chemanalystsblog

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North America saw an increase in prices of Butyraldehyde which went up to USD 2335/ton FOB New York in the first quarter of 2022 due to its growing demand from downstream food enterprises in baked goods, frozen dairies, and alcoholic beverages. Depleting supplies and inventories surged the production cost of its raw materials propylene and n-butanol, contributing to the prices of Butyraldehyde. Economic growth in transportation and manufacturing affected the demand prospects, and dramatically, crude oil market sentiments swung changes in economic fundamentals.

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The Hydrochloric acid prices are anticipated to show an increase in June in Germany with an increment in the demand from downstream steel and disinfectant segments. Prices of Hydrochloric Acid are expected to increase in China due to further firmness in demand from the end-user disinfectant and steel segment. Production activities are likely to improve with the relaxation in the COVID 19 cases in China.

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The Butyl Glycol Market Continues its upward trend in Asia

Mumbai, India: The increasing demand for paints and coating amongst the downstream automotive and construction sectors has been the driving factor propelling India's Butyl Glycol market growth. This week, the solvent pricing remained buoyant despite the falling feedstock Ethylene Oxide and n-Butanol prices.

The advancing Indian economy with a rapidly developing automotive sector and enhancing commercial and residential projects across the country were boosting the petrochemical market. The unsurpassed requirement of Butyl Glycol as a solvent in paints and coating, plasticizers, and the chemical intermediates sector further supports the current market dynamics.

As per ChemAnalyst, "Prices of Butyl Glycol in India are likely to maintain a persistent upward trajectory in the coming weeks. Additionally, the uncertainties associated with Covid in China might also impact the domestic market sentiments if the epidemic escalates. The solvent supplies might further tighten, and domestic demand may shoot up, rushing the Butyl Glycol pricing trend during the forthcoming period."

However, it would be interesting to see how the market sentiments change in the coming days. Please stay connected with us to know more about the Butyl Glycol market. 

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During the fourth quarter of 2021, Biotin Pricing trend showcased an upward trajectory in China. In China, Biotin prices escalated from USD 438588/MT to USD 470286/MT FOB Qingdao from October to December. Due to the new guidelines proposed by the Chinese authorities under “dual control on power consumption” to contain carbon emissions and restrict power consumption, several upstream facilities curtailed the operational loads, which surged the offers for fuel and raw material and significantly impacted the prices of Biotin in the domestic market.

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The Methenamine prices continued to hop upwards in Europe consecutively for the second week of February on the back of the spike in the feedstock prices. After witnessing a hike of 1.9%, the discussions for FOB Russia for Methenamine culminated at USD 938 per MT during the mid of February. The skyrocketing upstream Ammonia prices followed by high costs of Natural gas has exacerbated the price trend of Methenamine in the Russian domestic market. Country’s market sentiments were depressed under the influence of ongoing war, demand fundamentals for the product were stable across domestic market.

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Silica prices have been rising in the Asian market

Silica prices have been rising in the Asian market for some time, owing to strong offtakes and insufficient supplies from regional market. Exporting countries such as China, on the other hand, experienced disruption in Q4 2021 as a result of a dual energy policy issue, which coincided with the rising threat of the Omicron version. However, the threat of Omicron turned out to be less severe than expected, therefore no such extreme effects were noticed. Furthermore, demand fundamentals for the commodity from the domestic construction sector have been rising due to seasonal offtakes, while the global market's overall pricing dynamics have been escalating due to the Russia-Ukraine conflict. Furthermore, the ongoing confrontation between Russia and Ukraine has pushed up the price of crude oil, putting inflationary pressure on global procurers. Silica price was assessed around USD 54.3/MT during February.

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Vitamin D Price Trend and Forecast

In China, the prices of Vitamin D surged significantly amid the consistent demand for Vitamin D supplements from the consumers during 1st month of Q1. The values rose significantly owing to the closure of major pharmaceutical and nutraceutical manufacturing units in China due to the imposition of China's zero covid policy. However, the values remained firm in the H2 of Q1 due to port congestion and supply chain disruptions impacted by the conflict between Ukraine and Russia. In China, the vitamin D3 food-grade prices on FOB basis in China accessed at USD 15300 per tonne by the end of the quarter. In Indian Market, the prices remained firm due to the consistent demand for vitamin D in the pharmaceutical companies.

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After the FOB negotiations for New Jersey and Illinois were fixed at USD63655/mt and USD73445/mt in March 2022, the Vitamin B2 market in North America had an upswing in the Vitamin B2 price trend in Q1 of 2022. On the demand side, the healthcare industry witnessed significant offtakes throughout the quarter. In terms of supply, there were sufficient stockpiles to meet overall demand, as dealers loaded their inventories in anticipation of market shutdown due to the Asian festive season. Throughout the first quarter, the US nutraceutical market was in limbo due to protracted port congestion and disrupted supply chain from China owing to the CNY holidays. The high degree of Vitamin B2 consumption in the end-user pharma companies, on the other hand, provided a robust foundation.

