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Ganesh Kumar's Blog – December 2023 Archive (113)
During the third quarter of 2023, the Tetrasodium EDTA market underwent a notable and favorable transformation.
North America
In the third quarter of 2023, the Tetrasodium EDTA market in North America witnessed a significant devaluation. Prices for Tetrasodium EDTA, based on CFR New York, experienced a notable decline from $2330 per metric ton to $2015 per metric ton throughout the July to September period, marking the close of the quarter. This price fluctuation unmistakably indicated a preference for price reduction, resulting in an… Continue
Added by Ganesh Kumar on December 21, 2023 at 6:04am — No Comments
During the third quarter of 2023, the North American Tricalcium phosphate market
North America
In the third quarter of 2023, the North American Tricalcium phosphate market saw a significant devaluation. From July to September, CFR New York prices for Tricalcium phosphate declined from $1280 to $1280 per metric ton, marking the close of the quarter. This price shift clearly indicated a preference for reducing prices, resulting in an average quarterly decrease of 0.47%. The global Tricalcium phosphate market,… Continue
Added by Ganesh Kumar on December 21, 2023 at 5:38am — No Comments
Potato Starch Prices: Price, Trend, Demand, News, Analysis
North America
In September 2023, Potato Starch Prices gracefully decreased by 1.67%, exhibiting a contrast to July levels. The third quarter saw a decline in business activity in the United States, driven by weakened demand from both local and foreign markets. In August, inflation in the United States reached 3.7%, marking the first increase since June 2022. A sharp surge in energy costs at the end of the summer contributed to… Continue
Added by Ganesh Kumar on December 21, 2023 at 5:08am — No Comments
Colloidal Silicon Dioxide Prices: For the Quarter Ending September 2023 | ChemAnalyst
North America
In the third quarter, the pricing dynamics of Colloidal Silicon Dioxide in the United States exhibited fluctuations. Initially, prices saw an uptick in July, propelled by inventory restocking, heightened demand from end-user sectors, and diminished imports from key exporting nations like China. A 3.2 percent surge in consumer prices during July increased company costs, contributing to the rise in Colloidal Silicon… Continue
Added by Ganesh Kumar on December 21, 2023 at 4:37am — No Comments
Propylene Glycol Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
For the Quarter Ending September 2023
North America
In September, Propylene glycol prices in North America experienced a 2.87% decline compared to July levels. The third quarter witnessed a deceleration in the growth of US company operations, attributed to reduced demand from both domestic and global markets. In the United States, inflation rose to 3.7% in August, marking the first increase since June 2022. This uptick was driven by a substantial rise in energy prices towards…
ContinueAdded by Ganesh Kumar on December 21, 2023 at 4:14am — No Comments
Tallow Oil Prices: News, Analysis | ChemAnalyst
North America
In the third quarter, Tallow oil prices in the USA market exhibited a varied and fluctuating trend. The decline in prices during July was attributed to reduced sales and inquiries for new orders from end-user industries. Government data on inflation for July revealed a 3.2% increase in consumer prices over June, following a 3% annual growth rate in June, the lowest in over two years. To curb inflation, the Federal… Continue
Added by Ganesh Kumar on December 20, 2023 at 8:09am — No Comments
Tall Oil Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America
Tall oil prices in the third quarter experienced a fluctuating pattern. In July and August, prices surged by 3.31% and 7.60%, respectively, propelled by dwindling inventories among market providers and heightened demand from end-user businesses. July witnessed a decline in production output, resulting in a short supply of Tall oil. However, sustained demand from the paper, pulp, and mining sectors maintained high… Continue
Added by Ganesh Kumar on December 20, 2023 at 7:47am — No Comments
Levocetirizine Dihydrochloride Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America
Levocetirizine Dihydrochloride prices experienced a surge in the United States during the third quarter, with a 0.44 percent increase in September compared to the previous month. Despite a persistently tight labor market and decreasing inflation, consumer confidence in the United States reached a two-year high in July. The Consumer Price Index showed a year-on-year increase of 3.2% in July, up from 3% in June.… Continue
Added by Ganesh Kumar on December 20, 2023 at 7:25am — No Comments
Lactic Acid Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America:
In September 2023, lactic acid prices experienced a 4.25% decline compared to July levels. The third quarter saw a downturn in business activity in the United States, attributed to weakened demand both domestically and internationally. In the U.S., inflation reached 3.7% in August, marking the first increase since June 2022. The surge in energy costs at the end of the summer contributed to the rise in prices,… Continue
Added by Ganesh Kumar on December 20, 2023 at 6:55am — No Comments
Melatonin Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America
In the third quarter of 2023, Melatonin FOB New York witnessed a notable upswing, registering a 7% increase from $120,500/mt to $128,840/mt between July and September. This surge reflects a positive market outlook, sustained by robust demand from the pharmaceutical and nutraceutical sectors. The optimism in the domestic market was further fueled by low inventory levels, prompting distributors to incrementally raise… Continue
