For the quarter ending December 2021
During the last quarter of 2021, Barium Carbonate market has been termed as firm in the region owing to stable demand fundamentals and robust supply dynamics. Demand from downstream construction industry has eased since the conclusion of peak demand season. Barium Carbonate, which, is heavily employed in bricks, glass, and other construction-oriented products. Meanwhile, consumption from electronics industry remained stagnant which resulted in minimum prices fluctuation during the quarter. Globally, exports to South Korea remained strong as freight charges showed signs of normalization towards H2 of Q4. Hence, after conclusion of December 2021, prices of Barium carbonate were assessed at USD 2140 per MT.
Barium Carbonate market started the quarter on a firm note as demand from construction remained firm however consumption levels dropped towards 2nd half of the quarter owing seasonal decline and growing speculations around Chinese construction industry. Meanwhile, exports to major trading nations improved as freight charges along with container availability increased during the quarter. In India, domestic demand was termed as stable as the consumption levels from construction industry remained healthy. India also exported ample quantities to Europe as freight charges eased in Q4. After the conclusion of Q4, Barium Carbonate prices were assessed at INR 121500 per MT on Ex-location basis.
In the European region, Barium carbonate market dynamics were termed as stable to firm on the back of stable demand from downstream construction and electronics industry. Germany remained the key exporter of the material in the region while Italy imported Barium Carbonate from Asia-Pacific. Trade routes showed signs of de-congestion which resulted in normalization of freight charges on the trading activities in the European continent. Meanwhile, construction industry observed seasonal dip in demand which resulted in stagnant to weak consumption levels. Prices of Barium Carbonate were observed at Euro 1750 per MT.
For the Quarter Ending September 2021
During Q3 of 2021, prices of Barium Carbonate attained tremendous gains after the resumption of industrial and commercial activities which eventually led to the improvement in the offtakes from the downstream industries. Additionally, the production rate and the supply chain in the US region was disrupted during this timeframe in effect of the Ida hurricane that made landfall in the Gulf Coast of US in August end. Besides, surging demand from the downstream industries such as construction, ceramics and electronic sector kept the market high during this period.
In Asia Pacific, Barium Carbonate market witnessed an upward rally during the third quarter of 2021. China is the largest exporter of Barium Chloride and factors such as congestion on several ports as well as lower production rates due to energy crisis led to the scarcity of the product in the Asian market and consequently fumed its prices in this timeframe. Moreover, crippled availability of shipping containers and high freight charges also sent ripples to the cost of Barium Chloride in Asia Pacific. In India, Barium Carbonate showcased surge in the prices during the third quarter backed by the limited availability and high demand from both the domestic as well as international markets.
In Europe, prices of Barium Carbonate showcased mixed sentiments during the third quarter of 2021. In the beginning of the quarter, prices attained stability with improvement in the production levels as well as ease in logistics. However, in the later half, prices of Barium Carbonate shot up due to delayed imports that led to constraint availability of the product amidst high demand. Moreover, spiraling freight charges and limited availability of shipping containers further contributed to the pricing trend of Barium Carbonate in this quarter.