Chemical Price | Prices | Pricing | Monitoring | ChemAnalyst

For the Quarter Ending September 2023 North America In the third quarter,  Tallow oil prices  in the USA market exhibited a varied and fluctuating trend. The decline in prices during July was attributed to reduced sales and inquiries for new orders from end-user industries. Government data on inflation for July revealed a 3.2% increase in consumer prices over June, following a 3% annual growth rate in June, the lowest in over two years. To curb inflation, the Federal Reserve raised its benchmark rate 11 times in July by 25 basis points, impacting overall market demand. However, Tallow oil prices surged in August due to supply shortages amid heightened demand from end-users. Disruptions in the global supply chain and high oil prices also influenced the market, contributing to the upward price trend. September saw Tallow oil prices fall as new orders declined for the sixth consecutive month, amidst rising inflation, mainly driven by increased gas and rental prices, putting addit...