Posts

Showing posts from January, 2023

Bauxite Price Trend and Forecast

Image
North America Due to consistent demand from the Aluminium sector, Bauxite prices in North America increased throughout the third Quarter of 2022. At the termination of Q3 of 2022, the local market had limited supply and strong demand because of port congestion at the container terminals of the US west coast and high inflationary costs pressure on the commodity market amid a rise in the upstream energy values. The prices were also impacted by the increasing demand from the downstream industries, including metallurgy and chemical industries. Meanwhile, traders indulged in making sales at high-profit margins by passing the cost burden to the customers in the domestic market.   APAC The Bauxite prices showed an upward trend with increased downstream demand during the third Quarter of 2022. The commodity prices on the spot market rose with Aluminium Sheet Price in the APAC region. The Indonesian government will stop the Bauxite cargo movement at the end of 2022, pushing downstream ind

Epinephrine Price Trend and Forecast

Image
North America Over the first half of the fourth quarter, Epinephrine prices gradually increased at a moderate rate in North America. End-user demand from the pharmaceutical industry kept Epinephrine costs on the sturdy end. Additionally, there was a steep decline in supply chain disruption in the six months leading up to November across several measures, including shipping costs, which further strengthened the Epinephrine market in an upward direction. However, towards the end of q4, they started to fall precipitously due to a major decrease in their offtakes and New year breaks. Prices for Epinephrine stayed on the North side, with the settlement at USD 2448000 /MT CFR Los Angeles. APAC In the fourth quarter of 2022, Epinephrine prices in the Asia Pacific area, particularly in China, plummet by the end of December. However, prices remained on the upper side throughout the initial half of q4 due to increased downstream demand balanced with adequate supplies among market particip

Lithium Metal Price Trend and Forecast

Image
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

Urea Price Trend and Forecast

Image
North America The price of Urea in the US market continued to decrease during the fourth quarter because of the sharp decline in the cost of raw materials. In the wake of unfavorable trading fundamentals and muted demand, the Urea price continued to decline. According to the statistics, feedstock natural gas prices fell by around 15% in November 2022, and this trend continued into December. Manufacturers were able to offer discounts to entice offtakes from downstream niche consumers as a result of the fall in feedstock costs, which had an impact on pricing patterns in major importing countries like India and the USA. Inflation in the country and drought conditions declined the production of Nitrogen in the domestic market. The labor shortage in the US market persisted, but the operational rate remained positive. Urea FOB Illinois prices were assessed at USD 742/MT, averaged in Dec. APAC Asia pacific region’s pricing trend for Urea in Q4 remained plunged due to a lack of demand fro

Petroleum Coke Price Trend and Forecast

Image
North America The price of Petroleum Coke (Pet coke) in the American market increased at negligible margins for the first two months of Q4 2022. The steady performance of the downstream construction sector in the US is the primary reason for the almost stable price trend during the start of the fourth quarter of 2022. The rising of upstream Crude Oil Prices abetted the increasing price trend of PET Coke in the USA. During the final month of Q4 2022, Pet Coke prices decreased in the American market primarily due to the year-end destocking in the US and the poor demand scenario during the festive season. APAC For the first two months of Q4 2022, Petroleum Coke Pricing in the Asian market climbed by significant margins. The main cause of the nearly unchanged pricing trend at the beginning of the fourth quarter of 2022 in the Indian market is the downstream construction industry's consistent performance. The price trend for PET Coke in Asian markets increased due to growing ups

Sulphuric Acid Price Trend and Forecast

Image
North America In the Q4 of 2022, the Sulphuric Acid Prices advanced in a plummeting direction, with the price being at its lowest by the end of the quarter, as per ChemAnalyst Research Team Data. The cost ranged at USD 260/ton FOB Linden NJ (USA) during October in the domestic market region as per sourced by the traders and the suppliers. There was a plunge in the downstream fertilizer industry, driving a good pullback from the bulk Chemicals industry, which has been one of the sole reasons for Sulphuric Acid prices to fall.   This was a modest decline in the prices that were noted by the market players. The de-escalation in demand for the product from the fertilizers and dyestuff industry affected the price of the product in the US domestic market. Market experts perceive the American Sulphuric Acid industry as pessimistic, expecting long-term growth rates to be lower than they have historically been. Asia The price of Sulphuric Acid swiftly dropped since there was limited order

