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Ganesh Kumar's Blog – December 2023 Archive (113)
Methionine Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America
In July, Methionine prices witnessed a notable decline of 6.47%, followed by a slight uptick of 8.18% in August and a modest increase of 5.04% in September. During July, both local and global demand for Methionine dwindled, leading to reduced new order inquiries and sales. The Federal Reserve's decision to raise its main policy interest rate by a quarter percentage point in July, the highest in 22 years, contributed… Continue
Added by Ganesh Kumar on December 18, 2023 at 4:34am — No Comments
Levofloxacin Hemihydrate Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America
In July, Levofloxacin Hemihydrate prices experienced a significant decline of 3.76%, followed by a marginal increase of 1.61% in August and a modest rise of 0.43% in September. During July, new order inquiries and sales dwindled due to weak domestic and global demand, exacerbated by the Federal Reserve's decision to raise its key policy interest rate by a quarter percentage point—its highest level in 22 years. This move reduced… Continue
Added by Ganesh Kumar on December 18, 2023 at 4:13am — No Comments
Gelatin Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America
In Q3, gelatin prices in North America exhibited a mixed pattern, with declines of 2.03% in July and 0.91% in August, followed by a 1.05% increase in September. The United States experienced a drop in business activity during the third quarter, attributed to reduced demand both domestically and internationally. In August, U.S. inflation rose to 3.7%, marking the first increase since June 2022. This uptick was driven… Continue
Added by Ganesh Kumar on December 18, 2023 at 3:54am — No Comments
Carnitine Prices: Price, Trend, Pricing, News, Analysis | ChemAnalyst
North America:
In the third quarter, Carnitine prices in North America exhibited a mixed trend, experiencing a decline in July and August but rebounding in September. The United States witnessed a drop in business activity during this period, influenced by weakened demand both domestically and internationally. In August, inflation in the U.S. reached 3.7%, marking the first time since June 2022 and attributing it to a notable… Continue
Added by Ganesh Kumar on December 18, 2023 at 3:36am — No Comments
Benzalkonium Chloride Prices: Trend, Price, Pricing, News, Analysis | ChemAnalyst
North America:
Benzalkonium Chloride prices in the United States exhibited variability during the third quarter. In July and August, prices experienced growth of 2.94% and 1.90%, respectively, driven by inventory replenishment, heightened demand from end-user sectors, and reduced imports from major exporting countries, including China. The surge in consumer prices by 3.2% in July escalated firm expenses, contributing… Continue
Added by Ganesh Kumar on December 15, 2023 at 7:09am — No Comments
Aspirin Prices: Trend, Price, Pricing, News, Analysis | ChemAnalyst
North America
In July, Arginine prices saw a significant drop, followed by subsequent increases in both August and September. The decline in July was attributed to a decrease in new orders and sales volume, reflecting the weak state of both domestic and international demand. The Federal Reserve's decision to raise its key policy interest rate in July, the highest level in 22 years, contributed to reduced overall demand in the… Continue
Added by Ganesh Kumar on December 15, 2023 at 5:32am — No Comments
Arginine Prices: Trend, Price, Pricing, News, Analysis | ChemAnalyst
North America
In July, Arginine prices saw a significant drop, followed by subsequent increases in both August and September. The decline in July was attributed to a decrease in new orders and sales volume, reflecting the weak state of both domestic and international demand. The Federal Reserve's decision to raise its key policy interest rate in July, the highest level in 22 years, contributed to reduced overall demand in the… Continue
Added by Ganesh Kumar on December 15, 2023 at 4:35am — No Comments
Agar Agar Prices: Trend, Price, Pricing, News, Analysis | ChemAnalyst
North America
In the third quarter, Agar Agar prices in the USA market exhibited a varied trajectory. July witnessed a decline in prices attributed to reduced sales and new order inquiries from end-user industries. Government data on inflation indicated a 3.2% increase in consumer prices in July over June, following a 3% annual growth rate in June—its lowest in over two years. In response to inflation, the Federal Reserve raised… Continue
Added by Ganesh Kumar on December 15, 2023 at 3:53am — No Comments
Wheat Prices: Trend, Price, Pricing, News, Analysis | ChemAnalyst
North America:
In the third quarter of 2023, the North American region, especially Canada, witnessed a noteworthy decline in wheat prices. This downward trend was primarily attributed to favorable growing conditions and a productive harvesting season in Canada throughout July. The abundance of major field crops resulted in a substantial increase in exports and a significant rise in domestic stockpiles. Although year-end… Continue
Added by Ganesh Kumar on December 15, 2023 at 3:23am — No Comments
Isopropyl Alcohol (IPA) Prices: Trend, Price, Pricing, News, Analysis | ChemAnalyst
North America:
During the third quarter of 2023, the Isopropyl Alcohol (IPA) market in North America witnessed fluctuations in pricing trends. Initially, prices saw a decline, followed by stabilization in August before experiencing another dip by the end of September 2023. July witnessed a consistent drop in prices due to oversupply and reduced imports from major exporting countries like South Korea and Canada, both key IPA… Continue
