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For the Quarter Ending June 2023 North America: In the second quarter of 2023, the US  potato starch  market witnessed fluctuations in price and market conditions. The initial two months of the quarter experienced consistent price growth, attributed to intricate supply and demand dynamics. The intensified demand from end-user suppliers created a modest potato starch shortage in domestic warehouses, consequently driving prices higher. Post the termination of the zero-resistance policy against COVID-19, trade between Asia and the United States surged. However, by early June, prices began to decline, marking a significant slowdown in the development of the US potato starch market. The market sentiment grew somber due to declining demand from local downstream industries. Against this backdrop of weakened demand, excessive inventories compelled suppliers to offer products at reduced prices. With falling prices, traders are hesitant to commit to bulk orders, as further price drops a...

For the Quarter Ending June 2023 North America: The US  corn starch  market encountered volatility during the second quarter of 2023. The initial two months of the quarter witnessed consistent price escalation attributed to disruptions in supply and demand dynamics. A moderate shortage of corn starch in domestic warehouses ensued due to heightened demand from end-user suppliers, consequently driving market prices upwards. Following the abolition of the zero-resistance policy against COVID-19, trade between Asia and the United States increased. Moreover, rising production costs of corn starch, fueled by escalating corn and input prices, added to the upward pressure on prices. However, by early June, prices started declining due to weakening demand, leading to surplus inventory and prompting suppliers to implement price reductions. The ongoing economic instability in the US coupled with rising global inflation rates contributed to reduced corn starch demand. Nevertheless, distri...

For the Quarter Ending June 2023 North America: Throughout Q2 2023, rapeseed oil prices in North America mirrored the trends seen in the European market. The downward trajectory of rapeseed oil prices persisted from Q1 2023 until June 2023, signaling an ongoing subdued market sentiment for this oil variant. The market continued to grapple with challenges such as high rapeseed oil stocks in North America, ample supply from European buyers, and Russia's suspension of black sea grain trade. This suspension had a cascading effect on exports from Ukraine, one of the major producers, resulting in reduced supply. Compounded by the sharp decline in crude oil prices and significantly decreased offers for Russian edible oil and grain, the market witnessed a substantial downturn, impacting prices of corn, rapeseed, and other grains. Elevated interest rates and energy prices added to the strain on import activity, especially as production saw notable declines in exporting nations. Furthermore...

For the Quarter Ending June 2023 North America: In June 2023,  Amlodipine besylate prices  experienced a 3.41% drop compared to levels seen in April. The US Manufacturing PMI (Purchasing Managers Index) declined to 46.3 in June from 48.4 in May and 47.1 in April, signaling reduced end consumer purchases. In response to the weakened market demand, traders and suppliers have lowered the price of Amlodipine Besylate to sell off existing inventory and maintain profitability. The Consumer Price Index (CPI), a gauge of inflation, saw a mere 0.2% increase in June, up from 0.1% in May. This reflects a slower pace of inflation in over two years, as the Federal Reserve aggressively raised interest rates to curb inflation. This tighter monetary policy dampened consumer demand, thereby exerting downward pressure on prices. Additionally, the US dollar gained strength against the Chinese yuan during the second quarter, leading to more affordable imports. This influx of active pharmaceutical...

For the Quarter Ending June 2023 North America: Throughout the second quarter, the North American  Ammonium Chloride  market experienced persistent price weakness. The decline was predominantly driven by decreasing prices of feedstock Ammonia and upstream Natural Gas. The US Bureau of Labor and Statistics reported a 2.6% decrease in the Natural Gas Index for the month, marking the fourth consecutive decline in that index. The prevailing trend was further influenced by the global economic slowdown and rising inflation. Buyers hesitated to engage in bulk purchases amidst heightened inflation and increased interest rates, leading traders to adjust prices downward. Additionally, low water levels in the Mississippi River, caused by heat, impacted exports to other countries. Consequently, an oversupply of Ammonium Chloride material was observed in the market. Overall, the Ammonium Chloride market in this quarter retained a bearish stance due to muted buying interest from the end-use...

For the Quarter Ending June 2023 North America: In the US spot market, the  price of Steel Plate  underwent a decline during the second quarter of June 2023, primarily attributed to the country's deteriorating economic landscape and heightened inventory levels. The early stages of the quarter held a glimmer of hope for the Steel Plate market, with prices exhibiting strength in April. However, production cuts were witnessed in April when the joint venture of US-based Nucor and Japanese Yamato Kogyu – Nucor Yamato was temporarily shut down from April 9th to 16th. The Nucor mill's operation curtailment had an impact on Steel Plate prices, with a slight increase attributed to the reduction in lead time from 8-10 hours to 8-9 hours. The latter half of the second quarter saw a decline in prices. Escalating economic uncertainties, stemming from the debt crisis precipitated by the downfall of major US banks, cast a pessimistic sentiment over the US market. Consequently, diminished dem...

For the Quarter Ending June 2023 North America: The pricing trajectory of  EPDM Rubber   in the North American market displayed mixed sentiments throughout the second quarter of 2023. Prices witnessed a decline until May, followed by a recovery and subsequent upswing in June. The initial downward movement stemmed from challenges within the U.S. automobile industry, grappling with rising interest rates and adverse economic conditions, leading to diminished demand for EPDM. Additionally, the stagnant state of the construction sector contributed to the lack of improvement in EPDM Rubber consumption. This decline was further supported by a consistent drop in feedstock Ethylene and Propylene prices. However, the latter part of the quarter witnessed a surge in EPDM Rubber procurement due to the U.S. automotive industry's impressive annual growth of 22.9% in May and over 20% in June. Furthermore, a decline in the U.S. manufacturing Purchasing Managers' Index (PMI) in June to 46.3, do...

