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For the Quarter Ending September 2023   North America During the third quarter,  Glyoxylic Acid prices  in the North American region experienced mixed sentiments. Although there was an initial increase in prices, a marginal decline of 1.2% occurred in August and September 2023. The rising cost of essential feedstock Nitric Acid, a key component of Glyoxylic Acid, along with tight supply and strong demand from domestic and international markets, exerted upward pressure on prices. July saw heightened demand from the domestic cosmetics sector in the USA, but subsequent months witnessed subdued domestic demand. However, robust performance in downstream industries, especially in India and China during festive seasons, maintained international demand. Drought conditions and low water levels in the Panama Canal in August 2023 led to delayed exports and stockpiled inventories, ultimately easing the product's price within the country. Additionally, amidst inflationary pressure and...

For the Quarter Ending September 2023   North America In the third quarter of 2023, the  V inyl Chloride Monomer (VCM) market  in North America faced a significant price decline. This was driven by weakened international demand, an excess of stock, and a consistent decrease in offers during the initial half of the quarter. The sluggish overseas buying interest and subdued local market activity contributed to this trend. The decline in North American VCM prices was further aggravated by plant shutdowns in downstream PVC-producing units in August 2023. The reduced offtakes for VCM in Asian markets played a crucial role in shaping the negative market outlook for the US VCM price momentum. Industry insiders responded by reducing production run rates to address abundant supplies and buyer reluctance. In September 2023, the US VCM market continued to face challenges due to lackluster international sales and product oversupply. Traders resorted to selling below producer price le...

For the Quarter Ending September 2023   North America In the quarter ending September 2023,  Polyvinyl Chloride (PVC) prices  in North America showed positive momentum, predominantly influenced by limited stock availability. August 2023 witnessed a notable supply squeeze in the United States PVC market due to planned shutdowns and maintenance at major PVC plants. This resulted in a price hike, sparking concerns about volatility. Key players affected included Formosa Plastics, whose 753,000 MT/yr capacity plant in Texas closed for maintenance in August, and another 536,000 MT/yr unit in Louisiana underwent maintenance in September. Westlake Chemical Corporate also temporarily closed its 725,747 MT/yr VCM plant in Louisiana in September, impacting downstream PVC production. Shintech, a major PVC producer, planned a shutdown of its 890,000 MT/yr unit in October for maintenance. Despite disruptions, September 2023 PVC prices stabilized towards the quarter's end due to reduced...

For the Quarter Ending September 2023   North America: During the quarter ending in September 2023, the  EDC marke t  in North America experienced a notable price decline, attributed to weakened international demand and an oversupply of stock. The initial half of the quarter witnessed a steady decrease in offers, driven by subdued overseas buying interest and subdued local market activity. Plant shutdowns in downstream PVC-producing units during August further intensified the decline in North American EDC prices. The fading PVC industry offtakes in Asian markets were the main contributors to this pessimistic outlook. Industry insiders simultaneously reduced production run rates in response to ample supplies in the US market and buyer reluctance anticipating further price drops. In September 2023, the US EDC market continued to be hindered by lackluster international sales and an oversupply of the product. Traders resorted to selling below producer price levels, compounded...

For the Quarter Ending September 2023 North America In the third quarter of 2023, the  monoethylene glycol (MEG) market  in North America witnessed a downturn. This decline was driven by diminished demand from downstream sectors such as Polyester, Polyethylene Terephthalate (PET), and a negative shift in consumer sentiments. The reduction in export orders, influenced by high inflation impacting consumer confidence, led to decreased consumer spending. Additionally, disruptions in MEG supply in the US market were noted due to a tight labor market. Despite these challenges, the decreased demand from downstream sectors did not cause significant disruptions in the overall supply chain. Available inventories exerted downward pressure on commodity prices, as manufacturers sold their products with slim profit margins. Moreover, the Producer Price Index (PPI) for August reported by the US Bureau of Labor Statistics indicated a decline, signaling a perception among producers that commod...

For the Quarter Ending September 2023 North America In the third quarter of 2023, the  Hydrochloric Acid market  in North America witnessed a mixed trend. The initial part of the quarter was characterized by stability, driven by modest demand from the household cleaning sector, while reduced consumption in the steel industry dampened overall demand. Downward pressure on the US steel market was further exacerbated by limited export orders. Despite these challenges, inventory levels remained steady throughout the month. Companies, however, continued to reduce backlogs and deplete finished product stocks. The market shifted in the second part of Q3, experiencing a slight increase in overall demand from downstream industries. Businesses cited a shortage of drivers hindering delivery time improvements. Production and supply disruptions in the US market, influenced by tight labor market conditions, led to a marginal rise in Hydrochloric Acid prices by the quarter's end. The US const...