Zinc Price Trend and Forecast

Image
North America The third quarter of 2022 for the North American Zinc powder market started out poorly, with CFR California values assembled at $3420/mt in August. Values later improved, though, and eventually settled at $3510/mt in September. During the first half of quarter three, the weak domestic demand from the end-user industries, such as the pharmaceutical, personal care, and cosmetics sectors, has mostly been responsible for maintaining this price trend in the US. The power shortage in China brought on by prolonged heatwaves in the southern provinces, as well as the heightened operational pressure and shutdown of industrial units, also disrupted the dynamics of the US market in H2. Substantial rate rises by the US Federal Reserve in the second half, which pushed the US currency to fresh 20-year highs, badly damaged business optimism globally. Gains in metal prices were constrained by a strong dollar, which was bolstered by predictions of a major interest rate increase following

Hydrogen Price Trend and Forecast

Image
North America In the North American market, Hydrogen prices witnessed a declining trend throughout the fourth quarter of 2022 due to fluctuating natural gas prices. Production levels remain firm in the USA as the demand for green Hydrogen rose. The PEM electrolysis strategy has been more economical than natural gas production. Despite the falling costs of natural gas and oil, which caused high domestic market prices, Hydrogen use soared. The demand from fertilizer and food sectors remained stagnant in the market at the start of the quarter. Towards the quarter's end, the holiday and the occurrence of storm Elliot hampered the operational rate of Hydrogen in the domestic market. As a ripple effect, the Hydrogen (PEM Electrolysis) prices for FOB California (USA) settled at USD 6746/MT. Asia Pacific During the fourth quarter of 2022, Hydrogen gas prices followed the stagnant trend in the APAC market on downstream demand. The domestic market's fluctuations in natural gas price

Diesel Price Trend and Forecast

Image
North America Diesel prices decreased throughout quarter III of 2022 in the North American region. A consistent drop in upstream crude oil prices reduced the production costs of Diesel throughout the quarter on the back of a reduction in demand from Asian importers. From the second month of Q3, Diesel prices fell noticeably due to a significant decline in the American Truck Tonnage Index and indicated less consumption. Also, the reduction in manufacturing activities declined consumer demand for fuel and offtakes. It increased domestic inventories, and after a plunge of 4.6% in the previous quarter's discussions, Diesel prices in the USA settled at USD 4.9/gal. Asia In China, Diesel prices decreased consistently due to reduced demand and weak upstream Crude Oil Prices . During summer, demand from China and the southeast countries declined in the Asian logistics segment due to a reduction in operational rates during summer on government instructions. On the other hand, in Indi

Phosphonate Price Trend and Forecast

Image
North America The Phosphonate Price in the North American market has fluctuated within rangebound during the first half of the quarter. That is further coupled with the reduced operations at the manufacturing facilities impacting the demand in the domestic market. Although to sustain the netbacks efficiently, producers adjusted the operating rates in the domestic market. In addition, the demand has dropped in the latter half, further coupled with a blizzard storm by the quarter end, enforcing a negative outlook for Phosphonate in upcoming terms. Although, the cost support from the feedstock Yellow Phosphorus has staggered on lower levels, assisting in depressurizing the overall market scenario to a certain extent. Therefore, the DDP USGC discussion for Phosphonate-ATMP was assessed at USD 1564 per tonne during the quarter ending December 2022. Asia Pacific Overall, the Phosphonate market sentiments in the APAC region were mixed during the fourth quarter of 2022. For the majority

Isopropyl Alcohol Price Trend and Forecast

Image
North America Throughout the fourth quarter of 2022, the Prices of Isopropyl Alcohol demonstrated a weak market sentiment in the United States. Slowing end-user demand put downward pressure on prices. Moderate GDP growth in North America slowed industrial production and kept the market dynamics of Iso Isopropyl Alcohol on the lower side. The spot supply of Isopropyl Alcohol in the domestic region was sufficient, and the market transactions were mainly based on a need-on-demand basis. In the mid-q4, the U.S. supply chain improved slowly with ease in port congestion since its worst days during the first year of the pandemic. Still, this did not affect the price trends of Isopropyl Alcohol in the United States. Thus, towards the end of the fourth quarter of 2022, the Isopropyl Alcohol prices settled at USD 1290/MT FOB Texas. Asia Pacific In Asia Pacific, primarily in China, the prices for Isopropyl Alcohol witnessed a significant dip of around 1.56 percent and got settled at USD 10

Apixaban Price Trend and Forecast

Image
North America In the third quarter of 2022, market growth was constrained, according to Apixaban price patterns. Due to a decrease in the supply of the API among manufacturers, Apixaban prices increased significantly in the North American market during the first half of Q3. The weak Apixaban market has been sustained by the meager downstream pharmaceutical demand. The US Federal Reserve's tight monetary policy and high-interest rates implemented around the end of the third quarter severely harmed the prospects for domestic commerce. Fears of a recession among traders have made the economic growth barriers stronger. The price of feedstock titanium dioxide among the dealers has also been negatively impacted by the declining price of crude oil. In the final phase of Q3 2022, the value accessed at USD 3250890/MT with an average quarterly declination of 1.43%. Asia In the Asia-Pacific region, the market for Apixaban has seen constricted market fundamentals. Apixaban's pricing

