used in the downstream construction material fell in August, as firms reduced their purchasing activity due to sufficient stock availability. Furthermore, the cost savings from the manufacturing unit were exerting downward pressure on DBP prices in the US market, as producers sought to remain competitive in the face of weakened demand during September.
Asia
During the third quarter, the Dibutyl Phthalate (DBP) market in India saw significant price fluctuations, with prices falling in the first half of the quarter and rallying in the second half amid the cost support from feedstock Propylene. During July, the continuous decline was faced by the Indian plasticizers industry amid the monsoon season which muted the trading activities within this timeframe. Despite, the inflation rate in India surging by 181 in June to 186.3 in July, the availability of DBP was sufficient to meet the subdued demand for the product. However, the prices rebounded in August and September as the increase in the price of phthalic anhydride (PA) along with n-butanol, a crucial feedstock to produce DBP contributed to the overall cost of DBP production, subsequently affecting its market price. Meanwhile, DBP producers were operating their equipment at low capacity, and this has led to a shortage of DBP supply and low factory inventories. As a ripple effect, these disruptions, and fluctuations in feedstock prices, played a role in this price hike.
Europe
The German Dibutyl Phthalate (DBP) market in the third quarter of 2023 saw mixed price movements, with prices increasing in the first half and declining in the second half. During July, DBP manufacturers have low inventories, as they have reduced their production units to meet the recovering demand. In the context of the European economy, the manufacturing Purchasing Managers' Index (PMI) displayed a modest improvement, rising from 42.7 in the previous month of July to 43.7. Following that, the European DBP market holds immense stability on the rollover demand from the previous month. As per the traders, domestic consumption has not reformed on the back of unchanged demand from the downstream plasticizer industry. Hence, several domestic suppliers have kept the firm prices to remain relevant in the market activity. The price of DBP decreased during September as Europe's consumers lost confidence in making purchases due to the waning economy. The trend of falling DBP prices in Germany was aided by the continually decreasing downstream construction activity during this timeframe.
For the Quarter Ending June 2023
North America
During the second quarter, overall, Dibutyl Phthalate (DBP) market in the US rose compared with the first quarter, although a wide range of fluctuations were observed. The DBP market continued to chase the increasing trend during April, followed by the previous quarter. As per the reports, OQ Chemicals had announced the increased production rate by +0.12 USD/lb North America for feedstock n-butanol effective from April, leading the overall US DOP market to grow. As per the data, Consumer Price Index (CPI) and Industrial Production Total Index for the US rose from 301.8 (March) to 302.9 (April) and 102.6 (March) to 103.1 (April), respectively, which states inflation was under control along with improved economic activities. However, the demand for DBP reflected positive buying sentiments during May amidst tight supply for the product overseas, which led the prices to fluctuate. Moreover, the downstream Elastomers sector in the paints and coating industry-backed construction sector for DBP has increased from 231.7 (April) to 233.4 (May) due to the increase in the housing sector, which influenced the DOP prices to grow.
Asia
During the second quarter, Dibutyl Phthalate (DBP) market in Asia was weaker compared with the first quarter. Prices remained constant till May, followed by the first quarter. The stable demand-supply gap drove the market activities to remain constant. As per the market sources, the demand for domestic downstream automotive and construction industry overpowers the rolling stress of recession. Indian Rupee has been strengthening by 0.32% against USD between 11th April to 1st May. Supply has been ample enough to cater to the requirements for the product, influencing the prices to hover around 1607.4 USD/ tonne DBP Ex-Mumbai during May. Within the Indian market, over the start of the monsoon season, the demand from the downstream automotive and construction industry got hampered during June. Many receivers built sufficient inventories in advance to meet the current requirement. In order to sustain in the market, suppliers have lowered the prices hoping for an increase in trading activity. Plentiful availability of products before monsoon continued to put downward pressure on spot prices along with the downtrend in feedstock n-butanol prices.
Europe
The average pricing trend of Dibutyl Phthalate (DBP) during the second quarter in the European market remained weak compared with the first quarter. However, marginal increases in feedstock n-butanol along with phthalic anhydride prices were observed during April 2023 amid subsided destocking in the European market. The overall construction sector in Europe shows a substantial decline from 114.1 (April) to 113.7 (May), as per the Eurostat data. Demand from the downstream packaging sector of the regional market affected the overall demand for DBP production. Moreover, distributors have remained under pressure to release their large surplus as the trading activity remained muted throughout the quarter in Europe. As per the recent assessment, Producer price in Industry for Europe declined from 136.9 (March) to 135.1 (May), reflecting the sluggish economic condition. To remain relevant in the market, traders decreased their posted prices which further led to the downturn of DOP prices. According to the data, interestingly, an 18% increase in new car registration was observed in May. However, its impact on DBP prices remained untouched amid overpowering sluggish economic growth.
