Chemanalyst

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About Chemanalyst

ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally. Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today's ever-changing chemicals market. The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries. ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.

Copper Rod Prices, Pricing, Demand & Supply, News, Market Analysis | ChemAnalyst

Chemanalyst25 Oct, 2023Business

Copper Rod prices in the German spot market remained stable in the second quarter, driven by significant contributions from macroeconomic factors. A weaker US dollar provided a strong foundation for Copper Bar prices, expected to be the final move for the German exchange rate. Copper bullion stocks remained stable, and smelters operated consistently. Buyer demand for Copper rod remained stable, with purchases aligning with demand fluctuations. Simultaneously, the decarbonization and electrification of copper smelters sustained high consumption rates, supporting the stability of copper bar prices. However, economic deterioration in the latter half of the quarter led to a decline in domestic consumption, pushing the German economy into recession due to accelerated inflation. Weakening terms of trade, both locally and internationally, resulted in reduced purchasing power and increased local inventory of copper bars. In response, the German government imposed countervailing duties on cheap

Benzalkonium Chloride Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst

Chemanalyst19 Oct, 2023Business

In Germany, the Benzalkonium Chloride market showed mixed conditions in Q2. Prices decreased in May compared to April, mainly due to oversupply among merchants and suppliers, as well as a decrease in demand from end-user industries. The German Manufacturing PMI for June 2023 decreased to 43.2 from April's 44.5, indicating reduced buying activity and new order inquiries. Rising inflation and the European Central Bank's interest rate hike in June affected the German economy, leading to higher costs in food and energy-related activities dependent on Benzalkonium Chloride. The Manufacturing PMI for June 2023 further declined to 41.0, suggesting lower inventory levels in the market, resulting in price increases. Market participants focused on restocking inventories, contributing to a more favorable market situation.

Polypropylene Glass Filled Compound Prices, Demand & Supply, Market Analysis | ChemAnalyst

Chemanalyst19 Oct, 2023Business

The Polypropylene Glass-Filled Compound market in Europe showcased a robust performance during the third quarter of 2023, primarily driven by the US market. The surge in demand was fueled by the increased price of feedstock Polypropylene and growing demand from the downstream automobile industry. Despite disruptions in production caused by pandemic-related supply chain challenges, major global automakers experienced growth in new vehicle sales, reflecting improvements in supply and strong demand. Towards the end of the quarter, the price of Polypropylene Glass-Filled Compound rapidly increased by more than 3%, driven by the sharp uptick in upstream Crude Oil prices. This increase was influenced by ongoing macroeconomic uncertainties and concerns about supply constraints. The decision of key oil-producing nations, including Saudi Arabia and Russia, to extend their voluntary oil output reductions further boosted global crude prices, highlighting the interplay between the energy market an

Vitamin B1 Prices

Chemanalyst18 Oct, 2023Business

The economic conditions in the US have shown signs of improvement in the second quarter of 2023 after a period of instability. However, the domestic Vitamin B1 (thiamine) mononitrate market in North America experienced a price stagnation during this period. The demand for vitamin B1 from pharmaceutical and nutraceutical industries weakened slightly in the second half of Q2. This, coupled with an abundant supply of Vitamin B1 from domestic suppliers, led to price reductions. Inflation in the country has fallen in line with energy prices, but analysts believe it to be temporary due to easing supply chain pressures. Despite mixed sentiment on the price of vitamins and dietary supplements, the nutraceuticals market in the US continues to show a mixed pattern of market activity. Nevertheless, the US economy remains robust and continues its path towards steady and stable growth.

Coconut Oil Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst

Chemanalyst17 Oct, 2023Business

During the second quarter of 2023, coconut oil prices in North America saw a decline, following the trend in the European market. This drop in price indicates continued weakness in the market sentiment for coconut oil. The decrease was attributed to high coconut oil inventories in North America, ample supply, and the Russian suspension of trade in black sea grain. Additionally, a decrease in exports from exporting countries contributed to the downward price trend. The sharp decline in crude oil prices and decreased offers of Russian edible oil and grain also had a significant negative impact on the prices of corn, edible oils, and other grains. Higher interest rates and energy prices further affected import activity as production in exporting countries decreased significantly. Disrupted climatic conditions in North America also impacted trade activity from exporting nations such as the Philippines and Indonesia.

