First Quarter of 2023 in Asia Pacific Coal Prices

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. Signals of diminishing worldwide fuel demand, which had a detrimental effect on Coal prices in the APAC market, were another indicator of the economic slump. The downstream chemical industries did not have much demand in the Chinese market. Prices dropped in the worldwide market, which affected how much-imported cargo would cost; in the Chinese market, the price of Thermal Coal Ex Shanghai (China) was assessed at USD 138/MT.

Europe

During the first quarter of 2023, Coal prices in the German market experienced conflicting sentiments as the product's supply increased as a result of an increase in imports from the Middle East. Another factor that impacted the German Coal market was a strike by workers at the Hamburg port and several protests in other European nations. Due to declining energy prices balancing increased upstream crude oil prices brought on by the sanctions against Russian imports, the European market had a moderate supply of Coal. Across EU nations, the decline in Coal was not consistent. The largest annual decline in coal consumption was recorded in Germany and Poland, but increases were also recorded in Italy, Finland, and Hungary.

ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.

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