Phosphonate Price Trend and Forecast
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 period, the Phosphonate market was dictated by the cost support
from the Yellow Phosphorus market. The availability of sufficient feedstock has
proportionally impacted the supply outlook of Phosphonate in the Chinese
domestic market. At the same time, the demand outlook has remained sluggish
amidst the strict COVID norms implemented by the Chinese authorities, although
at the start of the quarter, the impact of energy rationing was observed. In
contrast, the demand in the prominent Southeast Asian markets has also dropped
in November amidst the peak festive season. As a ripple effect, the FOB
Shanghai discussions for Phosphonate-ATMP were assessed at USD 1225 per tonne
in December 2022.
Europe
The Phosphonate in the European
markets has witnessed mixed sentiments during the fourth quarter of 2022. The
market obtained a substantial gain in October, and the domestic outlook has
sustained adequate recovery against the losses that occurred during the summer
break. Although the gains were short-lived amidst the rising inflation and
interest rates, consumer sentiments are more conservative than anticipated. At
the same time, the Prices of
Yellow Phosphorus has pressurized the supply outlook considerably. The
stance of the European Union over the Russian energy supplies has levied a considerable
impact on the operating cost of manufacturing. In response, several producers
and downstream players adjusted the operating rates to sustain the
supply-demand dynamics of Phosphonate in the volatile environment across the
region. Although, the offers attained slight stability by the second half of
the quarter. As a ripple effect, the FD Hamburg discussions for
Phosphonate-ATMP were assessed at USD 1534 per tonne.
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