Chemanalyst

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About Chemanalyst

ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in-depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go.

Chequered Plate Prices: In the second quarter of 2023 | ChemAnalyst

Chemanalyst11 Sep, 2023Business

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 inventory. In the first half of 2002, Chequered Plates prices steadily increased as the price of nickel, a key feedstock, rebounded. US mills maintained a high base price, and the inclusion of alloy fees further pushed up prices in the US spot market.

Melatonin Prices: During the second quarter of 2023 | ChemAnalyst

Chemanalyst08 Sep, 2023Business

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 suppliers' overstocking.

Urea Prices, Pricing, News, Monitor | ChemAnalyst

Chemanalyst08 Sep, 2023Business

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 Mississippi River, caused by high temperatures, disrupted exports from the USA to other countries, resulting in surplus availability of Urea in the market.

Magnesium Sulphate Prices: In the second quarter of 2023 | ChemAnalyst

Chemanalyst08 Sep, 2023Business

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, primarily due to reduced offtakes from fertilizer industries, which was influenced by a global decrease in demand for agrochemical products by farmers. Consequently, inventory levels increased, leading exporters to lower their quotations in an attempt to boost sales.

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

Chemanalyst07 Sep, 2023Business

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 buyers' purchasing power and led to a surge in local Stainless Steel inventory levels. Initially, the first half of Q2 witnessed a sustainable rise in Stainless-Steel HR Coil prices, driven by a rebound in feedstock Nickel prices. US mills maintained high base prices, and the addition of alloy surcharges further boosted prices in the US spot market.

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

Chemanalyst05 Sep, 2023Business

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 Kogyu, temporarily shut down operations from April 9th to 16th. Nucor mill increased Galvanized Plain Sheet prices slightly as lead times decreased from 8-10 hours to 8-9 hours. In the latter half of the second quarter, prices took a downward trajectory. Mounting economic uncertainties, exacerbated by the debt crisis following the collapse of major US banks, cast a pessimistic shadow over the market sentiment.

SMO254 Prices: In the second quarter of 2023 | ChemAnalyst

Chemanalyst05 Sep, 2023Business

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 purchasing activity, signaling a positive economic beginning. High domestic demand in various downstream sectors maintained healthy consumption rates.

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

Chemanalyst05 Sep, 2023Business

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, leading to lower local inventory levels and increased CRC prices in the US spot market. However, as the second quarter progressed, the market sentiment for CRC took a downturn due to growing economic instability stemming from a debt crisis triggered by major banks' failures across the USA.

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

Chemanalyst04 Sep, 2023Business

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 crisis stemming from the simultaneous downfall of major banks in the USA had a significant impact on the US market. This crisis prompted buyers to withhold placing large orders, anticipating further price declines. Tariffs were imposed to boost consumption of locally manufactured Aluminium Wire and reduce inventory levels in the US spot market. Despite the tariff imposition, high inventory levels persisted as consumption rates decreased in the USA, leading the US government to impose countervailing duties on imported Aluminium Wires from the European and Asian.

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

Chemanalyst04 Sep, 2023Business

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 increasing Zinc Ingot inventories. Economic instability, stemming from a debt crisis caused by the downfall of major banks in the USA, further contributed to the pessimistic sentiment in the Zinc Ingot market.