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Showing posts from December, 2022

Rapeseed Oil Price Trend and Forecast

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North America In Q3 2022, the Rapeseed Oil Prices decreased owing to the decrease in demand and increase in the supply of the product. Due to large stocks and weak demand from end-use sectors, prices fell in the first part of Q3. In addition, the abundance of goods available on the domestic US market caused prices to decline regularly during the second half of Q3. Additionally, there was still some doubt regarding the new season's rapeseed output, which continues to support the lower seed prices. Due to huge stockpiles, local traders were forced to sell the product for less. Towards the end of Q3 2022, the price of Rapeseed Oil was recorded to be USD 1910/MT for the USA in July 2022. Asia Pacific In Q3 2022, due to the product's unstable market dynamics, the price of rapeseed oil varied throughout Q3. Due to a rise in demand from the Asia-Pacific region's domestic market and insufficient inventories, the price was raised in the first month. However, when Q3's sec

Metoclopramide Hydrochloride Price Trend and Forecast

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North America In the North American region, the Metoclopramide Hydrochloride Prices showcased an oscillating trajectory in the domestic market during the third quarter of 2022, backed by stable demand side from the downstream pharmaceutical industry and increasing feedstock prices. Metoclopramide Hydrochloride started positively with a significant price hike on the back of soaring benzoic acid prices in the US market. Later with the commencement of the second month, the Metoclopramide Hydrochloride prices went down owing to ample inventories and a stable supply chain to cater to the downstream demand. Also, to cope with the rising inflation, the government hiked up the interest rate to normalize the consumer's requests, propelling the domestic merchants to lower their quotations. Towards the termination of Q3 2022, the value accessed was USD 129460/MT with an average quarterly declination of 1.32%. Asia During the third quarter of 2022, the price of Metoclopramide Hydrochlor

Methenamine Price Trend and Forecast

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North America The price trend of Methenamine observed mixed market sentiments in the North American region throughout the third quarter of 2022. The high demand from the downstream Pharma Industry led to an increase in the price of Methenamine in the region. The orders from purchasers were high due to increased consumer consumption, which supported the price movement of Methenamine. The supply chain was disrupted, and good deliveries to the destination were delayed due to the port being congested in the USA during the third quarter. As a ripple effect, the Methenamine Price was settled at USD 1510/MT during the quarter ending in 2022.  APAC The price of Methenamine observed mixed sentiments in the Asian market throughout the third quarter of 2022. During the first two months of the quarter, Methenamine witnessed a decline in the market due to short supply from Europe due to the supply chain disruption caused by an ongoing war between Russia and Ukraine. The demand from the Pharm

Lithium Metal Price Trend and Forecast

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North America Lithium Metal prices witnessed a plunging price trend in the third quarter of 2022 in the US market. According to market participants, rising demand for consumer electronics and lithium for producing electric vehicle (EV) batteries caused lithium prices to fall in July. Despite price pressures, Chilean miners anticipated an increase in lithium inquiries in the fourth quarter. However, the bearish price trend of Lithium Metal took a new turn in August and September, driving down the prices of companies dealing in the element, with Lithium Americas being one prominent manufacturer who faced indifferent results. Buyers argue that sourcing critical raw materials like lithium locally has been the only logical step toward creating a vertically integrated domestic supply chain. The emergence of a legitimate EV market is driving demand for lithium metal. In September, the company's lithium exports fell significantly in volume and price, falling 10% and 11%, respectively, m

Chequered Plate Price Trend and Forecast

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North America During the third quarter of 2022, the Chequered Plate prices witnessed a negative sentiment in the US market owing to the subdued demand outlook. As per market players, Chequered Plate prices have fallen as service centers have held off buying in the face of weak demand from consumers, whose shortages of labor and parts have hit. Fears that the United States is either already in or on the verge of a recession have also reduced purchases. Furthermore, the mill only serves the flat-rolled steel market, and the idling was blamed on high import levels and market conditions. The idling is the first market-related closure reported by a US steelmaker in recent memory. Market participants have complained about persistent oversupply and a lack of more permanent production cuts to reduce volumes. US Steel has idled its No. 8 blast furnace at its Gary Works steel mill in Indiana. Steel mill outages throughout the rest of the year will eliminate nearly 54431 MT of flat-rolled prod

Hot Rolled Coils Price Trend and Forecast

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North America During the third quarter of 2022, the Hot-Rolled Coil prices witnessed a downward trend in the US market owing to the lower raw material costs. According to market participants, falling feedstock prices were added to the downward pressure. The ongoing decline in Hot-Rolled Coil (HRC) pricing in the United States (US) continued till September, though more significant buys and mill resistance appear to be influencing the market to establish a floor price. Furthermore, buyers were not restocking HRC in warehouses and stated that they could purchase additional tonnes based on demand. Market participants were divided on whether HRC pricing had reached a bottom, with many pointing to the August scrap trade as a leading indicator. According to manufacturers, most buyers are wary of placing large orders. They were concerned about further price reductions. Thus, the discussions for HR Coil (3 mm) prices for Ex-US Midwest (USA) settled at USD 868/MT. Asia Pacific Hot-Rolled