Petroleum Coke Price Trend and Forecast

Image
North America The Petroleum Coke Prices during the third quarter in the US market decreased throughout the months with a slight decrease on a monthly basis. The price decrease between months was very low, almost maintaining a stable price trend throughout Q3 2022. The reason behind the stable price trend in the American market was the rising price of upstream crude oil in the global market due to the disruption caused by the Russia-Ukraine war, which was countered by the demand drop in the downstream construction sector in the US market. The construction sector performed poorly on the back of expensive construction materials in the American market, decreasing the demand throughout Q3 2022. The price of PET Coke in the US during the end of Q3 2022 was recorded at around USD 735/MT. Asia The Petroleum Coke Prices in the Chinese market witnessed a dropping of prices throughout the third quarter, especially at the beginning of the quarter. The price drop can be directly traced to th

Methanol Price Trend and Forecast

Image
North America With the third quarter ending on September 2022, the price of Methanol in the USA ended with mixed sentiment. In H1, surging fuel costs and a steep drop in Methanol prices squeezed US manufacturers’ profitability. Average export buying prices of products throughout the northeast US also have registered steep drops with revised prices for the overseas suppliers. In August, the cost of Methanol in the US slipped to USD 599/ton Spot Ex-Louisiana. However, in the second half of this quarter, the prices gained a stance with strong market fundamentals and limited regional product availability. The sharp price increase was caused by the rise in export volume and limited inventories. Asia-Pacific Region In the Asia Pacific region, the prices of Methanol declined in the first half of the third quarter. A healthy production rate and patchy downstream Acetic Acid and its derivative market slipped the costs of the product in the Chinese market. The inland Methanol market has b

Peanut Oil Price Trend and Forecast

Image
North America Due to higher domestic home and food industry demand in North America, the Peanut Oil Prices rose in the third quarter of 2022. Prices rose in the first half of Q3 of 2022 because of declining supply and increasing demand, so the prices increased because of high input prices. In the second half of Q3, prices increased in step with the end-use sectors' persistently high demand. Since peanut oil was a different domestic oil source in various provinces due to the price increase of other edible oils, its price also climbed. Towards the end of Q3 2022, the price of Peanut Oil was recorded to be USD 2143/MT for the USA in September 2022. Asia Pacific Throughout the Asia Pacific, the price of peanut oil varied because of the uncertain product market dynamics in Q3 2022. The downstream sectors, such as the food and home sectors, are becoming more demand driven. The prices rose in the first part of Q3 of 2022. The Indonesian ban on palm oil has resulted in higher pricing

Liquid Chlorine Price Trend and Forecast

Image
North America Liquid Chlorine prices led to an upward trend during the third Quarter of 2022, owing to the high energy prices and rising input cost pressure on the Liquid Chlorine market in the USA. Meanwhile, the price elevation emerged from a stronger US dollar globally, impacting the profit margins of the market players. Downstream offers from the domestic market, such as disinfectant and Hydrochloric Acid preparation segment, remained stable in the Quarter ending September 2022. Meanwhile, Olin's declaration of reduction in the Chlor alkali capacity by the end of this year has led to an increase in the buying sentiments in the regional market of Liquid Chlorine. Thus, the price of Liquid Chlorine was assessed at USD 760/ton Contract DEL Texas (USA) in September 2022. APAC Liquid Chlorine price momentum showed a southward trajectory in the Quarter ending September 2022 owing to the stability in the downstream demand and substantial Chinese Yuan depreciation against the US

Vancomycin Hydrochloride Price Trend and Forecast

Image
North America The prices of Vancomycin Hydrochloride fluctuated in the North American market throughout the third quarter of 2022, backed by wavering downstream demand from the pharmaceutical sector. The market value of Vancomycin Hydrochloride decreased in August due to reduced demand from the downstream pharmaceutical industry. Also, with enough existing inventories among domestic merchants and traders, the Vancomycin Hydrochloride API market was feeble. Overall, throughout Q3 2022, the prices increased with rising inflation in the US market, keeping the market sentiments robust. The input cost and firm operational rates propelled the market to witness decreasing trajectory. High input costs and increased freight charges positively supported the Vancomycin Hydrochloride prices in the domestic region. With the termination of Q3, the prices settled at USD 705530/MT CFR Los Angeles with an average quarterly inclination of 1.20%. APAC The third quarter of 2022 saw conflicting emotio