Chemical Market Research Report

During the last quarter of 2023, Phenolic Resin price  in North America showed a downward trend, mainly due to subdued demand from sectors like adhesives and coatings. With adequate material supply domestically, consumer interest remained tepid, prompting a decline in prices. Notably, the USA saw the most pronounced price shifts, with Novolac Phenolic Resin FOB Louisiana settling at USD 3100/MT. In the USA, the trend for Phenolic Resin during this period was bearish, exhibiting a -45% change compared to the same quarter of the previous year and a -33% change from the preceding quarter. The price difference between the first and second half of the quarter in the USA stood at -17%. Weak support from upstream Phenol and Formaldehyde costs primarily drove the price decline throughout the quarter. Furthermore, elevated market inventories, slowed procurement, and consumer destocking of inventories also contributed to the overall bearish sentiment. In summary, Phenolic Resin pricing in No

In the United States, the pricing dynamics of Titanium Dioxide have displayed a volatile pattern. Early in the third quarter, Titanium Dioxide prices experienced a significant decline due to reduced inquiries from the downstream Paints and Coatings sector. Additionally, in response to a sluggish Chinese market, manufacturers lowered prices for importing nations like Thailand, the USA, and Brazil. Concerning production, downstream manufacturing firms faced pressure amid subdued demand from the terminal market. The availability of Titanium Dioxide was adequate to meet demand from the downstream construction and automotive industries. However, in the latter half of the third quarter, Titanium Dioxide prices experienced an upward trend following increased offers from the Chinese markets. According to market participants, the upstream Titanium Concentrate prices rose, contributing to the heightened offers for Titanium Dioxide. Moreover, persistent labor shortages continued to impact the US

In the quarter concluding in September 2023, Soda Ash prices saw an increase in the North American region, driven by growing international demand and a rise in consumption within the glass industry. Compounding this trend were uncertainties in production run rates and supply disruptions caused by Hurricane Idalia, which, in turn, limited stock availability in the middle of the quarter. Additionally, the export prices of Soda Ash in the USA were affected by the rise in output costs amid high energy prices. The Soda Ash market in the US experienced bullishness due to improved international and domestic offers during the week. Consequently, market players faced a shortage of inventories to meet existing offers. From a demand perspective, Soda Ash prices gained strength in the US market, propelled by increased glass consumption in the nation's automotive industry since the beginning of August 2023. As a result, the average month-on-month price of Soda Ash light stood at USD 33/MT Ex-W

    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 sluggi

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

[Delhi, 25 th  Aug]   – The anticipation is mounting as the debut edition of Procuraverse approaches, set to gather visionaries and luminaries from the chemical and petrochemical sectors on [22 nd   Sep]. This groundbreaking event aims to facilitate comprehensive discussions and solutions that navigate the dynamic shifts occurring within global supply chains. Procuraverse 2023: A New Dimension of Supply Chain Deliberations In a world where supply chains have grown intricate and interconnected, the challenges they encounter have become equally intricate and interconnected. Procuraverse, as the premier industry assembly, recognizes this complexity and embraces the opportunity to foster a collaborative environment for professionals and strategists to pioneer solutions to today's most pressing supply chain issues. Join the Vanguard of Supply Chain Expertise This momentous event is designed for supply chain professionals, procurement managers, and strategists who are driven by a commitm

EPDM rubber is a type of synthetic rubber that has versatile utility in a variety of industries and applications. It is often referred to as EPR (ethylene propylene rubber), ethylene-propylene terpolymer or ethylene-propylene diene monomer. The chemical composition of EPDM rubber is comprised of long molecules called polymers interconnected by physical bonds which becomes the base material for this type of elastomer. Read News: https://www.chemanalyst.com/NewsAndDeals/NewsHome One of the key properties that make EPDM rubbers so unique is its excellent resistance to extreme temperatures, providing an ideal material for use in automotive and construction applications. The superior tensile strength and durability makes it an optimal choice for harsh outdoor conditions like being exposed to rain, sleet, snow, ultraviolet rays, ozone and salt water. It offers superior heat resistance compared to other rubbers and can withstand temperatures ranging from -40°C to 120°C. Ideal for outdoor