Plasticizers-Europe H2 March 2024-ChemOrbis Peru

  • Plasticizers-Europe H2 March 2024-ChemOrbis Peru
  • Plasticizers-Europe H2 March 2024-ChemOrbis Peru
  • Plasticizers-Europe H2 March 2024-ChemOrbis Peru
  • What happened to the European plasticizers market in 2023?
  • The European plasticizers market languished in the doldrums during 2023 as buyers postponed or cancelled orders and continued to purchase only for short-term requirements. Producers have continued to operate European 2-EH and plasticizer plants at reduced rates in line with demand.
  • Why have plasticizer prices eroded in 2023?
  • Prices have eroded throughout 2023 to date, although they have not fallen quite as steeply as they have in Europe. Competition for volume in the face of an increased interest in importing plasticizers from outside the US has been one of the factors driving the recent price erosion.
  • Why are European plasticizer plants reopening?
  • Producers have continued to operate European 2-EH and plasticizer plants at reduced rates in line with demand. Imports of all general-purpose plasticizers have been competitive, as freight rates fell and the local markets in Asia failed to show any demand improvement, particularly China on which hopes had been pinned.
  • Why are plasticizer & OXO-alcohol markets stagnating in 2023?
  • With the year 2023 now into its second half, plasticizer and oxo-alcohol markets remain relatively stagnant globally. Demand failed to pick up as hoped and ongoing economic pressures left markets languishing in a slow demand cycle for many months.
  • How volatile is the plasticizers market?
  • With such a diverse range of applications, the plasticizers market can be volatile as it reacts to consumer trends, seasonality and regional supply. Buyers, sellers and traders must act quickly to make the most of market opportunities. This means constant access to the most current prices and data is key.
  • Why did the US plasticizers sector start afresh in 2023?
  • The US plasticizers sector began 2023 afresh following a heavy period of de-stocking during the fourth quarter of 2022 when demand slowed down dramatically. However, hopes of a rebound in Q1 were quickly dashed. This was largely due to downstream stock levels reflecting what turned out to be more than sufficient for the then-current demand level.

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