Chemical Market Research Report

In the current quarter of 2023, the North American Ethanol market has experienced fluctuations driven by several factors. The market has maintained stability with balanced supply and demand. The escalation in upstream corn and energy prices has heightened Ethanol production costs, while destocking and declining freight rates have contributed to price reductions. Additionally, support from the USDA's loans and grants for rural energy development, coupled with increased demand from the downstream biofuel industry, has stimulated a price increase. Notably, the US market has undergone significant price changes, indicating a bearish market sentiment. Track Real Time Ethanol Prices:  https://www.chemanalyst.com/Pricing-data/ethanol-13 The abundant production of corn has primarily contributed to the slight price decrease as upstream prices have softened in the US market. Moreover, global crop production and consumption upticks, alongside increased adoption of distiller's dried grains ...

Carbon Black prices   demonstrated bullish market sentiment in Q4FY23, primarily driven by declining mortgage rates and increased consumer spending. In October, the surge in carbon market prices was largely attributed to the fulfillment of past orders following the conclusion of US Auto Union strikes, which depleted carbon black inventories among major tire suppliers. Concurrently, stable demand for electric vehicles (EVs) further supported this trend. However, energy and crude oil prices began to decline due to ample inventory reserves in the EU for winter and delayed demand for heating oils. This led to deflation in consumer gasoline and electricity prices, while high mortgage rates constrained consumption and restricted private vehicular movements, thus impacting consumer-driven carbon black markets. In November and December, energy prices continued to decrease, mortgage rates dropped, and demand for private vehicular movement increased as consumers showed willingness to spend o...

In Q4 2023, the North American   Base Oil prices   experienced significant fluctuations driven by multiple factors. Initially, the market saw a surge in Base Oil prices during October due to a tight supply and demand balance of Group I and II grades. Subsequently, the impact of price increases in the preceding month reverberated into November, prompting several independent lubricant manufacturers to raise their product prices. Within the Group I segment, a tight spot flow situation emerged due to decreased Base Oil output at certain refineries amidst ongoing turnarounds and unforeseen production issues. However, the US Base Oil market witnessed a notable 2.1% drop as December commenced, following announcements of price reductions by Chevron and Motiva. Concurrently, demand for Base Oil in the downstream lubricant industry dwindled in December as buyers sought to minimize year-end inventories to mitigate tax implications. The Q4 2023 trend for the US Base Oil market fluctuated ...

In the fourth quarter of 2023,  Fluorspar prices  in Mexico exhibited a volatile pattern. Initially, heightened demand from the construction sector and US market inquiries drove the market. Additionally, limited availability of finished Fluorspar stocks further fueled price increases. Mexico experienced a notable impact, with increased inquiries from the construction and Hydrofluoric Acid industries. Fluorspar availability in Mexico met demand from manufacturing firms, yet low operating rates and a year-end slowdown in mining activities escalated supply-side pressures. Subsequently, Fluorspar prices in the Mexican market dropped. Reduced demand from the construction sector contributed to this decline. Furthermore, insufficient inquiries from refrigerant industries during the winter season failed to support price increases. Consequently, suppliers were compelled to lower prices to stimulate demand and clear excess stock. By the end of the quarter, the price of Fluorspar in Mexi...

  During the fourth quarter of 2023,  Aluminium Ingot prices  in North America experienced a downward trend influenced by various factors. Initially, in October, Aluminum Alloy ingot prices in the USA declined due to global macroeconomic pressures, including inflationary trends and construction delays in China. Increased stocks in domestic warehouses compounded the situation, with lower sales further contributing to the downturn. Despite expectations, the Inflation Reduction Act (IRA) failed to stimulate demand, while a UAW strike in the automotive sector dampened demand further, affecting the economic landscape across the country.   In early November, prices rebounded slightly as production shifted south, leading to reduced inventory levels. However, uncertainty loomed as potential federal interest rate hikes led to hesitancy in placing orders. Efforts in recycling partially mitigated consumption, and international cooperation on can-capture equipment initiative...