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North America In the North American region, the pricing trend for Stainless-Steel Round Bar varied over the three months in the first quarter of 2023. Initially, there was a stagnancy in the pricing trend for SS Round Bar due to consistent downstream inquiries. However, stocks available in the spot market increased significantly as stainless-steel factories increased product distribution. In February, the rates for SS Round Bar increased by more than 1.2% despite a lack of forward visibility and persistent recessionary concerns that continue to erode buyer confidence in the United States. However, the prices for SS Round Bar declined in March due to fewer spot sales or purchases owing to slow demand amid plentiful inventory available in the domestic market. Furthermore, weak orders from end-user industries were observed as they were wary of purchasing it at offered prices in such a volatile market. Therefore, prices of Stainless Steel Round Bar for Ex Philadelphia settled at USD 7480

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

North America Across the North American region, the Wheat Prices demonstrate a mixed market trend throughout the second quarter of 2023. The prices of Wheat in Canada improved slightly with the start of April, which was a result of a slight increase in domestic inquiries successfully catered by available stockpiles among the local merchants. However, mid of the second quarter again witnessed a significant dip in the prices of Wheat because of a decline in manufacturing activities supported by weakened Raw material prices purchased by manufacturers to produce various products, including Wheat. Moreover, as per May’s trend, the prices for energy and petroleum products fell for a fourth consecutive month in May 2023, leading to the monthly decrease in the IPPI (Industrial Product Price Index). Apart from that, as traders assessed a mixed weather outlook and tepid export demand, the prices for Wheat remained low throughout May with the settlement of USD 324/MT FOB Vancouver in Canada. F

North America The Vitamin B12 Prices displayed mixed sentiments at the beginning of the first quarter of 2023, with prices estimated in January 2023 at $2073350/MT and March 2023 at $2005780/MT CFR California, respectively. Following the previous quarter's market volatility, market participants had anticipated that the choppy waters would continue to hang over the pharmaceutical and nutraceuticals market during the first quarter of 2023. The market dynamics were kept in check by sustained end-user demand and low to moderate inquiries from downstream suppliers. The first half of the quarter was positively influenced by the lifting of the zero-Covid Ban in China in the first week of January as the supply chain and trade continued to strengthen, resulting in a decline in freight costs. Businesses in the US increased employment in January, and wages rose as a result of a sustained severe labor shortage. Because of a downturn in local consumer demand and record high warehouse stockpi

North America Soybean Oil prices in North America followed similar market trends in Europe during Q2 2023 as the prices of soybean Oil continued to drop from the beginning of Q1 2023 until June 2023. This persistent weaker market sentiments for Soybean oil were supported by high soybean oil inventories in the region, ample supply from European buyers, Russia's interruption of the black sea grain trade, which continued to put pressure on the market as exports from Ukraine, one of the main producers, decreased. In addition, there was a hard down move in Crude Oil Prices and sharply lower Russian edible oil and grains offers. This combination was extremely negative for corn, soybean, and wheat prices. In addition, rising interest rates and higher energy prices had a negative impact on import activities as the production in exporting countries was reduced significantly. Furthermore, n significant changes in refinery inventories also impacted the North American soybean oil market sen

North America During Q2 2023, palm oil prices in North America followed the market trends of Asia Pacific. At the start of Q2, palm oil prices increased throughout the region. The main reason for this was the temporary export ban imposed on exporting nations, mainly Indonesia, prior to Ramzan, which impacted the supply of cooking oil in the country. Domestic suppliers and traders, however, were purchasing as much as possible as they feared a shortage. On the other hand, after April, prices decreased significantly and ended Q2 on a negative note. Imports from Indonesia fell during May, but refiners, traders, and suppliers managed to buy more from other nations, including Malaysia. Refiners, traders, and suppliers were able to purchase more palm oil from other countries, including Malaysia. In addition, the earlier decrease in imports and the price correction in June encouraged buyers to buy more palm oil in June. Buyers tend to prefer palm oil as it is more affordable at a lower rate

North America Soybean Oil prices in North America followed similar market trends in Europe during Q2 2023 as the prices of soybean Oil continued to drop from the beginning of Q1 2023 until June 2023. This persistent weaker market sentiments for Soybean oil were supported by high soybean oil inventories in the region, ample supply from European buyers, Russia's interruption of the black sea grain trade, which continued to put pressure on the market as exports from Ukraine, one of the main producers, decreased. In addition, there was a hard down move in Crude Oil Prices and sharply lower Russian edible oil and grains offers. This combination was extremely negative for corn, soybean, and wheat prices. In addition, rising interest rates and higher energy prices had a negative impact on import activities as the production in exporting countries was reduced significantly. Furthermore, n significant changes in refinery inventories also impacted the North American soybean oil market sen

North America In the second quarter of 2023, the US Coal market experienced a bearish trend. In both the first and last month of the quarter, Coal prices declined by approximately 8% and 5.5%, respectively. This price drop was primarily attributed to a surplus of brown Coal Prices in the US market and a low demand from overseas. The ample availability of brown Coal led to downward pressure on prices. Moreover, the mining and exploration sector experienced a boost in activity during April and May 2023, which further contributed to the increased supply of Coal in the country. This surge in mining and exploration was seasonal, adding to the already abundant Coal supply. However, in May 2023, there was a slight recovery in US Coal prices as they increased 3.3% during this month. The stability of demand for Coal from overseas markets, coupled with high demand from the downstream steel and power production industries, contributed to this positive momentum. Notably, the summer season saw t

