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 uncerta
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During Q1 2023, Mineral Turpentine Oil Prices kept on fluctuating in the North American market, where demand fundamentals remained low from the domestic downstream sectors, and prices were primarily driven by orders from the international market. Data reveals that the downstream industries like automotive, paints, and adhesives showed some improvement by the end of the quarter but remained below expectations due to prolonged inflationary pressure. Furthermore, the FED's frequent price revisions on domestic interest rates were contributing to concerns about the country's economy and affecting
The first quarter of 2023 proved to be a turbulent time for the US market's Alkyl Amine prices. Mixed sentiments were observed as the price of the product experienced fluctuations. In the initial month of the quarter, the price increased due to a scarcity of supply in the country. However, the demand from the downstream agriculture sector and polymer industry was commendable. In February, the price remained stable due to a balance between the demand and supply in the US market. Unfortunately, March saw a decline in the price of Alkyl Amine. The decrease was in line with the trend of its feeds
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 final quarter of 2022, Copper Wire prices showcased a rising trend in the North American market owing to the rising interest rates and inflationary pressure. Copper prices fluctuated due to fears of a global recession as inflation in North America reached double digits in Q4. In October, the supply outlook remained bleak, as lower prices were insufficient to stimulate new manufacturing investment. Copper prices rose in the middle of the fourth quarter as investors proclaimed that central banks would slow the pace of interest rate hikes. Smelter transactions, on the other hand, increase
The Penicillin G Sodium market started on a positive attitude and ended on a weaker side within the North American region during the final quarter of 2022. The increased end-user demand from the pharmaceutical sector and a lack of supply from the providers have immensely contributed upsurged Penicillin G Sodium Prices in the United States. Additionally, the geopolitical tension between Russia-Ukraine, healthy consumer interest, and protracted supply disruption have further aided this price enhancement in the US. However, following mid-q4, Supply chain disruption decreased rapidly over the six
Towards the closure of Q4, the Stainless Steel Round Bar prices showcased a declining trend in the US market owing to the higher inventory level and limited downstream demand outlook. In October, the downstream buyers remain observant of drawing down inventories across all products through the end of the year. With falling scrap prices, mills had tried to remain competitive with import offers as downstream demand from new projects had not warranted additional spot buys or bookings of more significant imports, along with rising financing costs. Participants in the US Stainless Steel market wer
The North American Atenolol Prices witnessed turbulence during the fourth quarter of 2022. Due to high manufacturing costs, numerous logistical challenges, and increasing inflation, prices started to rise in Q4 2022 and continued to do so throughout the second month of the fourth quarter, with values accessed at USD 47650/MT CFR New York. Rising transportation costs and port congestion at the main ports also helped to keep the market situation positive. In addition, the market situation improved due to the decrease in API output driven by higher energy prices. Later in December, prices starte
Slowed demand amidst ample product availability fluctuated the Silica Price in the US market during October. However, inflation remained a matter of concern. Product availability remained ample enough to satisfy the overall need of the country as well as the regional market. A smooth flow of cargo was observed with no sign of disturbances. A marginal fall in demand from the silicate manufacturers has been observed while regular buyers kept on purchasing cargo. Furthermore, for the rest of the month of Q4 2022, prices remained unchanged at USD 52/MT.
The Ivermectin Prices showcased contracting behavior in the North American region. At the onset of Q3 2022, the costs decreased due to ease in the pandemic situation in exporting countries following the resumption of production units. Equilibrium between the supply and demand side of the market held the cost of Ivermectin on the lower side. Furthermore, resumption in import and export activities kept the market sentiments at ease. Weak market sentiments from the pharmaceutical sector compelled domestic merchants to lower their quotations to encourage more end-user enquires. The values accesse
Recently an improvement in the consumption levels of Polyether polyol has been seen in Europe's manufacturing sector due to firmness in the orders of Polyurethane foam from domestic furnishing mills.
During the second quarter of 2022, the Diesel Pricing in the North American region observed a constant gyration in the market trajectory amidst the fluctuating Crude Oil market on a global scale. Since the sanctions imposed on Russia by the U.S. and the E.U., Several nations have decided to restrategize to source Crude Oil from other means. Therefore, several northeast Asia players were observed to lean toward the US WTI crude supplies, and in response, the prices for the WTI have soared to historic highs during the second quarter of 2022. This gyration in the upstream energy cycle has impact