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For the Quarter Ending June 2023   North America   The  Fly Ash market  in the United States experienced a decrease in prices during the second quarter of 2023. This decline was mainly attributed to reduced demand from downstream construction industries, which were wrestled with a shortage of labor and the US bank crises after the failure of Silvergate Bank, Signature Bank, and Silicon Valley Bank (SVB). It disrupted the availability of financing and lending options for construction projects. Construction companies often rely on banks and financial institutions to secure loans and credit lines to fund their projects. SVB's failure led to reduced available credit or tighter lending standards; the construction industry faced challenges in securing the necessary capital for their projects, potentially leading to delays or cancellations of the demand for construction products. The decrease in demand for construction products had a direct impact on Fly Ash prices. In Apri...

For the Quarter Ending June 2023   North America   During the second quarter, the overall  Jet Kerosene market  in the US contracted as compared to the first quarter, which was demand driven. US Jet Kerosene prices were normalizing in the first quarter, including April showing decreasing trend after Russia-Invaded Ukraine. During May, the demand excited to its highest level since December 2019 due to the increasing demand for Oil. Moreover, a sharper-than-expected drop in US gasoline inventories reported by US Energy Information Administration affected the supply chain of Jet Kerosene, resulting in booming prices. The prominent demand for transport fuels boosted the US economy's travel sentiment and influenced the prices to hover around USD 2.238 per gal US Gulf Coast Kerosene during the end of May. However, jet fuel (ATF) rates were cut by 7 percent in June due to softening international oil prices. Volatility in Jet Kerosene prices influenced airline ticket prices ...

For the Quarter Ending June 2023   North America   During the second quarter, the overall  Crude oil market  in the US contracted as compared to the first quarter, which was highly influenced by the volatile market sentiment and changing demand. During the first two weeks of April, Crude oil prices had increased by 3.38% due to induced market sentiments despite having announcement of production cuts by OPEC+ countries. As per the data, the Industrial Production Total Index in the US rose from 102.6 (March) to 103.1 (April) amid economic activities to improve. Afterward, a tight labor market and raised FD rate hampered the demand for Crude oil to remain low throughout the quarter, due to which overall prices decreased after witnessing multiple fluctuations. A significant drop of 11.3% was observed from April to June. The increasing concern over recession in the US has negatively impacted oil prices. A temporary rise in prices was observed in May due to the wildfire in...

For the Quarter Ending June 2023   North America   During the second quarter, the  Triethanolamine market  in the US remained weak as compared to the first quarter. The Triethanolamine market continued to continue to decrease until the third week of May amid a steep fall in feedstock Ammonia and Ethylene Oxide. The 56.5% drop in feedstock prices from April to June was closely related to the markdown prices of Triethanolamine. Additionally, ample product availability and a falling US economy contributed to the slower product demand. As per the data, the Industrial Production Total Index fell from 103.1 (April) to 103 (May), causing trading activities to be low. Despite having soft feedstock prices, the cost of Triethanolamine has climbed amidst rising inflationary pressure on producers due to a minor shortage in the market and marginal improvement in consumer demand to settle at 1326 USD/tonne FOB Texas during the third week of June. Additionally, the application of T...

For the Quarter Ending June 2023   North America   The  PVC prices  followed a downward trajectory in the quarter ending June 2023, backed by the persistently sluggish demand in the region's construction sector. The decrease in sales and profit for the producers reflected the challenging global economic environment, along with macroeconomic factors weighed on the commodity performance this quarter. In the H1 of Q2, supply chain disruptions and inflationary pressures affected the downstream packaging industry. Furthermore, despite production issues faced by major producers, including  Formosa Plastics Corp. USA and Westlake Corp., PVC demand remained muted. The weak demand was primarily attributed to a slowdown in residential construction in the region due to elevated interest rates by the Fed to limit inflation in the United States at the start of Q2. These restrictive financial conditions and inflation has paused the consumer purchasing power in various sector ...