For the Quarter Ending June 2023 North America: In the North American region,  Aniline prices  underwent shifts during Quarter 2 of 2023. Initially, the price trend exhibited resilience, leading to marginal price increments driven by elevated cost support from feedstock Benzene and the volatile movements of upstream Crude Oil prices. However, as mid-Q2 approached, cost pressures eased due to the downward trend in upstream prices, coupled with reduced consumption rates brought about by a decline in fuel demand due to rising temperatures. This period also witnessed consistent declines in feedstock Nitric Acid prices, influenced by contracting upstream Ammonia prices and diminished demand from the fertilizer sector. These factors collectively contributed to a decrease in Aniline's production costs. Throughout the mid-quarter phase, the price trend stabilized, supported by moderate supplies from exporters and a rise in container freight expenses. Sluggish demand persisted from dow...

For the Quarter Ending June 2023 North America Throughout the second quarter of 2023, the  Polyacrylamide (PAM)  market in the USA demonstrated overall moderate fundamentals. While the price of PAM remained relatively stable during Q2, a minor decrease of around 0.7% was observed. The initial month of the quarter witnessed heightened demand from international water treatment plants, leading to increased container exports and allowing suppliers to bolster their profit margins. However, May saw a continuous influx of material, leaving buyers cautious due to elevated inventories as demand recovery fell short of expectations. Trading activity for this commodity remained sluggish. Adding to the challenges, May brought a debt crisis triggered by the simultaneous downfall of major banks in the USA. This crisis significantly impacted the marketing landscape and prompted buyers to hold off on substantial orders. June, however, brought stability to the PAM market with moderate supply-de...

For the Quarter Ending June 2023 North America   The US  Hot Rolled Coil   prices showed an overall declining price trend in the second quarter of 2023, despite of increasing price trend in the initial phase of the quarter, i.e., April. In the first month of the second quarter, the price of Hot Rolled Coil inclined in the US spot market as the local mills maintained a high base price that helped in maintaining a positive market sentiment for domestic and overseas buyers. The delivery time was reduced to 7-8 weeks from the previous 7-9 weeks. This led to a decline in the local inventory levels and hiked the price of HRC in the US spot market. Meanwhile, in H2, the market sentiment for the Hot Rolled Coil plunged as the economic instability increased amid the debt crisis caused by the failure of major banks across the USA. The economic condition worsened as the inflation rate rose, and the approval of the we federal reserve hiked the interest rate. The buyers were shying aw...

For the Quarter Ending June 2023 North America In the second quarter of 2023, the market for  Salicylic acid  in the United States experienced fluctuations. During the initial two months of Q2, prices demonstrated a stable increase driven by the dynamic interplay of supply and demand. Following the abandonment of the zero-covid tolerance policy, trade between Asia and the US expanded. With escalating demand from end-user suppliers, there emerged a moderate scarcity of Salicylic acid on the shelves of domestic warehouses, consequently triggering price inflation. However, by the beginning of June, prices began to decline significantly, leading to a substantial downward shift in the trajectory of salicylic acid within the US market. The closing price for Q2 2023 settled at USD 3065 per CFR Houston, reflecting an average quarterly decrease of 5.11%. Notably, due to unusually low purchases from end-user industries, domestic suppliers amassed significant inventories of salicylic aci...

For the Quarter Ending June 2023 North America During the second quarter of 2023, the  Benzoic acid  market in the United States experienced fluctuations. In the initial two months of Q2, prices exhibited a steady increase due to heightened dynamics of supply and demand. The augmented demand from end-user suppliers led to a moderate shortage of Benzoic acid in domestic warehouses, resulting in price inflation. The trade between Asia and the US picked up following the relaxation of the zero-covid tolerance policy. However, by the start of June, prices began to decline significantly, marking a substantial downturn in the US Benzoic acid market trajectory. By the end of Q2 2023, the price settled at USD 1170 per CFR New York, reflecting an average quarterly increase of 1.17%. Sluggish market sentiment prevailed in the US Benzoic acid market due to reduced demand from local downstream industries. Oversupply coupled with weakened demand prompted suppliers to lower prices. Distribut...

For the Quarter Ending June 2023 North America: Triethylene Glycol prices  experienced a decline of nearly 5% during the second quarter of 2023. Despite the overall market being bullish, driven by declining prices of upstream ethylene oxide, the demand from the plasticizers segment remained largely absent among consumers. This was despite a cooling of inflation by approximately 0.6% and an appreciation of the Consumer Price Index (CPI) by over 2 points. The depreciating prices of feedstock ethylene oxide contributed to eased production costs. However, ample production coupled with underutilized demand led to a significant accumulation of inventories. These excess inventories needed to be sold at negotiable prices. Global economic conditions also worsened, resulting in low demand from international buyers. Fortunately, the supply chain remained intact, ensuring a consistent flow of inventory in the region. Demand remained weak both domestically and internationally. By the conclusion...