Raffinate Price in USA
- United States: 693 USD/MT
In December of Q4 2023, the price of raffinate in the United States soared to 693 USD/MT. This marked an uptick in the US market compared to the corresponding quarter of the preceding year.
The latest report by IMARC Group, titled "Raffinate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of raffinate prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Raffinate Prices December 2023:
- United States: 693 USD/MT
- China: 760 USD/MT
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The study delves into the factors affecting raffinate 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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Raffinate Price Trend- Q4 2023
In the fourth quarter of 2023, several key factors drove the North American raffinate market, impacting pricing and availability. A primary factor was the moderate supply level maintained by steady plant operations and high inventory volumes. This resulted in a saturated market where excess stock led to discounted pricing structures. Price dynamics were notably influenced by declining crude oil prices and weak demand from these downstream industries, which saw a 13% decrease in Raffinate prices in the USA compared to the previous quarter. Despite this decline, there was a significant year-over-year increase in prices, suggesting a complex interplay of market forces over a longer term. These factors collectively shaped the Raffinate market landscape in North America, reflecting broader economic trend and sector-specific demands.
Raffinate Market Analysis
The global raffinate market size reached 3124.8 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 4509.5 Thousand Tonnes, at a projected CAGR of 4.20% during 2023-2032. The pricing of raffinate in December 2023 was subject to a range of influencing factors, with significant contributions from supply and demand dynamics, crude oil price fluctuations, and downstream industry demand. Initially, the market experienced an oversupply, primarily due to high production outputs and increased inventory levels. This oversupply was met with simultaneously low to moderate demand, especially impacted by a downturn in the manufacturing sector. The Purchasing Managers' Index indicated a contraction in manufacturing activities, which directly affected the consumption rates of Raffinate, especially in major industrial applications like MTBE and MEK production. The presence of excess stock led suppliers to offer Raffinate at discounted prices to stimulate purchase and manage inventory levels, contributing to a general decline in market prices.
Moreover, the influence of external economic factors such as crude oil prices played a crucial role. In the observed period, Raffinate prices in the USA saw a marked decrease due to the falling crude oil prices, which are a significant cost component in the production of Raffinate. The volatile nature of oil markets often directly translates to the pricing strategies in associated chemical markets, including Raffinate. Additionally, despite the general price decline, certain regions within North America experienced price variability due to regional demand fluctuations and logistical costs associated with distribution. For instance, transportation and energy costs, crucial for the delivery and production of Raffinate, have also seen changes, potentially pushing the prices upward in certain areas despite the overall trend of decline.
Browse Full Report: https://www.imarcgroup.com/raffinate-pricing-report
Key Points Covered in the Raffinate Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Raffinate Prices
- Raffinate Price Demand
- Raffinate Demand & Supply
- Raffinate Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Raffinate Price Analysis
- Raffinate Industry Drivers, Restraints, and Opportunities
- Raffinate News and Recent developments
- Global Event Analysis
- List of Key Players
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
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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