For the Quarter Ending September 2023



North America

In the third quarter of 2023, the Isothiazolinone market in the United States experienced an overall downward price trend. This was primarily attributed to a decline in consumer purchasing sentiment, exacerbated by escalating inflationary pressures affecting the downstream market momentum. Moreover, challenges faced by the coating industry in the downstream sector, particularly related to production issues linked to a surge in crude oil values, contributed to a monthly reduction in demand during the third quarter of 2023. The North American market saw muted demand for cosmetics and personal care products due to seasonal dullness. The decrease in Isothiazolinone prices was chiefly driven by narrowed demand amidst high pre-stocked inventories. Regional inquiries for the product consistently dwindled since the end of August 2023, resulting in reduced pricing movements for Isothiazolinone in the quarter ending September 2023. The prevailing prices were a consequence of abundant supplies, coupled with heightened uncertainty in the regional market and delayed procurement sentiments among consumers.

APAC

In the APAC market, Isothiazolinone prices witnessed a decline in the quarter ending September 2023, driven primarily by ample supplies meeting existing orders in domestic and regional markets. Furthermore, a typhoon's adverse impact in the region led to reduced downstream operational rates, aligning with constrained regional demand for the product in August 2023. A decrease in export inquiries for the product was prompted by reduced international market enthusiasm amid heightened economic uncertainty in China during the third quarter of 2023. As September progressed, downstream businesses concluded their pre-holiday stocking, resulting in muted demand by month-end. The current decline in Isothiazolinone prices was influenced by stagnation in downstream paints and coating demand and a high level of stocks to fulfill marginal orders in the Asian market, particularly at the close of September 2023.

Get Real Time Prices of Isothiazolinone: https://www.chemanalyst.com/Pricing-data/isothiazolinone-1545

Europe

The European Isothiazolinone market witnessed a notable decline in pricing during the third quarter of 2023, primarily driven by reduced regional procurement activities and subdued demand from downstream sectors. This reduction in procurement, coinciding with heightened interest rates, led to a visible decrease in product consumption within the initial half of the quarter across various downstream industries. On the supply side, lower operational costs observed in August 2023 significantly influenced the pricing trajectory of the product. Additionally, a decrease in input pressure catalyzed heightened production activities within the Eurozone market, impacting Isothiazolinone pricing dynamics in the middle of the quarter. Extended summer breaks taken by businesses and consumers across Europe prompted a more cautious approach, resulting in increased pre-purchasing activities in anticipation of the upcoming months. Despite the prevailing volatility in crude oil prices, there was an underlying expectation of a reduction in core inflation and raised concerns about the uncertainty in the downstream market and overall offtakes in the Eurozone during this quarter.


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