For the Quarter Ending March 2023
North America
The market trend for Dibutyl phthalate (DBP) during the first quarter of 2023 appeared that input price inflation rose due to higher raw material costs and shipping cost pressures. The high demand from the downstream plasticizer industry as well as reducing inventories in the region, was also affecting the domestic DBP industry's profit and volume growth. At the same time, the rising labor shortage in the US market during the second half of Q1 was also likely contributing to the increase in production costs, which was further driving up the price of DBP. Overall, it seems that the market for DBP has been on an upward trend throughout the first quarter of 2023 due to various factors, including high demand, input price inflation, reduced inventories, and labor shortages.
APAC
The market trend for Dibutyl phthalate (DBP) during Q1 of 2023 noted that there was an initial surge in demand for DBP after the Chinese Festival, leading to a subsequent increase in market sentiment amidst limited inventories. However, the decline in orders from downstream PVC industries in the second half of Q1 stabilized the market and reduced the burden on manufacturing units. However, the supply of feedstock phthalic anhydride remained consistent, which helped ease the price trend of DBP during the second half of Q1. It was also noteworthy that players in the market were stressed due to mounting inventories and were compelled to allow consistent negotiations to initiate offtakes. Overall, it seems that the market for DBP experienced some fluctuations during Q1 of 2023 but ultimately stabilized in the second half of the quarter.
Europe
The European market for Dibutyl phthalate (DBP) showed an upward trend throughout the first quarter of 2023, which was likely due to the active procurement from downstream plasticizer sectors, leading to improved market sentiment. The stocks of finished goods were at the optimum level to meet demand from downstream industries, and there were no observed supply-chain constraints during the given timeframe. This suggests that the market was functioning efficiently, and there were no major disruptions to the supply chain. Overall, it seemed that the availability of upstream phthalic anhydride and n-butanol was adequate, and the market participants were also optimistic about purchasing the material in bulk quantity. As a result, the DBP market experienced an increment in its price trend throughout the quarter.
For the Quarter Ending December 2022
North America
In the fourth quarter of 2022, the price of Dibutyl Phthalate (DBP) in North America showed changing market sentiment. The pricing trend for DBP varied as a result of fluctuating feedstock costs for phthalic acid as well as shifting demand from downstream producers of plasticizers. However, a range of other factors, such as shifting consumer attitudes, inflationary pressure, and fluctuating currency values, all had an impact on the market dynamics of DBP in the US market. Additionally, the large amount of inventory that was present in the second half of the quarter and the lower number of orders kept prices in the local markets low. Therefore, as the quarter came to a close, local prices remained low even as consumer activity increased.
APAC
The price trend of Dibutyl Phthalate (DBP) was seen as stagnant in the domestic Chinese market. Decreased upstream values in the domestic market affected the values negatively, and the overall trade and export prices of DBP declined in China. The offtakes remained consistent due to the continuous demand for phthalate materials from the end-user plasticizer industry amid the stable consumer demand sentiments in the construction and automotive sector. So, the domestic producers reduced the product prices in the country as the demand was modest from the domestic plasticizer PVC producers. Also, the previous stock of DBP was available at low costs in the market, and product offtakes were average.
Europe
Dibutyl Phthalate (DBP) Prices varied in Europe during the fourth quarter of 2022, following the pattern of the Asian market. However, due to a consistent supply and an abundance of material, manufacturers were able to deliver the goods on time. Price inflation for both input and product fell as a result of relieving supply constraints and declining demand. Later, in the second half, the price increased slightly as a result of rising production costs and rising energy costs. The need for DBP in the European market was being driven by end-use demands from downstream plasticizers. As a result, there were fluctuations in the price of DBP in the Eurozone throughout the fourth quarter.
For the Quarter Ending September 2022
North America
In Q3 2022, the DBP market of the USA ended on a mixed note. Due to unprecedented energy and utility costs, prices faced a Northward trend in the first half while slowed in the second half with adequate product availability. In July, with consistent demand for DBP in the paint and plasticizer-producing industries, the product price rose marginally for the construction and automotive sectors. However, the slower trading activity came from mid-August as market participants traded with weaker spot prices and sufficient product inventories. DBP prices showcased a bearish trend as traders sought further discounts to the overseas suppliers amid weak market fundamentals and lower bidding for the new stocks.
