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Complete Demolition Solutions in Orlando: From Start to Finish

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Ganesh Kumar's Blog – September 2023 Archive (60)

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Coconut Oil (Copra Oil) Prices: During the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023



North America:



During the second quarter of 2023, Coconut Oil prices in North America mirrored the trends observed in the European market. The price of Coconut Oil experienced a decline from the first quarter to the second quarter, indicating an ongoing weak market sentiment. This price decrease was primarily attributed to the abundant Coconut Oil inventories in North America, coupled with a surplus in supply. Furthermore, the suspension of… Continue

Added by Ganesh Kumar on September 13, 2023 at 7:41am — No Comments

Vitamin B12 Prices Trend in the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023



North America:



The Vitamin B12 (Cyanocobalamin) market in North America exhibited a rising price trend during the second quarter of 2023. Price negotiations for CFR Los Angeles surged from $1,830,500 per metric ton to $1,870,900 per metric ton between April '23 and June '23, marking a significant increase of 2.2% over the quarter. This uptick in prices was propelled by a notable surge in demand for Vitamin B12 across the nation,… Continue

Added by Ganesh Kumar on September 13, 2023 at 7:09am — No Comments

Vitamin D (Calciferol) Prices: In the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023



North America:



Throughout the second quarter of 2023, the Vitamin D market in North America witnessed a decline in prices. The FOB New Jersey prices dropped from $16,000 per metric tonne in April to $15,650 per metric tonne in June 2023, marking a quarter-over-quarter decrease of -2.1%. This decline was primarily attributed to cautious stocking practices within the pharmaceutical and nutraceutical industries, resulting in reduced demand for… Continue

Added by Ganesh Kumar on September 13, 2023 at 6:34am — No Comments

Levofloxacin Hemihydrate Prices: During the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023

North America:

In the United States, Levofloxacin Hemihydrate prices saw a 1.70 percent increase in June compared to April. The US manufacturing PMI (Purchasing Managers Index) declined to 46.3 in June, down from 48.4 in May and 47.1 in April. This indicated limited inventories among market suppliers and traders, coupled with supplier delivery delays to meet consumer demand, which bolstered Levofloxacin Hemihydrate prices. Additionally, growing…

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Added by Ganesh Kumar on September 13, 2023 at 5:50am — No Comments

Biotin (Vitamin B7) Prices, Trend in the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023





North America



In the United States, the prices of Biotin demonstrated a mixed trend in the second quarter. The prices increased by 4.59% in April due to heavy orders from end-user industries and a lack of supply of Biotin in the US market. The manufacturing PMI (Purchasing managers index) settled at 47.1 in April, reflecting the contraction of the manufacturing sector in the USA. The decline in business activity led to limited supply… Continue

Added by Ganesh Kumar on September 12, 2023 at 7:28am — No Comments

Steel Rebar Prices: During the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023

North America:

Steel Rebar prices exhibited a mixed trend in the second quarter within the US spot market, influenced by a declining economy and reduced construction activity that exerted downward pressure on prices. In the latter half of the quarter, the US financial market encountered a debt crisis following the failure of several banks, resulting in an economic downturn. The construction sector experienced a decline due to labor shortages and…

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Added by Ganesh Kumar on September 12, 2023 at 6:41am — No Comments

Barite Prices Trend: During the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023



North America:



The price of Barite in the USA saw a decline in the second quarter of 2023, influenced by several factors, including the deteriorating economic conditions, rising inflation rate, and a debt crisis. The downfall of major banks across the USA triggered a debt crisis that had adverse effects on the Barite market. Simultaneously, the ongoing trade tensions between the USA and China disrupted supply chains, leading to reduced… Continue

Added by Ganesh Kumar on September 11, 2023 at 8:17am — No Comments

Germanium Prices Trend: During the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023



North America:



In the second quarter of 2023, the price of Germanium in the United States experienced a decline, influenced by several factors, including deteriorating economic conditions and a slowdown in the downstream automotive and semiconductor industries. The US government faced economic challenges in June, triggered by the failure of several banks across the country, leading to a debt crisis. Rapidly rising inflation rates prompted… Continue

Added by Ganesh Kumar on September 11, 2023 at 7:00am — No Comments

Chequered Plate Prices Trend: During the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023

North America:

The declining state of the economy was the primary driver behind the decrease in Chequered Plates prices. The second quarter witnessed a downturn in the US economy due to the widespread failure of major banks, triggering a debt crisis. Rising interest rates and inflation cast a negative shadow on the market sentiment. The weakened economy eroded consumers' purchasing power and led to higher levels of local Stainless Steel…

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Added by Ganesh Kumar on September 11, 2023 at 6:07am — No Comments

Melatonin Prices: In the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023



North America:



In the second quarter of 2023, the Melatonin market in North America witnessed a significant price decline. Prices for FOB New York plummeted from $132,200 per metric tonne to $115,000 per metric tonne between April and June, marking a 13% decrease over the quarter. The primary driver behind this substantial price drop was the sharp decrease in Melatonin demand from downstream industries in the US, primarily due to regional… Continue