Added by Ganesh Kumar on December 20, 2023 at 6:04am — No Comments
Glucosamine Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America
In the third quarter of 2023, there was a sudden drop in glucosamine prices in the United States, as FOB New Jersey values plummeted from $9040/mt to $8650/mt between July and September. This decline signaled a pessimistic conclusion to the quarter, primarily attributed to unusually low downstream demand and a significant surplus of supply held by market participants. The US economic growth throughout the quarter raised… Continue
Added by Ganesh Kumar on December 19, 2023 at 7:23am — No Comments
Zinc Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America:
In the third quarter of 2023, pharmaceutical-grade zinc powder prices in the United States experienced a sudden downturn. From July to September, CFR values dropped from $3980/mt to $3670/mt, marking a pessimistic conclusion to the quarter. The primary factors behind this significant price decline in the US market were an unusually low downstream demand and an abundance of supply held by market players. Throughout the… Continue
Added by Ganesh Kumar on December 19, 2023 at 6:48am — No Comments
Vitamin B5 Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America
In the third quarter of 2023, the US experienced a sharp decline in the price of Vitamin B5 (USP grade). From July to September, CFR New York values plummeted from $16,650/mt to $11,800/mt, marking an unfavorable conclusion to the quarter. The primary factors contributing to this drastic price drop were the exceptionally low demand downstream and the abundance of supply held by market participants. The expansion of the US… Continue
Added by Ganesh Kumar on December 19, 2023 at 6:20am — No Comments
Magnesium Stearate Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America
In contrast to the market trend of the previous quarter, the price of Magnesium Stearate in the US market experienced a significant increase until the middle of the third quarter, only to plummet as September concluded. On the upstream side, the market for Magnesium Stearate's feed, Stearic Acid, showed a fluctuating trend throughout the quarter. Prices of Stearic Acid experienced a continuous downward trend until… Continue
Added by Ganesh Kumar on December 19, 2023 at 4:14am — No Comments
Magnesium Powder Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America:
In the third quarter of 2023, the market performance of Magnesium Powder in North America took a diverse trajectory. Magnesium Oxide prices witnessed a general decline, albeit with a slight increase noted in September 2023. Conversely, Magnesium Stearate displayed an overall positive outlook but concluded September 2023 on a pessimistic note. Examining Magnesium Oxide, regional market demand remained low until… Continue
Added by Ganesh Kumar on December 19, 2023 at 3:35am — No Comments
Sunflower Oil Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America:
Sunflower oil prices in North America displayed an upward trajectory until August, followed by a decline at the close of September. In the United States, the price surged by around 10% in July, prompted by uncertainties surrounding exportable supplies after the Russian Federation terminated the Black Sea Grain Initiative. This decision, coupled with dry weather conditions in the US affecting regional trade,… Continue
Added by Ganesh Kumar on December 19, 2023 at 2:06am — No Comments
Soybean Oil Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America:
In the third quarter of 2023, North American Soybean Oil prices reflected trends similar to those observed in Europe. Despite being slightly lower than the peaks seen in late July, soybean oil prices remained elevated throughout August 2023. This increase was primarily driven by concerns about crop safety amid exceptionally dry weather conditions in specific exporting regions. Weather conditions in South America,… Continue
Added by Ganesh Kumar on December 19, 2023 at 1:36am — No Comments
Amino Acid Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America
In the third quarter (Q3), Amino Acid prices witnessed a significant drop in the first half, maintaining a pessimistic outlook until the conclusion of August. This depreciation was primarily attributable to a substantial decline in demand within the food sector, triggered by a consistent reduction in consumption. The economic instability in the US and the global surge in inflation further suppressed downstream… Continue
Added by Ganesh Kumar on December 18, 2023 at 5:52am — No Comments
Tryptophan Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America
Tryptophan prices underwent a significant decline in July, followed by subsequent increases in both August and September. During July, new order inquiries and sales dwindled as domestic and global demand remained weak. The Federal Reserve raised its key policy interest rate by a quarter percentage point in July, marking the highest level in 22 years, leading to an overall reduction in economic demand and supporting… Continue
Added by Ganesh Kumar on December 18, 2023 at 5:25am — No Comments
Taurine Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America
Taurine prices in the third quarter exhibited a diverse trend, registering an 11.24% decline in July and a subsequent drop of 10.86% in August. However, this volatility was followed by a noteworthy uptick of 6.09% in September. Economic activity in the United States contracted during the third quarter due to reduced demand both domestically and internationally. In August, inflation in the United States reached 3.7%,… Continue
Added by Ganesh Kumar on December 18, 2023 at 5:04am — No Comments
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