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Zinc Ingot prices rose in the first quarter of 2022 across the North American region. Zinc prices soared beyond USD4,000 per tonne in the second part of Q1 to a 15-year high, propelled by increased energy costs and supply concerns. In mid-February, the price of zinc ingot was set at USD3520 per metric tonne. On March 7, the three-month zinc contract traded on the London Metal Exchange (LME) soared to USD4,247 per metric tonne, the site's highest price since records began in 2007. Zinc metal prices, on the other hand, have declined since their high on March 7, although they are still 7% higher than they were at the start of the year.

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In addition, the international crude oil prices are skyrocketing due to the ongoing war between Russia and Ukraine. This price hike has been influencing the Propylene and Acetone prices, which is the primary raw material used in the production of Isopropyl Alcohol and has been boosting the regional and domestic market dynamics.

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On the back of stable demand from the local buyers, the North American Silicate market saw several ups and downs during Q1 2022. As the global economy recovered from the pandemic, demand for the commodity remained stable from the downstream paper and construction sectors. However, the abrupt escalation of the Russia-Ukraine conflict slowed the overall flow and injected uncertainty into the global silicate market. Manufacturers were forced to increase their product prices in order to maintain margins, owing to trade disruptions and increased inflationary pressure on consumers due to high crude oil and natural gas costs. ChemAnalyst assessed Potassium Silicate prices as USD 1535/MT during February 2022.

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Europe has been mired in the tight grip of inflation and elastomer market has been no different. All key elastomers have been witnessing uptrend in the pricing sentiment and Silicone Rubber prices have also been rising in the European market. Both suppliers and buyers have been reluctant to be drawn into lengthy monthly contract discussions given the strong trend of the Silicone rubber prices. Feedstock Silicon prices have been consistently rising as both crude oil and LNG prices have been robust since the beginning of Russia-Ukraine war and European bid to limit dependency on Russian supply of energy feedstocks. Meanwhile, demand dynamics have been stable to weak in the backdrop of consistently rising prices.

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Ground-granulated blast-furnace slag prices have remained nearly buoyant for this quarter on the back of rising energy feedstock prices. Prices have increased effectively this quarter due to firm demand from the downstream cement manufacturers. In North America, supply has been limited as the region's production has been sluggish and import amounts have been reduced due to high freight costs. Pricing offers for Si02 grade GGBFS have increased due to escalating downstream demand from the cement industry amid inadequate supplies from regional players.

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After a decrease in prices of Biotin 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.Due to supply concerns and an unanticipated dip in stockpiles, crude oil prices have continued to increase after a 14 percent surge in January, further supporting the country's Biotin pricing trend.

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price trend of Biotin in the first quarter of 2022 demonstrated an upward trajectory

After a decrease in prices of Biotin 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 other hand, had a severe impact on Biotin market across the country. The spike in US oil output that began in Q4 2021 has maintained the pressure on downstream markets high. Due to supply concerns and an unanticipated dip in stockpiles, crude oil prices have continued to increase after a 14 percent surge in January, further supporting the country's Biotin pricing trend.

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Global construction chemicals have been under the threat of rising raw material costs globally, owing to different market hiccups and several uncertainties. ChemAnalyst data shows a consistent rise in construction-related raw material costs across the global market like Sodium Lignosulphonate, ground granulated blast furnace slag, Triethanolamine, etc. As per the data, a hike of around 0.6% has been observed for Sodium Lignosulphonate in the US market during the past two weeks, while India witnessed a marginal decline of around 0.5% in the meantime.

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The price trend of Potash remained firm to increase in the European market

The price trend of Potash remained firm to increase in the European market. The prices of feed muriate of Potash also increased in the European market during quarter 1 of 2022. High freight costs and uncertainties in supplies in H2 of Q1 due to the Ukraine and Russia war impact in the East- European region and soared Crude oil and energy values boosted the production costs of Potash in the European market, especially towards the end of the quarter. The demand from the consumer end also remained firm in the market.

Any mined or manufactured salt containing potassium in a water-soluble state is referred to as potash. Historically, potash was created by soaking wood ashes in water and then boiling the combination in an iron kettle until the liquid evaporated, leaving a white residue known as potash.Potassium sulphate (K2SO4), potassium-magnesium sulphate (K2SO4-MgSO4), potassium nitrate (KNO3), potassium carbonate (K2CO3), potassium oxide (K2O), and potassium chloride are all examples of potassium-containing chemicals. All these chemicals are primarily employed in fertiliser production. 

Product Specific Details 

CAS No: 107-21-1 HS Code: 29053100 Grade: Polyester, Non-Polyester Grades Contract Size:  100-150 MT Packaging Type: Drum/Tank