Acetaldehyde Price in Korea
- Korea: 9850 USD/Ton
In Korea, the price of acetaldehyde for Q1 2024 reached 9850 USD/Ton in March
The latest report by IMARC Group, titled “Acetaldehyde Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of acetaldehyde prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
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The study delves into the factors affecting acetaldehyde price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/acetaldehyde-pricing-report/requestsample
Acetaldehyde Price Trend- Last Quarter
The acetaldehyde market is driven by several factors across various industries. One of the key drivers is its widespread use as an intermediate in the production of chemicals like acetic acid, pentaerythritol, and peracetic acid, which are vital in manufacturing plastics, resins, and coatings. The growing demand for these products, particularly in the construction, automotive, and packaging industries, is fueling the need for acetaldehyde. Additionally, acetaldehyde’s role in the food and beverage (F&B) industry, where it is used as a flavoring agent and preservative, particularly in alcoholic beverages, is another factor contributing to market growth. In regions like Asia-Pacific, particularly China and India, the expansion of the agricultural sector has increased demand for acetaldehyde-based pesticides and herbicides.
Acetaldehyde Industry Analysis
In the first quarter of 2024, the acetaldehyde market in the US exhibited a bearish trend due to a combination of low raw material prices and subdued demand. Reduced inquiries from the preservative industry played a key role in driving down prices. Challenging macroeconomic conditions, exacerbated by inflationary pressures, led to weakened customer demand, affecting the manufacturing sector. The Purchasing Manager Index (PMI) stayed in the contraction zone, reflecting slow economic activity. Additionally, the cost support from ethanol feedstock remained limited, as ethanol prices stayed on the lower end, contributing to the downward shift in acetaldehyde prices.
Meanwhile, the supply of acetaldehyde was ample to meet downstream demand, further weighing on the market’s price trends. Moreover, India experienced a continuous decline, largely driven by an influx of low-priced imports, primarily from China. Volatility in ethanol feedstock prices further contributed to market fluctuations. While demand from the preservative sector remained steady, it wasn’t enough to counter the oversupply of acetaldehyde. India’s easing retail inflation improved consumer purchasing power, but imports of cheaper acetaldehyde continued to lower domestic prices.
Besides this, in Spain, prices initially declined due to sluggish demand from the preservative sector, as consumption from the F&B industry weakened during the off-season. Furthermore, inflation and high interest rates further reduced purchasing power, weighing on market sentiment. However, as the quarter progressed, acetaldehyde prices began to recover. Improved demand from the F&B sector, coupled with higher import costs from Germany due to tight supply and elevated production expenses, pushed prices higher. The limited availability of acetaldehyde in the region also contributed to this upward trend.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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