Chemical Market Research Report

    In the North American market, Biodiesel prices experienced a significant decline in the third quarter of 2023, concluding in September. The decrease in prices was attributed to weak demand from the downstream transportation and industrial heating sectors, coupled with ample existing inventories in storage units that met the low demand without the need for fresh stocks. The subdued demand compelled suppliers to maintain their prices and engage in negotiations, offering discounts on bulk purchases. Simultaneously, the upstream palm oil sector also witnessed a downward price trend, contributing to a reduction in the production cost of the commodity. Buyers were advised to stay vigilant and closely monitor market conditions to ensure they secured sufficient supplies of Biodiesel. In response to the low domestic demand, producers lowered the production rate of the commodity, operating plants cautiously with the end users' demand in mind. Furthermore, trading activities were s...

The cost of Linear Alkyl Benzene(LAB) price underwent a gradual recovery in the North American region during the quarter ending in September 2023. Contributing factors to this positive trend included a slow but steady increase in the downstream sector and a rise in export orders. At the onset of the quarter, high inflation dampened consumer sentiments, leading to tightened financial conditions and a reduction in consumer spending in the downstream market. In contrast, the LAB prices in the American market were influenced by high global crude oil values, particularly evident in September 2023. A substantial increase in LAB prices was noted, driven by heightened export inquiries and the elevated global crude oil value. The prices of the raw material benzene remained elevated, continuously rising throughout the latter half of the quarter, thereby increasing production costs for the commodity. Meanwhile, the country's downstream surfactant market maintained a moderate pace, with domes...

During the third quarter of 2023, Carbon Black prices in the USA experienced dynamic fluctuations throughout the entire period. The initial and concluding months saw an upswing in prices, while a decline was observed in the second month. These price variations were predominantly influenced by changes in downstream demand, feedstock prices, and seasonal factors. The quarter commenced in July with a notable uptick in Carbon Black prices, driven significantly by heightened demand from the construction and tire industries, resulting in an overall increase in prices. August witnessed a further rise in Carbon Black prices, primarily attributed to the increasing demand from downstream industries. Additionally, the ascending cost of feedstock, particularly Naphthenic oil, played a pivotal role in contributing to the overall price surge during this month. In September, prices experienced another surge due to various factors, including heightened demand from the tire industry as the winter seas...

LPG Market price in North America exhibited a fluctuating trend during the third quarter of 2023. In the initial half, prices experienced a decline of nearly 6%, primarily attributed to reduced demand during the off-season. This depreciation was exacerbated by major industry players such as Aramco and Sonatrach, who slashed LNG prices in response to the prevailing low demand. However, a noteworthy turnaround occurred in the latter half of the quarter, with prices rebounding by almost 7% in September. This resurgence was driven by a surge in demand for Propane, particularly from Asian markets for Propane Dehydration (PDH) to produce Polypropylene. Concurrently, disruptions in the supply chain were observed, as delays and congestion in the Panama Canal, a crucial trade route for LPG shipments to North America, led to increased transit charges and extended lead times for product delivery. These supply chain challenges contributed to a further uplift in prices during the period. LPG pri...

In Q3 2023, the price trajectory for Naphthalene Price in the US witnessed a bearish price trend in the wake of limited market trades and limited product consumption from the downstream enterprises. The supply of Naphthalene in the USA remains ample to meet the downstream market requirement along with lackluster downstream enterprises. Imports of commodities from Japan to the USA remain feeble this quarter, with a negotiable price trend between the suppliers and buyers. Participation in the Naphthalene markets remained sluggish, and trade volumes were relatively low. Despite the surge in the feedstock coal market, the demand fundamentals from the downstream enterprises remain sluggish, declining the price trend. Operating rates among the enterprises are operated stably with cautiously operating downstream ventures. In Sept, the price of Naphthalene in the USA declined to USD 1876/ton CFR Houston. Oversupply fear hangs over the North American market, and significant players showcase di...