Added by Ganesh Kumar on December 15, 2023 at 2:02am — No Comments
CoQ10 Prices: Trend, Price, Pricing, News, Analysis | ChemAnalyst
North America
In the third quarter of 2023, CoQ-10 prices in North America, particularly the United States, exhibited a continual decrease but showed a modest upturn towards the quarter's end. The initial half of Q3 witnessed a significant drop in CoQ-10 prices across the United States due to reduced local interest and a slowdown in trade momentum. This decline was influenced by both diminished buyer interest and an overall… Continue
Added by Ganesh Kumar on December 15, 2023 at 1:32am — No Comments
Acetonitrile Prices: Trend, Pricing, News, Analysis | ChemAnalyst
North America
The Acetonitrile market in North America experienced significant fluctuations during the third quarter of 2023. Initially, prices rose but took a notable downturn as mid-Q3 approached, continuing on a downward trajectory until the end of September. Despite ongoing economic challenges in the United States and global inflation, stable pricing in the US Acetonitrile market was maintained in July, thanks to consistent… Continue
Added by Ganesh Kumar on December 14, 2023 at 6:51am — No Comments
n-Propanol Prices: Trend, Pricing, News, Analysis | ChemAnalyst
North America
In the third quarter of 2023, the prices of n-Propanol in North America underwent significant fluctuations. Initially, producers reduced quotations due to a decrease in demand from end-user industries, which were grappling with sluggish activities in the downstream sectors. Concurrently, logistical challenges arose from disruptions in U.S. shipping and freight routes, stemming from declining water levels in the… Continue
Added by Ganesh Kumar on December 14, 2023 at 5:59am — No Comments
Alkyl Amine Prices: Trend, Pricing, News, Analysis | ChemAnalyst
North America:
In the third quarter of 2023, Alkyl Amine prices in North America experienced a significant decline. This was attributed to reduced operating rates for the product, driven by ample inventories in storage units to prevent product oversupply. The downstream coating and R&D sectors witnessed a decrease in demand, leading to a decline in the uptake of existing inventories by end-users. Consequently, suppliers… Continue
Added by Ganesh Kumar on December 14, 2023 at 5:29am — No Comments
Magnesium Sulphate Prices: Trend, Pricing, News, Analysis | ChemAnalyst
North America
Magnesium Sulphate prices in North America exhibited fluctuating movements, experiencing a nearly 12% increase during the third quarter of 2023. At the quarter's onset, prices surged due to heightened demand for Magnesium Fertilizer from the Horticulture sector, aiming to enhance cultivation rates amidst the global food inflation upswing and decreased importation of Russian fertilizers. Mid-quarter, prices saw… Continue
Added by Ganesh Kumar on December 14, 2023 at 4:39am — No Comments
Pyridine Prices: Trend, Pricing, News, Analysis | ChemAnalyst
North America
In the third quarter of 2023, the trading landscape for Pyridine in the United States experienced a bearish trend, primarily driven by suppliers hesitating to engage in bulk purchases due to ample inventory levels. In July 2023, the price of Pyridine in the US plummeted to USD 3180 per ton FOB Louisiana. The Pyridine market in the region continued to be affected by sluggish trade dynamics and lackluster market… Continue
Added by Ganesh Kumar on December 14, 2023 at 2:21am — No Comments
Iso Butyric Acid Prices: Trend, Pricing, News, Analysis | ChemAnalyst
North America
In the third quarter of 2023, the Iso-Butyric Acid market in the USA experienced a decline in its fundamentals over consecutive months, mainly attributed to sluggish purchases and weak market conditions. The consumption of Iso-Butyric acid in the United States decreased, contributing to lackluster demand for new stocks and providing fragile support to the price trend. Exports of premium Iso-Butyric Acid cargo to the… Continue
Added by Ganesh Kumar on December 14, 2023 at 1:56am — No Comments
Stainless Steel Round Bar Prices: Trend, Pricing, News, Analysis | ChemAnalyst
North America:
In Q3, stainless steel round bar prices in North America initially surged, primarily attributed to increased nickel costs and heightened activity in the automotive and construction sectors. In response to inflation, US factories raised their base prices. The automotive industry reaped benefits from Tesla's success and electric vehicle tax cuts, while construction projects fueled additional demand. However, a… Continue
Added by Ganesh Kumar on December 14, 2023 at 1:24am — No Comments
Stainless Steel HR Coil Prices: Trend, Pricing, News, Analysis | ChemAnalyst
North America
In the third quarter, the US market for hot-rolled stainless steel coils experienced a downturn in prices, attributed to various factors. Local inventories surged, and increased availability of feedstock contributed to the overall price decline. Reduced prices of raw iron ore, stemming from expanded output in Australia and Indonesia, coupled with lower costs of coking coal and fuel, further fueled the downward… Continue
Added by Ganesh Kumar on December 13, 2023 at 2:16am — No Comments
Silicone Rubber Prices: Trend, Pricing, News, Analysis | ChemAnalyst
North America:
In the third quarter of 2023, the North American silicone rubber market experienced a mix of sentiments in pricing trends. July witnessed a notable surge, driven by increased demand sentiments in the US market, particularly in response to a more than 20% rise in vehicle sales in June. Western Europe also contributed to the surge with a 19.6% increase in sales during the same period. Consequently, silicone rubber… Continue
Added by Ganesh Kumar on December 13, 2023 at 1:00am — No Comments
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