Posts

Showing posts from June, 2023

First Quarter of 2023 in Asia Pacific Mustard Oil Prices Online

Image
North America The first quarter of 2023 saw a fluctuation in Mustard Oil prices in North America due to unstable market dynamics. As a result of the unsettling year of low crop yields following weeks of dry weather, prices rose throughout the first part of the quarter. According to farmers and agricultural organizations, the supply constraints brought on by the pandemic and inflation are driving up the cost of their supplies. Although product prices were somewhat stable in the second half of the quarter, prices stabilized. The offtakes were heading downward, which caused prices to drop, and also, because of shifting market emotions, the prices were also altering. Asia Pacific In the Asia Pacific region, the prices for Mustard oil were seen fluctuating in the first quarter of 2023. Prices were already high due to an overproduction of mustard oil at the start of the first half in response to the pricing trend of the first quarter of 2023. Prices have increased since India's impo

First Quarter of 2023 in Asia- Pacific Levocetirizine Dihydrochloride Prices Online

Image
North America Throughout the first quarter, the Levocetirizine Dihydrochloride Prices inclined in North America on account of a continuous surge in inquiries from the pharmaceutical and healthcare sectors. Moreover, Overall inflation eased with the start of 2023 and after a significant prolonged labor shortage, owing to which the businesses in the US increased employment in January, and wages rose. Following February, the prices continued to display a similar trend and were recorded at USD 658000/MT CFR Los Angeles. Towards the termination of Q1, as inquiries from the downstream sector continued to rise, Inventories for Levocetirizine Dihydrochloride API remained low among the market players, which compelled them to focus on raising their shelves. APAC In the APAC region, Levocetirizine Dihydrochloride price particularly in China, demonstrate an incremented trend throughout the first quarter of 2023. In the month of January, Levocetirizine Dihydrochloride prices inclined in China

First Quarter of 2023 in Asia Pacific Helium Prices Online

Image
North America During the first quarter of 2023, Helium prices in the North American region inclined on account of tight supply availability of the product. Helium shortage continued to impact the overall prices sentiments of Helium along with fluctuating prices of its upstream (natural gas) in the regional market. Facets such as the US bank crisis, along with incline demand for the product, proportionally impacted the overall market dynamics of Helium. Towards the quarter end, Helium prices soared as the demand for the product in the international market inclined. North American Helium Inc announced that it successfully brought in two additional helium purification plants. APAC During the first quarter of 2023, the price dynamics of Helium in the Asian market soared in the domestic market. Despite falling natural gas prices, there was a shortage of the product on the worldwide market, resulting in rising Helium gas prices. Due to a lack of supply for the product in India, tilted i

First Quarter of 2023 in Asia Pacific Chequered Plate Prices Online

Image
North America In the US market, Chequered Plate prices increased in the third quarter of 2023 due to stagnant demand amidst turmoil in the banking sector. Since mid-October, plant utilization rates remained below 75%, and low service center inventories and high raw material prices contributed to higher prices of finished steel. Mills received higher prices on the spot market, causing an increase in steel goods' spot prices. Service centers were cautious when adding inventory as future prices were uncertain. Nucor Brandenberg's new mill appeared to be a few months away from reaching full output. Congested port handling rates caused cargo handling rates to rise. The market was still digesting price increases from last month, and the reduction in mill production caused by weak downstream industry demand led to higher prices. Inflationary cost increases impacted almost all segments, forcing participants in the market to adjust their pricing. The US steelmakers continued to be un

First Quarter of 2023 in Asia Pacific Carnitine Prices Online

Image
North America Carnitine prices in the North American region exhibited a depreciating market position throughout the first quarter of 2023. Prices decreased consistently during the quarter because of reducing raw material costs. The domestic and international markets decreased demand had a part in the unfavorable market situation. The accumulation of stocks brought on by the end-user sector's decreased demand forced the merchants to drop their quotations to destock and clear out the stock. Additionally, the fact that freight and transportation costs have significantly fallen has only contributed to the market's declining conditions. The market was also impacted by logistical problems and the ease of trade activity. Asia Pacific The prices of L-Carnitine in the APAC region demonstrated decelerating market situation throughout the first quarter of 2023. Towards the end of Q4 2022, the price of Carnitine was recorded at USD 22500/MT FOB Shanghai with an average quarterly decli

First Quarter of 2023 in Europe Titanium Tetrachloride Prices

Image
North America Throughout the first quarter of 2023, the Titanium Tetrachloride Prices have demonstrated mixed market sentiments. The average procurement from the downstream construction industries has reduced the market value of Titanium Tetrachloride, and as a result, the prices have remained on the lower end. Rising interest rates, tight monetary conditions, and volatility in input energy material prices have pressured the trade activities of various specialty chemicals, including Titanium Tetrachloride. As per the market participants, the downstream paints and coatings sector inquiries were based on a need-on-demand basis, increasing the supply-side pressure on the existing high inventories. Furthermore, the financial sector worries brought on by the failure of two banks based in the USA have further fumed the market downturn across the domestic region. Thus, the Titanium Tetrachloride market has operated at low levels at Q1-end. APAC The prices of Titanium Tetrachloride have d

