Stainless Steel Round Bar Prices Trend and Forecast

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 witnessed a mixed sentiment owing to the limited buyer inquiries. Buyers who had depleted their stockpiles booked even small quantities so that their products could continue. Most buyers awaited the tender price for September delivery from Chinese steel mills. As a result, the cost of ferrochrome has remained stable. With the festive season, India's stainless-steel mills returned to normal production levels. Stainless steel demand is typically higher in India during the festive season. However, the outlook from India's top export destination, China, remains unchanged. Small-scale buyers have been deferring purchases in anticipation of a lower price in the next round of purchase tenders from major stainless-steel round bar manufacturers since chrome ore prices have fallen. As a ripple effect, the SS 304 Round Bar (50 mm) prices for Ex Dainan (China) settled at USD 2331/MT.

Europe

The Stainless-Steel Round Bar market in the European market remained subdued, with essentially flat prices during the third quarter of 2022. Market participants noticed how the escalating energy crisis would affect the fourth quarter. Transaction prices, which had recently followed a similar trend to base prices, were assessed lower this quarter due to weak demand and oversupply. Distributors noticed more orders, but prices remained low. Suppliers mentioned a price bottom and some increases in September due to higher energy costs. In August and mid-September, energy prices rose by USD 100/MT daily, but distributors were waiting for orders. However, manufacturers reported at the end of September that European stainless steel bar demand returned to the market after a long period of stagnation during which prices fell and buyers purchased in small quantities. Therefore, SS 304 Round Bar (25 mm) prices for Ex Ruhr (Germany) settled at USD 4080/MT.

ChemAnalyst is a leading provider of chemical commodity prices in more than 12 countries since from last 4 Years. the Company has emerged as a preferred pricing supplier amongst Procurement Managers and Strategy Professionals globally who wants to track near real time prices of chemicals on its interactive dashboard. 

Comments

Post a Comment

Popular posts from this blog

Steel Plate Prices in the Global Market

Image
North America In the final quarter of 2022, the Steel Plate prices plunged in the US market owing to the limited inquiries from the downstream segment. In October, major manufacturers were curtailing production activity to fill the supply-demand gap. The Mississippi River's water level had dropped so low that barges had become stuck, resulting in costly dredging and traffic congestion. According to manufacturers, Steel Plate fell as the market remains concerned about logistics. As shippers cannot load as much weight on a barge at low water levels, barges became much more expensive, causing shipping delays. Towards the quarter's end, the inventory level dropped, and Steel Plate manufacturers started raising prices, anticipating a higher demand outlook before the Christmas holiday. Buyers had opted wait-and-watch outlook as the market slowed ahead of the holidays. Thus, Steel Plate (20 mm) prices for Ex Works Texas (USA) settled at USD 1605/MT. Asia Pacific In the Chinese ma
Read more

Levofloxacin Hemihydrate Prices Trend and Forecast

Image
North America Throughout the last quarter of 2022, the North American region, particularly the United States market, showed declining Levofloxacin Hemihydrate Prices . At the start of the fourth quarter, prices stayed relatively steady because demand inclined positively compared to the previous month. The different reasons that have affected the market for practically all commodities, including Levofloxacin Hemihydrate, are still closely monitored by market participants as fluctuating prices feared them for their losses. Until November, the prices held on the upper end due to lessening domestic market's overall supplies and healthy demand. With this, the price of Levofloxacin Hemihydrate was significantly demonstrated at USD 67220/MT CFR Los Angeles. After mod q-4 the prices of Levofloxacin Hemihydrate dropped considerably with the closure of the local market on account of New-year breaks.  Asia Pacific With the end of the Final Quarter of 2022, Levofloxacin Hemihydrate prices
Read more

Global Aluminium Sheet Prices Online

Image
North America Aluminium Sheet prices in the US market showed downward sentiment in the final quarter of 2022 due to lower end-user inventory levels amid bearish sentiment. According to manufacturers, transportation bottlenecks occurred in October caused by a lack of containers, shippers, and truck drivers, and long lead times at ports and other transportation hubs were the primary causes of this tightness. In mid-Q4, headwinds such as the US and LME's ban on Russian aluminium increased the price of an Aluminium sheet. However, during the Thanksgiving holiday, the price of aluminium ingots fell. According to some market participants, the benchmark aluminium premium for Russian and non-Russian aluminium continued to diverge, particularly in light of renewed market speculation that the US may ban Russian aluminium. Alcoa, the largest aluminium producer in the United States, had warned investors that rising energy and raw material costs, as well as a drop in aluminium prices, were p
Read more