SMO254 Prices: In the second quarter of 2023 | ChemAnalyst
For the Quarter Ending June 2023 North America: In the second quarter of 2023, the US market for SMO254 Sheets initially saw an increase in prices during April, followed by a downward trend in the latter part of the quarter. The upswing in April can be attributed to the global rise in the cost of the raw material, Nickel, which provided essential cost support for the production of SMO254 Sheets. The Consumer Price Index indicated a strong start to the quarter due to robust purchasing activity, signaling a positive economic beginning. High domestic demand in various downstream sectors maintained healthy consumption rates. The service sector experienced significant growth, allowing them to offer their services at higher prices due to increased market demand. However, in the second half of the quarter, prices began to decline, mainly due to concerns over a debt crisis and rising inflation rates. The stable US economic structure faced challenges, leading to a pessimistic market ...