Bisphenol A Price in USA
- United States: 1489 USD/MT
The price of Bisphenol A in the United States for Q4 2023 reached 1489 USD/MT in December.
The latest report by IMARC Group, titled “Bisphenol A Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of bisphenol A 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.
Bisphenol A Prices Analysis:
- United States: 1489 USD/MT
- Japan: 1168 USD/MT
- Saudi Arabia: 1267 USD/MT
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The study delves into the factors affecting bisphenol A 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.
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Bisphenol A Price Trend- Last Quarter
In Q1 2024, bisphenol A (BPA) prices in North America declined significantly. Key factors included lower import prices from Asian exporters like China and Japan, influenced by a slowdown in these countries’ downstream epoxy resins and polycarbonate industries. The surplus inventory and decreased demand in these industries, exacerbated by a slowdown in the construction sector, contributed to the downward price trend. In the USA, prices fell sharply, driven by low import prices from Asia. Despite some recovery in February due to supply disruptions from the Lunar New Year and incidents in the Red Sea, prices continued to decline. Compared to the same quarter last year, BPA prices in the USA dropped by 26% and by 22% compared to the previous quarter, reflecting a bearish market.
Bisphenol A Industry Analysis
In Q1 2024, the APAC bisphenol A market saw significant price decreases. Subdued demand from downstream epoxy resins and polycarbonate industries, along with sluggish construction activity and reduced procurement, drove the bearish sentiment. Elevated inventory levels and challenges in the petrochemical industry, such as low demand, diminished profitability, and overcapacity, further pressured prices. The decrease in housing starts and a slowdown in construction also impacted demand. Japan experienced the most significant price changes, influenced by seasonal factors like the Lunar New Year and winter construction slowdowns. BPA prices in Japan dropped by 30% compared to the same quarter last year and by 12% from the previous quarter. The quarter-ending price for BPA in Japan reflected these downward trends.
In Q1 2024, European bisphenol A prices increased despite low demand from downstream industries and stable feedstock prices. Geopolitical tensions in the Middle East contributed to a bullish market. In the Netherlands, January saw stable prices due to consistent feedstock costs, but the construction sector’s challenges led to subdued demand. In February, prices surged due to high demand from downstream industries and delays in material availability. This trend continued into March, driven by consistent demand and higher import prices from Asia.
Despite global maintenance shutdowns and rising feedstock prices, the market remained bullish. The increased demand from the construction and automobile sectors emphasized the need for BPA, prompting manufacturers to boost production. In Q1 2024, bisphenol A prices in the MEA region showed mixed sentiments with fluctuations across the region. In January, prices declined due to low import prices from Asia and oversupply in Saudi Arabia, driven by weakened demand for BPA in certain exporting nations. February saw a price increase due to heightened procurement ahead of Ramadan and steady demand from the construction industry. By March, prices stabilized, influenced by Ramadan and a stable construction sector. Overall, Q1 2024 in the MEA region saw initial price declines, followed by increases and stabilization, driven by moderate demand within the construction sector.
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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