First Quarter of 2023 in Asia Pacific Metakaolin Prices

Image
North America During the initial two months of the first quarter of 2023, there was an increase in the Metakaolin Prices . The primary reason for this price increase was the strong demand for the product from countries overseas, including France, Germany, and the UK. Meanwhile, the demand from the downstream construction industry remained stable during this period. However, in the third month of the quarter, the prices of Metakaolin experienced a decrease in the US market. This decline was attributed to the abundant availability of the product in the international market and the lower demand from the downstream construction industry. The construction industry in the region had a moderate performance during the first quarter of 2023 and was primarily affected by labor shortages and crises in US banks. APAC During the first quarter of 2023, the Asian Metakaolin market experienced mixed sentiment. In India, the price of the product saw a decline of approximately 9%, 6.5%, and 1.5% in

First Quarter of 2023 in Asia Pacific Chequered Plate Prices

Image
North America In the US market, Chequered Plate prices increased in the third quarter of 2023 due to stagnant demand amidst turmoil in the banking sector. Since mid-October, plant utilization rates remained below 75%, and low service center inventories and high raw material prices contributed to higher prices of finished steel. Mills received higher prices on the spot market, causing an increase in steel goods' spot prices. Service centers were cautious when adding inventory as future prices were uncertain. Nucor Brandenberg's new mill appeared to be a few months away from reaching full output. Congested port handling rates caused cargo handling rates to rise. The market was still digesting price increases from last month, and the reduction in mill production caused by weak downstream industry demand led to higher prices. Inflationary cost increases impacted almost all segments, forcing participants in the market to adjust their pricing. The US steelmakers continued to be un

First Quarter of 2023 in Asia- Pacific Peanut Oil Prices

Image
North America The Peanut Oil Prices increased in the first quarter of 2023 as a result of increased domestic demand in the North American housing and food industries. Prices climbed due to high input costs in the first half of Q1 of 2023 as a result of a shrinking supply and rising demand. Prices rose in tandem with the end-use industries' continually high demand throughout the second half of Q1. Due to the rise in the price of other edible oils, Peanut Oil became a different home oil source in several areas, causing its price to rise as well. Prices rise in the final month of the first quarter due to tighter supply chains and strong demand from downstream industries. Asia Pacific The price of Peanut Oil inclined across the Asia Pacific due to the volatile product market dynamics in Q1 2023. The domestic and food sectors are two examples of downstream industries that are increasingly demand-driven. Prices rose at the beginning of the 2023 fourth quarter. The Indonesian governm

First Quarter of 2023 in Asia- Pacific Magnesium Powder Prices

Image
North America The Magnesium Powder Prices demonstrates a mixed market trend for Magnesium Oxide hearse, a decremented trajectory for Magnesium Stearate throughout the first quarter of 2023. However, prices inclined in January due to healthy domestic demand with limited stocks among the market participants. Besides this, consumer demand showed a weaker trend even if the market trend remained on the upper side as February approached, which caused local suppliers and traders to concentrate on placing orders in line with necessities. Also, the decrease in upstream Stearic Acid and oleic acid prices further supported the declining market trend for Magnesium Stearate until the end of the first quarter of 2023. However, improvement in trade activity somewhat supported the positive price trend in the market for Magnesium oxide until the very end of March. Overall, the cost of Magnesium Powder in the United States during the month of March was constructed at USD 440/MT for Magnesium Oxide an

First Quarter of 2023 in Asia- Pacific Levocetirizine Dihydrochloride Prices

Image
North America Throughout the first quarter, the Levocetirizine Dihydrochloride Prices inclined in North America on account of a continuous surge in inquiries from the pharmaceutical and healthcare sectors. Moreover, Overall inflation eased with the start of 2023 and after a significant prolonged labor shortage, owing to which the businesses in the US increased employment in January, and wages rose. Following February, the prices continued to display a similar trend and were recorded at USD 658000/MT CFR Los Angeles. Towards the termination of Q1, as inquiries from the downstream sector continued to rise, Inventories for Levocetirizine Dihydrochloride API remained low among the market players, which compelled them to focus on raising their shelves. APAC In the APAC region, Levocetirizine Dihydrochloride price particularly in China, demonstrate an incremented trend throughout the first quarter of 2023. In the month of January, Levocetirizine Dihydrochloride prices inclined in China

