North America Base Oil Prices Movement Q2:
Base Oil Prices in the United States:
Product | Category | Price |
Base Oil | Chemical | 1732 USD/MT |
In the fiscal year, the Base Oil Price Trend in the United States reached $1,732 per metric ton during the second quarter. Base Oil prices in the U.S. experienced significant fluctuations. The quarter began with a noticeable price decline, primarily driven by weakened consumer confidence and the impact of high interest rates, which reduced purchasing power and dampened demand. Midway through the quarter, there was a temporary recovery in prices, supported by a boost in customer sentiment and a brief improvement in market conditions. However, this upward trend did not last, as prices declined again toward the end of the quarter due to a softening in demand and slower economic performance. This pattern reflected the cautious sentiment prevailing in the market during this period.
APAC Base Oil Prices Movement Q2:
Base Oil Prices in China:
Product | Category | Price |
Base Oil | Chemical | 818 USD/MT |
In the fiscal year, China's base oil price trend experienced notable price increases, reaching $818 per metric ton. The steady rise in prices during this period was driven by several factors, including supply limitations caused by maintenance closures, which constrained production. At the same time, increased demand from key industries, particularly manufacturing and automotive sectors, put additional pressure on supply. Geopolitical instability further exacerbated market challenges, creating uncertainty and straining transportation and logistics. Together, these factors contributed to the consistent price increases observed during this time.
How the IMARC Pricing Database Can Help
The latest IMARC Group study, “Base Oil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Base Oil price trend, offering key insights into global Base Oil market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.
The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Base Oil demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. The price report uncovers critical factors influencing current and future prices by exploring the intricate relationship between supply and demand.
Request to Get the Sample Report: https://www.imarcgroup.com/base-oil-pricing-report/requestsample
Key Features:
Key Attributes | Details |
Product Name | Base Oil |
Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Base Oil Price Analysis, and Segment-Wise Assessment. |
Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
Information Covered for Key Suppliers | · Company Overview · Business Description · Recent Trends and Developments |
Customization Scope | The report can be customized as per the requirements of the customer |
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