Vitamin C Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst

Chemanalyst16 Oct, 2023Business

In the second quarter of 2023, the vitamin C market in North America underwent a bearish price trend. Price discussions for CFR Los Angeles witnessed a decline from $4,550 per metric ton to $4,020 per metric ton between April and June 2023, marking a 1.1% decrease over the quarter. The demand for vitamin C from end-users in the food and beverage, cosmetics, and nutraceutical industries in the US was marginally lower due to ample stocks at suppliers. Corresponding with energy prices, inflation in the country experienced a modest decrease.

Germanium Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst

Chemanalyst13 Oct, 2023Business

The price of Germanium in the United States experienced a decline in the second quarter of 2023. This drop can be attributed to various factors, including a weakening economy and a slowdown in the automotive and semiconductor industries. In June, the US government faced an economic crisis as several banks across the country faltered, leading to a debt crisis. As a result, inflation rates soared, prompting the local government to raise interest rates to stabilize the situation. Consequently, local buyers became hesitant to place large orders. Furthermore, the decline in the semiconductor industry, coupled with decreased sales of electric vehicles, resulted in a decrease in semiconductor chip production and an increase in local inventory levels in the US spot market.

Wheat Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst

Chemanalyst11 Oct, 2023Business

In the North American region, the second quarter of 2023 saw a mixed market trend for wheat prices. At the start of April, the prices of wheat in Canada saw a slight improvement due to increased domestic inquiries and available stockpiles among local merchants. However, there was a significant dip in wheat prices in the middle of the second quarter. This was caused by a decline in manufacturing activities and weakened raw material prices for producing various products, including wheat. Additionally, energy and petroleum product prices fell for the fourth consecutive month in May, leading to a monthly decrease in the Industrial Product Price Index (IPPI). The prices of wheat remained low throughout May due to a mixed weather outlook and tepid export demand. Towards the end of the second quarter, the prices of wheat started to rise, balancing the overall supply-demand market.

Sunflower Oil Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst

Chemanalyst10 Oct, 2023Business

In the North American region, Sunflower Oil prices mirrored the market trend observed in Europe during the second quarter of 2023. The prices experienced a continuous decline since the beginning of the year, and market sources anticipated this downward trend to persist throughout the quarter. Factors contributing to this trend included the high stocks of sunflower oil in the region, ample supply from European buyers, and the elimination of export duties due to Russia's cessation of the Black Sea grain deal, leading to reduced exports from Ukraine, a major producer. The average dip in Sunflower Oil prices by the end of June exceeded 7 percent. Towards the close of June, changing climatic conditions further impacted import momentum, contributing to the weakened price trend. Economic concerns, such as rising interest rates, also exerted downward pressure on Sunflower Oil prices

Aluminium Sheet Prices, Pricing, Demand & Supply, Market Analysis | ChemAnalyst

Chemanalyst09 Oct, 2023Business

In August, the Aluminum Sheet market in South Korea witnessed a stable pricing trend, influenced by various factors. The stagnation in prices was attributed to reduced manufacturer offers and diminished purchasing activity. Weak demand and reluctance to buy from traders and end-users contributed to the overall price stability. Domestic market volumes significantly decreased, confirming the ongoing price stagnation. Global economic uncertainty led to a decline in feedstock Aluminum prices, while high supplies from India and China further contributed to the stability of Aluminum Sheet prices. Buyers hesitated to place orders, anticipating further price declines. The US interest rate hike impacted export demand from downstream industries, leading to a declining price trend. Subsequently, Aluminum foil prices rose due to increased production, but local demand remained weak. Overseas markets experienced rising inventory levels, and sales from companies like Novelis and Hindalco declined in