APAC
Dibutyl Phthalate (DBP) prices showed mixed sentiments in the APAC region in the Q3 of 2022. In India, the reduced costs of raw materials Phthalic anhydride and Iso-Butanol negatively impacted DBP's production costs in the first half of Quarter 3 of 2022. In addition, the domestic producers reduced the product prices in the country as the demand was modest from the domestic plasticizer PVC manufacturers. September pricing dynamics for the commodity saw a rise with an increase in the new offers from the downstream industries and limited availability amidst the country's upcoming festive season. Therefore, the price of DBP was settled at INR 139780/ton Ex-Mumbai (India) during September 2022.
Europe
The third quarter of 2022 had a mixed performance from the European DBP market, which saw an increase in the first part of the quarter. Later, as the energy crisis expanded throughout the market, consumer sentiment for the demand for dyes and plasticizers declined. Since the second half of August, the bearish trend has continued. Customers have been reluctant to make significant purchases because of the European market's rising gas and electricity prices. Additionally, DBP producers reduced their offers to sell off the existing stocks since the peak season for their end-use industries was about to end its use amidst the ban, which resulted in a decrease in price during September.
For the Quarter Ending June 2022
North America
Dibutyl Phthalate price trend remained firm and inclined upward throughout quarter 2 in North America. At the beginning of the quarter, the Dibutyl Phthalate price skyrocketed due to a sudden spike in feed Isobutanol price in the region. After that, the price trend stabilized, and DBP prices rose marginally till the end of the quarter due to firm feed prices as volatility in oil and gas post inflation impacted the petrochemical prices throughout the quarter. As the USA is the hub of the major producer of EV auto vehicles globally, the demand for plasticizers remained firm and consistent in the automotive sector during Q2 of 2022.
Asia
The price trend of DBP remained uncertain and shifted consistently throughout Q2 in the Asian region. In China, prices declined in Q2 due to the sufficient availability of product stocks with contracted demand during the lockdown. On the other hand, DBP prices fluctuated in India due to the variation in petrochemical and feedstock Iso Butanol prices due to increased crude oil imports from Russia. In the other Asian countries, prices propelled in the first half of the quarter due to a significant surge in petrochemical prices, and then product costs rose marginally till the end of the quarter. With steady offtakes, the demand for phthalate plasticizers remained consistent in the end-user construction and automotive sector.
Europe
The price trend of Dibutyl Phthalate (DBP) remained strong in the European region with some minor fluctuations. With a sudden spike in feed Isobutanol cost caused by shortages in oil supplies, DBP prices rose substantially during H1 of the quarter. However, in the mid-quarter, product costs stabilized due to decreased feed prices and reduced demand sentiments for plasticizers from the end-user construction sector in the region. Towards the end of Q2, the demand for DBP remained modest, and prices rose marginally due to the increase in the region’s energy and gas costs, and the price movement inclined slightly upward in June 2022.
For the Quarter Ending March 2022
North America
North America saw an increase in the price of Dibutyl Phthalate (DBP) in the first quarter of 2022 due to buoyant domestic demand and high crude oil value pushing up the prices of upstream raw materials n-octanol and phthalic anhydride due to ongoing war between Russia and Ukraine. The price of Dibutyl Phthalate was observed around USD 1675/ton FOB New York in USA during January 2022. Global inflationary pressure and overall firmness for Dibutyl Phthalate in the market led to increased prices in North America. Downstream sector of plasticisers, adhesives, sealant chemicals saw an increasing demand for Dibutyl Phthalate and escalated freight charges augmented the costs of the product.
Asia Pacific
In Asia, the price of Dibutyl Phthalate (DBP) increased in Q1, 2022 owing to the steep rise in prices of upstream crude coupled with improved demand from the downstream market where the prices started at USD 1657/ton EX-Delhi NCR in the month of January and hovered around USD 1773/ton-1927/ton Ex-Delhi NCR in India in the month of March. The Indian market has been witnessing optimism for overall market dynamics, as the pandemic has declined to daily lower than three digits in numbers for new cases in the country. However, seasonal offtakes have also bolstered this steep rise in the prices of phthalates in the regional market. Nevertheless, post-release of strategic reserves by the USA and stringent covid restrictions in China have provided the overall calm to fuming crude oil value.
Europe
During Q1,2022 the prices of Dibutyl Phthalate saw an upward trajectory in Europe with decreasing inventories and insufficient supply of the raw materials and price ranging around USD 1820/ton FD Hamburg in Europe. Increasing usage of Oxo alcohols in the downstream sector as well changing freight charges due to global shortage of shipping containers are contributing to rising prices. The market growth is primarily attributed to the strong market sentiments, increasing demand for n-octanol in the formulation of paint and stain removals and of plasticizers contributing to the European economy. Russia-Ukraine war has affected the prices of crude all over the globe which is indirectly impacting the price of Oxo alcohols.
