During the first quarter of 2022, Polymethyl methacrylate price in North America showed mixed sentiments. Due to the high feedstock Methyl Methacrylate price, PMMA prices increased in January. Increased demand from downstream industries, including construction, electronics, and energy, pushed prices upwards. The low production rate caused a lack of inventories in the regional market that failed to meet domestic requirements. Although, in last month of the quarter, the prices of PMMA in the United States weakened. The decline in the prices was attributed to the plentiful supplies and weak trading
During the first quarter of 2022, Phthalic Anhydride Pricing rose rapidly due to the soaring upstream crude values and feedstock O-Xylene prices. Moreover, skyrocketing freight charges and container shortage resulted in a delay in supply, affecting Phthalic Anhydride market. Furthermore, continuous market growth was attributed to the high demand for Phthalic Anhydride in the formulation of Polycarbonate plastics, fungicides, Resins, and Amines in paint & coatings, construction, and automotive industries. Prices of Phthalic Anhydride in the US towards the end of the quarter surged to USD 1791 per
North American market witnessed an upsurge by nearly 4% in the Acrylonitrile Price during Q1-2022, on account of firm downstream demand and increased feedstock prices. The consumption of Acrylonitrile Butadiene Styrene (ABS) increased in the automotive and electronics sector, which eventually led into the escalated need for Acrylonitrile, hence caused the augmented demand for same in the domestic market. Besides, the prices of feedstock also grew in the considered period which further propelled the price value of Acrylonitrile.
In the first quarter of 2022, the Ethanol pricing in the North American market fluctuated from USD775/ton, FOB Texas to USD 870/ton, FOB Texas USA towards the first quarter end of 2022. As compared with Q4 of 2021, the prices have witnessed a decline of 19% in Q1 of 2022, as the tension between Russia and Ukraine escalated and ethanol manufacturers faced tight supplies from feed (corn) producers. The prices of corn skyrocketed during this quarter, as a ripple effect, the production cost of Ethanol soared towards the quarter end. These all factors have contributed largely to the prices of Ethanol
Fatty Alcohol prices in the US have stayed buoyant during the first quarter with an upturn majorly pushed by the improved use of personal care products on the uncertainty in Omicron variant. The resultant domestic logistic breakdown in the region due to new infections, has supported the increasing market trend. Additionally, export restriction on feedstock Palm Oil in the prime exporting country, Indonesia has become a significant price influencing factor in the international market. So, the low import volumes of feedstock Palm oil from the international market and the increased demand in the domestic
After a decrease in Biotin Price in Q4 2021, the price trend of Biotin in the first quarter of 2022 demonstrated an upward trajectory across the North American region. Biotin prices gradually increased from the second week of January from USD452965/MT to USD464690/MT in March 2022. Demand from the downstream nutraceutical and pharmaceutical industries remained high throughout the quarter. Increased maritime freight rates, as well as high raw material costs in Asia, have aided the country's price trend. The protracted port bottleneck and disrupted supply caused by China's zero-covid policy, on the
In the first quarter of 2022, the Sulphur Price in the North American region remained consolidated on the back of the strong Crude offers throughout the quarter. Even after the resurgence of the omicron variant, the OPEC+ alliance remained stuck to the decision of gradually increasing the Crude Oil output that kept the market sentiments buoyed in the US domestic market. Whereas the demand from the agricultural and chemical intermediate sectors remained persistently healthy as the restrictions of China and Russia over the exports of raw materials and the rising food pricing index changed the dynamics
Acryl amide Prices in USA fluctuated in a narrow range in Q4 in lieu of the stable demand pattern amidst prevalent supply. Supply of raw materials gradually eased in Q4 as plant operating rates reached normalcy. Buyers adopted a wait and see approach and purchased cargoes only on need basis to restrain the inventory pile. Demand further loomed in December owing to the slowdown in market activities due to the holiday season. Acrylamide export demand also tuned feeble and easing freight cost further assisted in the fall in its prices. FOB Acrylamide prices were assessed at USD 5440 per MT in USA
As the market dynamics of Chlor-Alkali and Poly Vinyl Chloride Price are intertwined, limited production of Caustic Soda as operating rates remained low as a repercussion of Ida hurricane since mid Q2 2021 continued to stress the supply in the quarter ending December as well. As several plants in US halted their production, supply of feedstock Chlorine remained restricted which eventually bottlenecked the production of PVC. The reduced availability amid high export demand for PVC led to led to the rise in its contract prices till November. However, after reaching tremendous high in November, prices
In Q3 of 2021, Isopropyl Acetate Pricing witnessed an upward trend in prices owing to the surge in values of feedstock Acetic Acid and Isopropanol. Besides, demand remained strong from the solvent industry throughout the quarter. Additionally, constrained supply was observed during the hurricane season as the refinery throughput came down severely owing to spate of shutdowns across the Gulf Coast that consequently shot up the prices of Isopropyl Acetate in the region. The price trend is anticipated to continue in the Q4 as the raw material costs are expected to remain on the rise.