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For the Quarter Ending June 2023 North America In the second quarter of 2023,  Trisodium Phosphate prices  in the US market remained subdued, influenced by weak feedstock prices and moderate demand. Global economic challenges, including mounting inflationary pressure and tightened monetary policies with rising interest rates to counter inflation, have impacted consumers. Oversupplies of feedstock Phosphoric acid have constrained the positive development of Trisodium Phosphate domestically. Demand from the downstream detergent and water treatment industry, both domestically and internationally, has stayed steady, and market transactions were primarily on a need-on-demand basis. Operating rates in manufacturing firms remained stable, and inventories were sufficient to meet overall downstream demand, further affecting Trisodium Phosphate prices. Additionally, the US manufacturing purchasing manager’s index indicated a contraction in industrial and manufacturing activities, droppi...

For the Quarter Ending June 2023 North America In the second quarter of 2023, the prices of  natural gas  exhibited a fluctuating sentiment. April witnessed a moderation in trend, with prices decreasing by 11.18 percent compared to the previous quarter. This decline was attributed to reduced power demand in the industrial sector, influenced by the US Federal Reserve's decision to raise interest rates in late March 2023 to counter inflation. Market inquiries revealed that consumer sentiments remained subdued, and industries operated at reduced capacity. However, May and June saw a bullish trend in natural gas prices. Increased demand from the industrial sector, coupled with improved consumer sentiments as inflation abated, contributed to this upswing. Downstream demand for cooling also played a positive role. By the end of June 2023, there was an 11.8 percent increase in prices compared to April. Additionally, LNG exports to Europe had a positive impact on regional natural gas ...

For the Quarter Ending June 2023 North America In the second quarter of 2023, the United States experienced initial growth in the  Stainless Steel Round Bar  market during April, followed by a subsequent decline in the latter half of the quarter. The upswing in the global price of raw material nickel in April provided essential cost support for the production of stainless-steel round bars. Strong purchasing activity at the beginning of the quarter resulted in a higher consumer price index, indicating a promising start to Q2. Robust domestic forward demand contributed to a sustained consumption rate. The service sector witnessed significant growth, allowing for service offerings at elevated bid prices, driven by increased market demand. However, in the latter part of the second quarter, prices experienced a slight decrease, primarily attributed to a debt crisis and rising inflation. The stable economic structure of the United States unraveled, leading to a pessimistic market si...

For the Quarter Ending June 2023 North America In the second quarter of 2023, the US  Copper Rod  exhibited a steady price trajectory, influenced by macroeconomic factors contributing to stability. Early in the quarter, a noticeable price increase occurred following an unexpected drop in the US producer price index, alleviating downward pressure stemming from copper rod production. Supply and demand remained balanced, signaling that the US government, in the final stages of raising interest rates, intended to cut them in the ensuing weeks. However, the market situation sharply deteriorated in the latter half of the quarter, reversing the earlier price surge. The US government found itself in a challenging financial situation, with the collapse of major US banks leading to a debt crisis in the US spot market. Buyers adopted a cautious approach, focusing on demand-driven purchases, while infrastructure development and the carbon removal impact of factory electrification sustaine...

For the Quarter Ending June 2023 North America The price of  copper wire  in the US experienced a stagnant trend in the second quarter of 2023. Macroeconomic factors played a significant role in maintaining its stability. At the beginning of Q2, there was an unexpected decline in the Producer Price Index in the USA, which alleviated some downward pressure on copper wire manufacturing and caused prices to rise. The supply-demand rate remained stable, indicating that the US government was nearing the end phase of an interest rate hike and would decrease it in the coming weeks. However, market conditions deteriorated in the latter half of the quarter due to a debt crisis caused by the downfall of several major banks. As a result, buyers adopted a wait-and-watch approach, and purchasing rates were solely based on demand. Despite this, the consumption rate of copper wire remained steady across the German spot market due to downstream infrastructural development and the growing elec...

For the Quarter Ending June 2023 North America During the second quarter of 2023, the US  copper plate market  experienced a period of price stability, influenced by macroeconomic factors. Initially, there was a rise in prices due to an unexpected decline in the Producer Price Index in the USA, relieving some downward pressure on copper plate manufacturing. The supply and demand rate remained stable, indicating that the US government was nearing the end of an interest rate hike phase and planning to decrease rates in the coming weeks. However, market conditions in the latter half of the second quarter took a drastic downturn. The US government faced an economic crisis as several major banks across the country faltered, leading to a debt crisis in the spot market. Buyers became cautious, adopting a wait-and-watch approach, and purchasing rates were primarily based on immediate demand. Despite this, the consumption rate for copper plate remained stable in the German spot market ...

For the Quarter Ending June 2023 North America The price of  graphite  in the US spot market during the second quarter has seen a mixed trend. At the beginning of the quarter, there was a decline in demand for graphite electrodes from end users as inventory levels remained high. The US government faced economic challenges due to the downfall of major banks, which resulted in a debt crisis in the spot market. As a result, the weakening economy negatively impacted the consumption of graphite, with the demand from the downstream electrode manufacturing industry remaining low as steelmaking activities slowed down in local steel mills. Additionally, the price difference between locally manufactured ultra-high power (UHP) and high power (HP) electrodes narrowed compared to foreign-manufactured electrodes, leading to increased competition from overseas markets. Major market players noted a reduction in destocking rates as they already had sufficient supply. This lack of urgency among...