Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending June 2023 North America: Isopentane prices  saw a decline throughout the second quarter, concluding in June 2023. This decline can be attributed to the fluctuating prices of upstream crude oil and weakening demand from the refrigerant market. Additionally, in response to growing global inflationary pressures, the government has raised interest rates significantly within the region, dampening consumer buying enthusiasm. The collapse of two major US banks has further impacted the prevailing price trend. The US Bureau of Labor and Statistics data indicates a decline in exports from the United States to other countries over these three months. The low water level in the Mississippi River due to high temperatures severely affected exports, resulting in increased stockpiled inventories domestically. Coupled with diminishing demand from end-user segments, these factors contributed to narrowed demand-supply dynamics within the country. Moreover, deteriorating economi...