Carbon Disulphide Prices Trend and Forecast
North America
In the first quarter of 2023, Carbon
disulphide prices in the USA market have continued to decline due to
slow purchasing sentiment and strong supplies. Demand from the dyes and rubber
industries has been weak, and there were limited inquiries for new orders from
end-users, resulting in a bearish pricing trend in the domestic market. The
manufacturing industry in the US market has also been underperforming,
contributing to the sluggishness in the market. Operating rates have remained
stable, leading to high inventory levels in the USA. Additionally, market
participants reported, the recent banking crisis in the USA has had a negative
impact on the market growth of various commodities, including Carbon
disulphide.
Asia-Pacific
During the first quarter of 2023,
Carbon disulphide prices have decreased in China due to slow purchasing
sentiment in the market. Operating rates in China have remained moderate due to
weak consumption from downstream industries. Additionally, the prices of
feedstock Sulphur have declined, resulting in low production costs of Carbon
disulphide in the domestic market. Demand from downstream industries such as
rubber, dyes, and pesticides has slowed down both domestically and overseas,
and market participants have reported limited new orders from end-users.
However, the surplus inventories of the product have led manufacturers to
revise their negative price quotations in the domestic market.
Europe
Prices of Carbon disulphide have
witnessed a downward trend in the European market during the first quarter of
2023 amid gloomy buying sentiments and ample supplies in the region. In
addition, domestic production remained under check while the carbon disulphide
imports from Asia improved on European shores as the freight charges worsened
sharply. In addition, feedstock Sulphur prices have also remained on the lower
end, which resulted in the low production cost of Carbon disulphide in the
region. In addition, due to high-interest rates and inflation, the demand from
the downstream rubber, dyes, along with pesticides has remained weak. There
were no new orders from end-use industries, so the product ended up in stock.
In addition, the market perceived a wait-and-see attitude.
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