For the Quarter Ending September 2023 North America The  Diethylene Glycol market  in North America experienced price volatility during the third quarter of 2023, influenced by diminished consumption in downstream industries. Lackluster demand for polyester resin and plasticizer characterized the first half of the quarter, weakening the Diethylene Glycol market. However, in the latter part of the quarter, there was a surge in Diethylene Glycol market activity. This was prompted by the U.S. Bureau of Labor Statistics announcing a 3.7% annual increase in the Consumer Price Index in August 2023, impacting various industries, including Diethylene Glycol. Rising expenses, attributed to increased production costs in the Diethylene Glycol sector, resulted from challenges in the production process and a spike in crude oil prices. Weather-related uncertainties, notably Hurricane Idalia, also played a role. Reduced production activities led to a DEG shortage, impacting both domestic and...

For the Quarter Ending September 2023 North America: In the third quarter of 2023, the cost of  Sodium Silicate  in North America saw a decline, as reported by ChemAnalyst. The United States manufacturing sector faced persistent challenges during this period, marked by a significant drop in new orders and subdued domestic demand from the construction industry. This challenging business environment resulted in substantial reductions in inventory as companies scaled back their procurement activities. The downstream manufacturing performance remained lackluster, adding constraints to global trade growth. The decrease in new orders can be attributed to prevailing economic conditions, leading customers to exercise caution in entering into new contracts or making purchases. Although there were some inflationary pressures, they remained relatively moderate. Weak demand for Sodium Silicate during this period was primarily due to the absence of fresh orders from potential buyers. With ...

For the Quarter Ending September 2023 North America: In the third quarter of 2023, the cost of  Potassium Silicate  witnessed a downward trajectory, as reported by the ChemAnalyst. The manufacturing sector in the United States encountered persistent challenges during this period, characterized by a notable decrease in new orders and subdued domestic demand from the construction industry. This challenging business environment prompted companies to scale back procurement activities, leading to significant reductions in inventory. Downstream manufacturing performance remained lackluster, further restraining global trade growth. The decline in new orders was a result of prevailing economic conditions, causing customers to exercise caution in entering into new contracts or making purchases. Despite some inflationary pressures, they remained relatively moderate. Weak demand for Potassium Silicate in this period was primarily due to the absence of fresh orders from potential buyers. ...

For the Quarter Ending September 2023 North America In the third quarter of 2023, the United States witnessed a notable decline in  Vitamin C prices , as CFR values dropped from $3750/mt to $3490/mt between July and September. This decline marked a challenging conclusion to the quarter, primarily attributed to significantly reduced end-user demand and an abundant supply available to meet the overall demand in the US vitamin C market. Throughout the quarter, the Federal Reserve expressed ongoing concerns about the country's economic development, hinting at potential inflationary pressures. A report indicated that the US manufacturing sector contracted in July for the ninth consecutive month, with companies scaling back staff and output in response to dwindling new orders. The demand for nutraceuticals, particularly Vitamin C, from overseas also decreased substantially in the latter half of Q3, owing to the ample supply from domestic sources. With Federal Reserve assistance, states p...

For the Quarter Ending September 2023 North America In the third quarter of 2023, the North American  Palm Oil market   closely followed trends in the APAC region, maintaining an optimistic trajectory. The region experienced consistently positive prices, fueled by increased demand in the downstream sector and heightened inquiries from the local market. Notably, a substantial reduction in inventory levels contributed to strong purchasing sentiments. Furthermore, transportation costs to the United States saw a significant increase during this period, sustaining an upward market sentiment. The continuous rise in both local and global demands played a pivotal role in boosting oil prices. In terms of logistics, overall logistics costs surged by 18.6 points, reaching a reading of 175.3 in August. This surge was primarily attributed to inventory expenses, driven by factors such as limited storage capacity and restocking efforts at major corporations. Restocking initiatives at larger ...

For the Quarter Ending September 2023 North America In the North American region,  Palm Kernel Oil (PKO) prices  exhibited a volatile market trend. Initially, at the onset of the third quarter of 2023, prices experienced an upswing despite moderate import activities and limited supplies from major exporters, notably Malaysia, a significant player in Palm Kernel Oil production. This disruption influenced the overall market trend until April 2023. As the third quarter progressed, prices globally underwent a significant decline due to sluggish regional trade activities and increased inventories in warehouses. Domestically, demand consistently decreased. Despite the Midwest's heatwave and drought potentially impacting Mississippi River levels crucial for US Palm Kernel Oil exports, the USDA maintained its import projection of about 25 million bushels. Similarly, exports remained unchanged for the month. Additionally, the FAO Vegetable Oil Price Index averaged 120.9 points in Septe...