First Quarter of 2023 in Asia Pacific Helium Prices

Image
North America During the first quarter of 2023, Helium prices in the North American region inclined on account of tight supply availability of the product. Helium shortage continued to impact the overall prices sentiments of Helium along with fluctuating prices of its upstream (natural gas) in the regional market. Facets such as the US bank crisis, along with incline demand for the product, proportionally impacted the overall market dynamics of Helium. Towards the quarter end, Helium prices soared as the demand for the product in the international market inclined. North American Helium Inc announced that it successfully brought in two additional helium purification plants. APAC During the first quarter of 2023, the price dynamics of Helium in the Asian market soared in the domestic market. Despite falling natural gas prices, there was a shortage of the product on the worldwide market, resulting in rising Helium gas prices. Due to a lack of supply for the product in India, tilted i

First Quarter of 2023 in Asia Pacific Crude Oil Prices

Image
North America In North America, crude oil demand remained low throughout the quarter due to the underwhelming outlook on economic activities, despite no significant disturbances in the supply chain. According to the data, WTI Crude Oil Prices declined from USD 79/barrel to USD 74/barrel within the first quarter of 2023. World oil supply improved by 830,000 barrels per day in February, primarily driven by improved demand from the US and Canada after winter storms and other disturbances. However, prices kept their downtrend as Asian players opted for Russian crude, which was available at cheaper rates. Asia During Q1 2023, Asian players started opting for Russian crude oil to gain profits, as it was available at cheaper rates. China's slow recovery remained a matter of concern for the global crude oil market, as it was lower than expected and did not allow the prices of crude oil to rise globally. Additionally, major Asian countries like India started importing crude oil from R

First Quarter of 2023 in Asia Pacific Copper Wire Prices

Image
North America In the first quarter of 2023, Copper Wire prices in the US rose due to the banking meltdown's effect on inflation and interest rates. Market players observed that lower copper prices resulted in increased demand before traditionally high-demand periods, such as April and May. As the market searched for indications of a solid post-pandemic recovery, a reduction in inventory build-up suggested a rise in demand. Manufacturers' input purchasing had decreased, resulting in shorter lead times and fewer logistical delays. Firms opted to deplete inventories, causing stocks of purchased and finished goods to decrease. The Silicon Valley Bank's failure in mid-March had a small effect. In March, lower prices and more competitive payment terms drove the first-half recovery of orders, but new orders sharply declined in the second half, with concerns of a further drop in April. Spot premiums declined before bouncing back due to cash flow issues and market player tactics.

First Quarter of 2023 in Asia Pacific Copper Plate Prices

Image
North America In Q1 2023, Copper Plate prices in the US market rose due to an increase in downstream construction and machinery inquiries amidst the banking sector's turmoil. Buyers opted for long-term contracts to meet their needs, avoiding the relatively quiet spot market. However, market participants cautioned about potential supply disruptions due to protests in Peru and a planned outage at the Kennecott smelter in Utah, USA. The delayed shipments from Peru and Chile led to an increased interest in acquiring copper scrap, but the existing supply and demand balance kept US premiums stable. The failure of Silicon Valley Bank had a modest impact on copper prices, and the US Federal Reserve's interest rate hike in March had little influence. Market sentiment returned to neutral after the panic subsided. Due to the liquidity strain on several US banks, the US Fed appears unlikely to tighten monetary policy much in the medium and long term. Consequently, the Copper Plate (C 11

First Quarter of 2023 in Asia Pacific Coal Prices

Image
North America The first quarter of 2023 saw a decline in Coal prices on the American market. At the end of the quarter, the price for brown Coal FOB Norfolk (USA) was estimated to be USD 135/MT. However, the United States saw an 8% decrease in coal consumption in this quarter as a result of less pronounced natural gas price increases than in Europe. This made it more difficult for the United States to switch from Coal to gas for the purpose of producing electricity. In fact, the price of coal futures is considerably lower in 2023 than it was in 2022. However, further trade diversions could impede the decline in coal prices by raising transportation costs. APAC Coal prices in the Asia-Pacific region have drawn contradictory responses during Q1 2023 as a result of China's market experiencing a major increase in Coal supply despite low demand, which led to a decrease in pricing. Furthermore, the performance of the strong dollar put pressure on energy prices, lowering their value.

