ChemAnalyst

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.

During Q1 2023, the US market experienced a decline in the Calcium Chloride Prices, which was attributed to weakened demand from downstream industries, such as the construction industry. The shortage of labor in the USA played a significant role in this price decline, as it had a direct impact on the construction sector, leading to a reduction in demand for construction products. In January, February, and March, the value of Calcium Chloride decreased by around 7%, 5%, and 3%, respectively. The decline in prices during the first two months of the quarter was primarily due to a decrease in fee

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 f

Azithromycin Price displayed stable market dynamics throughout the first quarter of 2023. With the start of Q1 2023, prices were recorded to increase stably, supported by sustained purchases from the pharmaceutical end-user industry and merchant stocks to meet demand. Also, the ease of trade disruption supported the Azithromycin market trend. With an average quarterly inclination of 0.40%, the settlement price of Azithromycin API was recorded at USD 103750/MT CFR Houston. Enough inventories among the merchants and the domestic suppliers kept the market situation firm. With stable production c

In the US market, the Stainless Steel CR Coil prices showcased a downswing in the price momentum in the first quarter of 2023 owing to the falling raw material prices amidst the reduced buying sentiments. The number of stocks available in the spot market increased significantly in January. In February, certain Stainless-Steel products saw an increase in imports as high US prices made lower-cost imports more appealing. Companies in Europe and the US frequently rely on imports from Asia to meet their needs, as mills in these regions are often uninterested in large-scale production of grades. Se

In the fourth quarter of 2022, the North American market witnessed seesaw sentiments for Aspirin due to fluctuating demand from downstream pharmaceutical industries. The Aspirin Prices in the US market surged until November and were assessed at USD 5705/MT but scaled down slightly to USD 5525/MT in December. Supply chain disruptions from a major exporting country, mainly China, were noted due to the Golden week vacation in the first week of October and later Covid restrictions. However, demand from downstream pharmaceutical industries has been strong owing to limited inventories, encouraging

In the third quarter of 2022, the Lincomycin Hydrochloride Pricing in North America showed a downward trend. However, throughout the first half of the quarter, the domestic market had an adequate supply of inventories to fulfill domestic demand from the end-user industries. Due to the heat wave and power shortage, several industrial facilities in China were forced to close during H2 of Q3. Several API manufacturing sites were under maintenance, negatively affecting US trade. Several businesses and industries blamed various factors for the drop in demand in the US, including the lasting effect

In Q3 2022, Steel Plate price followed the downfall trend in the North American market amid rising signs of a recession and weakening manufacturing indicators. Throughout the quarter, the manufacturing units faced a larger demand-supply gap between the HRC and plate, leading to a price drop for Steel Plate. Steel plate prices kept declining, as steel manufacturing firm Nucor reduced its plate prices in the mid-quarter. In addition, lead times increased from 3-5 weeks to 5-6 weeks. Many buyers refuse to make purchases that would increase their inventories, preferring to keep stocks tight rathe

The data shows that VAE Redispersible Powder Prices has maintained stability with a marginal hike of fluctuation throughout the third quarter of 2022 in the USA, owing to prolonged inflationary pressure and fluctuating input expenses. However, demand fundamentals for the product declined in the regional market due to a steep fall in construction activities in the country. However, the country's producer price index has eased by the first week of July 2022, primarily driven by declined prices of lumber and concrete in the regional market. Furthermore, prices rose marginally during July and kep

Even though Ammonia and Diammonium Phosphate (DAP) prices have decreased since spring, fertilizer prices are currently higher than they were a year ago.

Neon Gas Prices in the US market increased throughout the second quarter of 2022 due to the high demand for electronic chip manufacturing. The supply of neon gas was highly disrupted when Russia began its invasion of Ukraine. The supply scenario did not improve during the entire second quarter of 2022, leading to price hikes of Neon gas in the US. Ukraine exported 90% of highly purified Neon gas to the US, which is used in Chip manufacturing. In the Neon Gas market, a slight imbalance between the demand and supply will increase the commodity's price due to consumers' over-hoarding and boardin