Added by Ganesh Kumar on September 8, 2023 at 2:56am — No Comments

Urea Prices: In the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023



North America



In the second quarter of 2023, the North American Urea market witnessed prevailing pessimistic sentiments. The decline in Urea prices was primarily attributed to the diminishing prices of its feedstock, Ammonia, and upstream Natural Gas. According to data from the US Bureau of Labor and Statistics, the Natural Gas Index registered a 2.6% decrease in the month, marking the fourth consecutive decline. Low water levels in the… Continue

Added by Ganesh Kumar on September 8, 2023 at 2:24am — No Comments

Magnesium Sulphate Prices, Price, News and Forecast | ChemAnalyst

For the Quarter Ending June 2023



North America:



During the second quarter of 2023, Magnesium Sulphate prices in North America experienced a bearish trend. Initially, the strengthening of the US dollar led to a decrease in the import prices of MgSO4. Prices remained stable but saw a slight decline due to moderate demand and rising labor costs caused by labor shortages resulting from a regional economic recession. Additionally, the demand for MgSO4 fell during the quarter,… Continue

Added by Ganesh Kumar on September 8, 2023 at 2:00am — No Comments

Stainless Steel HR Coil Prices: In the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023

North America

During the second quarter, the price of Stainless-Steel HR Coil in North America experienced a decline, primarily attributed to the deteriorating economic conditions. The USA's economy saw a downturn as major banks faced crises, leading to a debt crisis. The combination of rising inflation rates and increased interest rates cast a pessimistic shadow over the market sentiment. Consequently, the weakened economic state reduced…

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Added by Ganesh Kumar on September 7, 2023 at 6:36am — No Comments

Galvanized Plain Sheet Prices: During the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023



North America:



In June 2023, the US spot market for Galvanized Plain Sheet witnessed an overall price decline, primarily driven by the deteriorating economic conditions within the country and an increase in inventory levels. At the outset of the second quarter, there was a glimmer of hope as prices remained high in April. However, production cuts were evident in April when Nucor Yamato, a joint venture between US Nucor and Japanese Yamato… Continue

Added by Ganesh Kumar on September 5, 2023 at 6:42am — No Comments

SMO254 Prices: In the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023



North America:



In the second quarter of 2023, the US market for SMO254 Sheets initially saw an increase in prices during April, followed by a downward trend in the latter part of the quarter. The upswing in April can be attributed to the global rise in the cost of the raw material, Nickel, which provided essential cost support for the production of SMO254 Sheets. The Consumer Price Index indicated a strong start to the quarter due to robust… Continue

Added by Ganesh Kumar on September 5, 2023 at 6:00am — No Comments

Cold Rolled Coil Prices Trend in the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023

North America:

During the second quarter of 2023, Cold Rolled Coil (CRC) prices in the United States initially saw an uptick in April before undergoing a subsequent overall decline. In the first month of the quarter, CRC prices in the US spot market rose as local mills maintained a high base price, fostering a positive market sentiment for both domestic and international buyers. Delivery times improved, reducing from 7-9 weeks to 7-8 weeks,…

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Added by Ganesh Kumar on September 5, 2023 at 4:49am — No Comments

Aluminium Wire Prices: In the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023



North America:



In the second quarter of 2023, Aluminium Wire prices in North America experienced a decline driven by uncertain economic conditions and a rising inflation rate. In April, a decrease in Aluminium Wire prices occurred due to reduced demand from the downstream construction industry. Surplus availability of imported Aluminium Wire at lower prices from the overseas market led local mills to lower their offer prices. In May, a debt… Continue

Added by Ganesh Kumar on September 4, 2023 at 7:46am — 1 Comment

Zinc Ingot Prices: During the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023





North America:



In the second quarter of 2023, Zinc Ingot prices in North America experienced a notable decline, primarily driven by reduced demand from the construction and automotive sectors. The construction industry witnessed a slowdown due to seasonal factors, with the arrival of the monsoon affecting construction activities negatively. This decline in construction activity led to decreased demand for Galvanized steel, ultimately… Continue

Added by Ganesh Kumar on September 4, 2023 at 6:56am — No Comments

Resorcinol Prices Trend in the second quarter of 2023 | ChemAnalyst

For the Quarter Ending June 2023

North America:

In the second quarter of 2023, Resorcinol (m-dihydroxybenzene) prices in the US market experienced a significant decline, primarily attributed to erratic fluctuations in supply and demand dynamics. Retail sales saw a decline due to high inflation, with retailers grappling with bloated inventory levels ordered to meet demand surges during the pandemic, despite stagnant consumer demand. Additionally, reduced travel fares added to…

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Added by Ganesh Kumar on September 4, 2023 at 5:58am — No Comments

Procuraverse, 2023: Unveiling the Future of Supply Chain with ChemAnalyst

The first ever edition of Procuraverse will bring together the industry leaders and experts to discuss and address the evolving landscape of global chemical and petrochemical supply chains.

As supply chains are becoming increasingly complex and interconnected, they also face a myriad of challenges that demand attention and initiative from industry stakeholders.

Register now to secure your spot at this must-attend event for supply chain professionals, procurement managers and…

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Added by Ganesh Kumar on September 1, 2023 at 7:37am — No Comments

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