For the Quarter Ending June 2023   North America   The  price of EDC (Ethylene Dichloride)  fell in the second Quarter of 2023, backed by several factors, including weak demand from the PVC manufacturing industry, lower feedstock Ethylene prices, and supply chain disruptions. The slowdown in residential construction in the United States contributed to the decline in EDC demand in the PVC industry. The decrease in sales and profit for the PVC producers, the challenging global economic environment, and macroeconomic factors weighed on the commodity performance this Quarter. In the H1 of Q2, the downstream PVC industry was affected by rising interest rates to limit inflation in the country. Furthermore, despite production issues faced by major producers, including Formosa Plastics Corp. USA and Westlake Corp., PVC demand remained. Conclusively, these restrictive financial conditions and inflation has paused the consumer purchasing power in various sector and influenced ...

For the Quarter Ending June 2023   North America   The  HDPE market  has shown a downward trend throughout Q2 in North America as the demand from downstream packaging and construction industries has been observed to be sluggish. The ample product availability in the market has kept the prices low. Further, the primary reason for unhealthy buying conditions has been the slowdown in the economic conditions post the US banking crisis and persistent inflation with fluctuating market dynamics. Furthermore, upstream Ethylene has also shown a downward trajectory which influenced HDPE prices. The price of HDPE in Mexico in April 2023 was recorded to be USD 1393/MT Blowmolding CFR Veracruz, with a decline of 1%. Similarly, a price decline of 3% and 5% was seen in May and June, respectively, as the prices for HDPE in May reached USD 1349/MT and USD 1284/MT Blowmolding grade CFR Veracruz in June. Furthermore, a plant shut down for feedstock Ethylene was reported as Chevron Phil...

For the Quarter Ending June 2023 North America   The prices of Ammonia showed a downward trajectory throughout Q2. The prices declined by 17.9% in April 2023, 12.9% in May 2023, and 12.8% in June 2023. The key driving factor behind the declining trend of Ammonia in the USA was diminished demand from domestic and international markets. The Ammonia market was mostly oversupplied, coupled with low procurement orders from the end-user market, paving the way for narrowed demand-supply gap. Further, declining demand for Diammonium Phosphate, Ammonium Sulphate, and Mono Ammonium Phosphate fertilizers also supported the price trend. Additionally, imports to other countries like Mexico and Chile remained low during this quarter as the water level in the Mississippi River declined due to heat. As per data from the Federal Reserve of Economic Data, the Consumer Price Index rose from 302.91 in April 2023 to 303.29 in May 2023. However, fluctuations in prices of upstream Natural Gas and Crude O...

For the Quarter Ending June 2023 North America   The prices of  Ammonium Nitrate  have shown a decline in price trend throughout the second quarter. The prices have declined by a margin of 6.7% from April to June. The decline in the price of Ammonium Nitrate was mainly driven by a decline in feedstock Ammonia and Nitric Acid prices and diminished demand from the Nitrogenous fertilizer industry. However, fewer exports to other importing American countries like Canada and Mexico were observed due to low water levels in the Mississippi River, leading to a situation of oversupplies in the country. Ample availability of the material in the inventories coupled with diminished demand from domestic and international markets paved the way for a narrow supply gap in the country, consequently impacting the price. According to the US Bureau of Labor and Statistics, the Natural Gas Index decreased by 2.6% monthly. This was the fourth consecutive in that index. However, as the Federal ...

For the Quarter Ending June 2023 North America   The  Epichlorohydrin (ECH) market  in the United States observed a decrease in its prices during the second quarter of 2023. This decline was mainly attributed to the reduced feedstock Propylene cost and increased production of raw glycerine. During this period, the price of feedstock Propylene decreased by around 18.5%, 12.8%, and 8.5%, respectively. As a result, the price of ECH decreased by approximately 5.5%, 1%, and 3.5% in April, May, and June, respectively. Furthermore, the lower consumption of products in downstream epoxy resin, paints and coatings, automotive, and building and construction sectors drove the market during this period. Moreover, the product supply in the country was high, and no shortage of material was noticed during this quarter. Moreover, the labor shortage in the USA and the US bank crises after the failure of Silvergate Bank, Signature Bank, and Silicon Valley Bank (SVB) disrupted the availabili...