North America The Vitamin B12 Prices displayed mixed sentiments at the beginning of the first quarter of 2023, with prices estimated in January 2023 at $2073350/MT and March 2023 at $2005780/MT CFR California, respectively. Following the previous quarter's market volatility, market participants had anticipated that the choppy waters would continue to hang over the pharmaceutical and nutraceuticals market during the first quarter of 2023. The market dynamics were kept in check by sustained end-user demand and low to moderate inquiries from downstream suppliers. The first half of the quarter was positively influenced by the lifting of the zero-Covid Ban in China in the first week of January as the supply chain and trade continued to strengthen, resulting in a decline in freight costs. Businesses in the US increased employment in January, and wages rose as a result of a sustained severe labor shortage. Because of a downturn in local consumer demand and record high warehouse stockpi

North America Over the first quarter of 2023, there were fluctuations in the Wheat Prices in North America, and the first month of the quarter saw a fall in prices. Because of the lack of demand and easy access to supplies in the domestic market, Wheat prices have been continuously declining. A decrease in prices is seen in the second month of Q1 as a result of favorable weather in the Northern Hemisphere. The oil and gas industries need for shale gas was also sufficient. In the final month of the quarter, there were enough inventories, and the weather returned to normal, which helped the forecast for output. This has exacerbated the price drop of Wheat in North America. Towards the end of Q1 2023, the price of Wheat was recorded to be USD 340/MT for FOB Chicago (USA) in March 2023. Asia Pacific Wheat prices in the Asia-Pacific area fluctuated in the first quarter of 2023 as a result of concerns about the state of the crops in several significant exporting countries. The price cli

North America In the second quarter of 2023, the Aluminium Sheet prices showed a bullish price trend in the North American market amid the tight supply and increased demand from the downstream automobile industry. In April, the inventory level declined as the production rate decreased in the local Aluminium Sheet manufacturing plants. The feedstock Aluminium price also surged as the consumption from the downstream automotive industry remained on the higher verge in the local and Overseas aluminum industries. As per market players, the downstream automobile sector experienced an uprise as the sales of electric vehicles increased, which led to increased consumption of Aluminium Sheets in the US automotive market. Infrastructural development and the rising dependency on renewable energy concerning lower CO2 emission increased the usage of Aluminium ingot in the US spot market. According to market players, the buyers were placing large orders, and restocking was observed as the US Alumi

North America The Aluminium Wire Prices in the US market rose in the first quarter of 2023 due to increased premium costs amid financial market turmoil. Market players noted that this trend began after a series of smelter curtailments last year and was further fueled by sustained supply issues and rising demand expectations surrounding China's return to the market. Market participants claimed that US premiums were rising to attract more metal, and Western market premiums for aluminium ingots also increased due to speculation of rising Chinese demand. However, the collapse of two US banks and market uncertainty contributed to the first drop in the US Midwest aluminium premium since mid-February. Despite this, market players remained unconcerned about oversupply, as downstream demand was in its peak season, and stockpiles of Aluminium Wire had significantly decreased, despite increased domestic supply and imported inflows. Asia Pacific In Q1 2023, Aluminium Wire prices in China

North America In the second quarter of 2023, the Aluminium Sheet prices showed a bullish price trend in the North American market amid the tight supply and increased demand from the downstream automobile industry. In April, the inventory level declined as the production rate decreased in the local Aluminium Sheet manufacturing plants. The feedstock Aluminium price also surged as the consumption from the downstream automotive industry remained on the higher verge in the local and Overseas aluminum industries. As per market players, the downstream automobile sector experienced an uprise as the sales of electric vehicles increased, which led to increased consumption of Aluminium Sheets in the US automotive market. Infrastructural development and the rising dependency on renewable energy concerning lower CO2 emission increased the usage of Aluminium ingot in the US spot market. According to market players, the buyers were placing large orders, and restocking was observed as the US Alumi

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

North America In the second quarter of 2023, the US Coal market experienced a bearish trend. In both the first and last month of the quarter, Coal prices declined by approximately 8% and 5.5%, respectively. This price drop was primarily attributed to a surplus of brown Coal Prices in the US market and a low demand from overseas. The ample availability of brown Coal led to downward pressure on prices. Moreover, the mining and exploration sector experienced a boost in activity during April and May 2023, which further contributed to the increased supply of Coal in the country. This surge in mining and exploration was seasonal, adding to the already abundant Coal supply. However, in May 2023, there was a slight recovery in US Coal prices as they increased 3.3% during this month. The stability of demand for Coal from overseas markets, coupled with high demand from the downstream steel and power production industries, contributed to this positive momentum. Notably, the summer season saw t

North America North American market kept on battling with domestic issues like the banking crisis, high inflation rate, slow economic activities etc. leading to frequent fluctuations in demand for several commodities, including Glutaraldehyde Prices . As per the data, feedstock formaldehyde prices fluctuated throughout the quarter, compelling prices of downstream derivatives, including Glutaraldehyde. As Glutaraldehyde has a wide number of applications in multiple industries, it is hard to predict the overall demand dynamics of the product, as it varies month over month and industry over the industry. However, the FED's frequent price revisions for domestic interest rates were also contributing to economic worries and impacting demand for the product. Asia The data shows that Asian Glutaraldehyde market fundamentals remained bearish throughout quarter 1 of 2023, owing to ample supplies and a narrow demand-supply gap. The price of Glutaraldehyde 50% FOB Shandong (China) and CFR

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

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