First Quarter of 2023 in Asia Pacific Melatonin Prices

Image
North America The Melatonin Prices demonstrated an upward momentum during the first quarter of 2023, with FOB New York prices escalating from $130260 per MT in January to $133860 per MT in March. Considering the market instability in the previous quarter, industry experts had anticipated that the pharmaceutical and nutraceuticals industries would continue to sail through mixed sentiments during the first quarter of 2023. However, consistent demand for Melatonin throughout the quarter from the end users and reasonable inquiries from downstream suppliers maintained the market dynamics in the US. Since the supply chain and trade remained strong throughout the first half of the quarter, China's relaxation of its zero-covid prohibition was advantageous. This further reduced freight costs benefitting the commerce between the US and China.    Asia Pacific The Asia Pacific region showed encouraging prospects for the Melatonin Price Q1 2023. The multi-trillion-dollar Asia Pacific econ

First Quarter of 2023 in Asia Pacific Polyvinylidene Fluoride Prices

Image
North America The Poly Vinylidene Fluoride Prices in the US market showcased a southward trend in the quarter ending March 2023, owing to the abundant inventories and slowed down inquiries in the downstream construction and other competitive markets. Moreover, the Poly Vinylidene Fluoride offers in the US market were weighed by the rising interest rates and bearish consumer buying sentiments. The PVDF enterprises also felt the competitive cost pressure in the domestic market of the USA, impacting the final discussion of the commodity this quarter. In addition, the volatility in the upstream crude oil prices put input cost pressure on the fluorides. APAC In Asia, Poly Vinylidene Fluoride prices showed bearish sentiments as the prices varied very slightly in the three months ending in March 2023 as a result of the erratic nature of upstream crude oil prices. In the midst of China's economic outlook's gradual improvement, market players exhibited a wait-and-see attitude. Addi

First Quarter of 2023 in Europe Sodium Molybdate Prices

Image
North America The demand for Sodium Molybdate in North America remained moderate to low in the first quarter of 2023. Slow economic activity was the primary driving factor, despite production continuing without any interruptions. Although the demand for dye and pigment, and water treatment showed some improvement by the end of the quarter, it remained lower than expected due to prolonged inflationary pressure. Additionally, concerns about the FED’s frequent price revisions on domestic interest rates were putting pressure on the country’s economy and affecting demand for the product. Labor shortage also remained a matter of concern for the country, which led the Houston port to close for a couple of days. Asia The Indian Sodium Molybdate Prices witnessed a significant price drop of 19.7% in March 2023 due to lower demand and increased supply, including cheaper imports from China and South Korea. Although production activities remained strong in India, the decrease in prices was sup

First Quarter of 2023 in Europe Natural Gas Prices

Image
North America In Q1 2023, the Natural Gas Prices in the US showcased a bearish price trend in the succeeding months. Falling Henry Hub Natural Gas cost with declining dry Natural Gas production came about in slow than-anticipated growth in US Natural Gas production. On 22nd Feb, the Freeport LNG exports terminal came into a function but unexpectedly canceled some cargoes due to a problem with one of its three liquefaction trains, raising fears that operations might take longer than expected. In March, the price of Natural Gas in the USA declined to USD 2.45 per MMBtu Ex-Louisiana. The trade volume of Natural Gas shrunk this quarter, which affected the profit margin and sales among the significant producers. Asia Pacific Prices continued to follow a declining trend with limited consumption and adequate product inventories. In China, the Natural Gas price slumped to its lowest during March 2023 with the price trend of 2.48/MMBtu Ex-Shanghai. China's import of Liquefied Natural G

First Quarter of 2023 in Europe Ethanol Prices

Image
North America Overall market dynamics of Ethanol Prices in the North American market remained stable on account of a balanced production rate and available stockpile with end-use manufacturing units. USDA figures showed an increase in production rate and increased demand for the commodity in the biofuel production industry. Domestic and foreign demand for the product was mild, and the producer had an abundant stockpile to meet domestic demand. Towards the quarter end, the final price of Ethanol was determined by the tight supply of sugar in the US market, as well as the rising demand from the biofuel and food industries. Senators from the United States were attempting to increase the international market for its Ethanol gas blend. Towards the quarter end, Ethanol prices were observed at USD 755 per MT, FOB Texas. Asia Pacific The overall market dynamics of Ethanol in the Asia-Pacific market declined slightly on account of the fluctuating demand outlook for the product. The Chines

First Quarter of 2023 in Europe Copper Plate Prices

Image
North America In Q1 2023, Copper Plate prices in the US market rose due to an increase in downstream construction and machinery inquiries amidst the banking sector's turmoil. Buyers opted for long-term contracts to meet their needs, avoiding the relatively quiet spot market. However, market participants cautioned about potential supply disruptions due to protests in Peru and a planned outage at the Kennecott smelter in Utah, USA. The delayed shipments from Peru and Chile led to an increased interest in acquiring copper scrap, but the existing supply and demand balance kept US premiums stable. The failure of Silicon Valley Bank had a modest impact on copper prices, and the US Federal Reserve's interest rate hike in March had little influence. Market sentiment returned to neutral after the panic subsided. Due to the liquidity strain on several US banks, the US Fed appears unlikely to tighten monetary policy much in the medium and long term. Consequently, the Copper Plate (C 11