Metformin Hydrochloride Price Trend and Forecast

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North America The price trend for Metformin Hydrochloride experienced a decreasing trajectory in the third Quarter of 2022. Metformin Hydrochloride was among the Active Pharmaceutical Ingredients (API) whose imports into the US were severely constrained due to China's zero-covid policy. Due to the heat wave and a power shortage, several Chinese industrial facilities were forced to shut down in the second half of Q3, which had a detrimental impact on US business. The nation's declining demand for Metformin Hydrochloride was attributed to several issues by various industries and experts, including inflation, supply shortages, and the country's excessive loan rates. Asia- Pacific The third Quarter of 2022 saw a decline in the Metformin Hydrochloride Price in the Asia Pacific market. During the first half, the commodities were only seen being purchased by significant suppliers for immediate consumption, with FOB Shanghai prices settling at USD 5200/MT in July. The weak d

Magnesium Powder Price Trend and Forecast

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North America During Q3 of 2022, Magnesium Powder values for both Magnesium Stearate and Magnesium Oxide decreased in the North American region. Magnesium Oxide prices decreased from $457/mt to $420/mt from July to September, while Magnesium Stearate prices dropped from $3130/mt to $2830/mt. Due to the heat wave and power shortage, numerous production facilities in China were forced to close during H2 of Q3, and various manufacturing plants went under maintenance, which had a detrimental impact on US trade for Magnesium Powder. Many businesses and industries in the US blamed a variety of problems for the decline in demand, including the long-term effects of high inflation, supply constraints, high-interest rates, and increased uncertainty about the direction of the economy. APAC In the Asia Pacific region, the market trend of Magnesium Powder showcased a downward trajectory with Magnesium Oxide (Food Grade) and Magnesium Stearate (FCC) FOB Shenzhen prices falling from $2600/mt and

Natural Gas Prices Trend and Forecast

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North America In Q3 2022, the price of Natural Gas in the USA surged in the first half of the third quarter. The benchmark futures surged on the forecast for hotter weather and higher demand. Worries about Russian gas flow to Europe, record coal prices, and the expiration of the front-month contract remain the concern. In August, the USA's natural gas price surged to USD 8.68 per MMBtu. However, towards the end of this quarter, Natural gas costs hit low market fundamentals, as the market lost energy because U.S. production beat 100 Bcf/day for the first time. Freeport LNG has postponed its resumption of the plant from mid-Oct to Nov, which further declined the prices for the domestic market. Asia Pacific  During the third quarter of 2022, Natural Gas prices in the Asia Pacific region followed the same trend as in the rest of the global market. Cost surged in the first half of this quarter, with Russia fearing slashing supply again and worsening an Asian fuel shortage. Asia and E

Stainless Steel Round Bar Prices Trend and Forecast

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North America During the third quarter of 2022, the Stainless-Steel Round bar prices rose in the US market amidst a sluggish demand outlook. Market players cite that US steel prices have been under significant pressure for most of 2022, driven by weakening downstream demand, conservative service center buying, and persistently high supply. However, rising signs of a recession had kept many buyers on the fence, fearful of being saddled with overpriced steel inventories if the downturn worsened. Furthermore, many buyers refused to make purchases that would increase their inventories and preferred to keep stocks tight rather than take risks in an uncertain market. Furthermore, in their most recent earnings reports, steelmakers indicated that they believe demand will remain stable or increase, citing persistent backlogs. Thus, SS 304 Round Bar (25 mm) prices for FOB New York Port (USA) settled at USD 10637/MT. Asia During the third quarter of 2022, the Stainless-Steel Round bar prices w

Amitriptyline Hydrochloride Price Trend and Forecast

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North America The Amitriptyline Hydrochloride market showcased declined pricing sentiments during the third quarter of 2022 in the North American region, backed by reduced demand from the downstream pharmaceutical industries amidst weaker customer inquiries and overflowed inventories in the market. Furthermore, the fluctuation in energy values and freight charges also led to the instability in the price of Amitriptyline Hydrochloride during this quarter. Also, the domestic market participants had enough stocks to meet the overall requirements during the third quarter in the United States. By the termination of the third quarter, the prices of Amitriptyline Hydrochloride ended with a decrement trend only. APAC In the APAC region, the Amitriptyline Hydrochloride prices witnessed a mixed market sentiment throughout the third quarter of 2022. At the onset of h1, the prices declined considerably owing to waken demand and sufficient inquiries with the domestic market participants. Further

Lincomycin Hydrochloride Price Trend and Forecast

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North America In the third quarter of 2022, the Lincomycin Hydrochloride Price in North America showed a downward trend. However, throughout the first half of the quarter, the domestic market had an adequate supply of inventories to fulfill domestic demand from the end-user industries. Due to the heat wave and power shortage, several industrial facilities in China were forced to close during H2 of Q3. Several API manufacturing sites were under maintenance, negatively affecting US trade. Several businesses and industries blamed various factors for the drop in demand in the US, including the lasting effects of high inflation, supply shortages, rising interest rates, and increased uncertainty on the prognosis for the economy.   Asia- Pacific    The market for Lincomycin Hydrochloride in the Asia-Pacific region declined in the third quarter of 2022. In the Chinese market, FOB Shanghai prices decreased from USD 33450/MT to USD 31700/MT from July to September. Low raw material prices, subdu