For the Quarter Ending June 2025
North America
• The Carbon Disulphide Price Index in the USA declined throughout Q2 2025, with July continuing this downward trend driven by excess inventories, weak downstream demand, and limited export interest.
• July 2025 Price Movement: Prices decreased, continuing June’s weakness. Oversupply conditions and muted global trade momentum further pressured FOB Houston spot offers.
• In April, the Price Index rose 7.1%, supported by strong export orders (especially to Latin America and Southeast Asia) and limited domestic availability. The Carbon Disulphide Spot Price peaked around USD 750/ton.
• May saw a sharp 10.7% drop in the Price Index. Despite rising upstream sulphur costs, weak demand and high inventories drove sellers to cut prices to ~USD 670/ton.
• In June, prices fell another 6% to USD 630/ton. Rising inventories, slow agrochemical and textile demand, and tariff-related tensions weighed on exports.
• Carbon Disulphide Production Cost Trend remained mixed: high input costs in April and May were offset by declining freight and stable output in June.
• The Carbon Disulphide Demand Outlook for July remains weak due to continued softness in textile, PSF, and agrochemical sectors, along with cautious global buyer sentiment.
Asia-Pacific
• The Carbon Disulphide Price Index in China increased sharply through Q2, driven by strong export momentum, seasonal agrochemical demand, and tight domestic availability.
• July 2025 Price Movement: Prices likely increased, sustained by internal textile and agrochemical demand and reduced availability due to regulatory production constraints.
• April’s Price Index rose by 8.5% (USD 640/ton), as tight supply and steady export orders (notably to Southeast Asia and the Middle East) lifted spot prices.
• In May, prices climbed further (USD 690/ton), supported by higher foreign demand, export prioritization, and supply constraints from planned plant maintenance.
• By June, the Spot Price reached USD 760/ton—a 10% surge. Demand from the textile and agrochemical sectors expanded significantly, and limited sulphur availability pushed production costs higher.
• The Carbon Disulphide Production Cost Trend was upward throughout Q2, driven by high sulphur and energy input prices and environmental compliance costs.
• The Carbon Disulphide Demand Outlook for July remains bullish due to seasonal pesticide production, textile sector strength, and ongoing sustainability investments in rayon and synthetic fiber applications.
Europe
• The Carbon Disulphide Price Index in Germany decreased steadily during Q2, with July prices also declining, due to weak offtake, falling exports, and easing supply constraints.
• July 2025 Price Movement: Prices declined further, following an 8% fall in June. Lower PSF activity and subdued industrial confidence continued to weigh on demand.
• In April, prices were at USD 940/ton, rising 8% amid logistic bottlenecks and high sulphur input costs, despite low PSF sector demand.
• May saw a 7.4% drop in the Price Index to USD 870/ton, as suppliers offloaded inventories and imports from the US stabilized supply.
• By June, the Spot Price declined again to USD 800/ton. A stronger Euro, weak agrochemical consumption, and fragile textile offtake contributed to downward momentum.
• The Carbon Disulphide Production Cost Trend remained steady, though logistics and freight charges eased through May and June, enabling some cost pass-through.
• The Carbon Disulphide Demand Outlook for July remains cautious amid inflationary pressures, tariff concerns, and lagging business sentiment in the industrial and consumer sectors.
For the Quarter Ending March 2025
North America
In North America during Q1 2025, the Carbon Disulphide market experienced stable supply conditions supported by consistent domestic production and imports, alongside reduced input costs such as lower sulphur prices.
Demand dynamics were mixed, with moderate consumption from the agrochemical sector driven by farmer optimism, contrasted by subdued activity in the textile industry due to volatile raw material prices. Industrial demand remained cautious amid weak manufacturing output, while rubber manufacturing maintained steady consumption. Overall, inventory levels were sufficient, and market sentiment showed cautious optimism with expectations of fluctuating demand through the quarter.
In the USA, Carbon Disulphide prices declined by 3% from Q4 2024 to an average of USD 736/MT in Q1 2025. Despite the quarter-on-quarter decrease, monthly data reveal a bullish intra-quarter trend, reflecting a rebound in demand and improved supply stability. Key drivers include manageable agricultural input costs, steady domestic production, and increased optimism among farmers, offsetting weakness in textile demand. The near-term outlook remains cautiously optimistic, with expectations of price stabilization supported by balanced supply-demand fundamentals.
Asia
In the APAC region during Q1 2025, Carbon Disulphide markets experienced mixed supply and demand dynamics shaped by varying industrial activities. Stable domestic production and export-driven growth supported supply, while demand was buoyed by agrochemical, textile, and rubber sectors. However, regulatory constraints and energy cost fluctuations introduced operational challenges. Market sentiment evolved from moderate firmness to cautiousness as inventory levels remained generally adequate, with demand expected to fluctuate amid seasonal and economic factors. Thailand's Carbon Disulphide prices declined by 12.13% from Q4 2024 to an average of USD 688.33/MT in Q1 2025, reflecting a bearish intra-quarter trend evidenced by monthly price decreases. Despite strong export performance and industrial recovery, sluggish domestic demand and energy price volatility pressured prices downward. The near-term outlook remains cautious, with expectations of marginal price stabilization contingent on demand firmness and supply steadiness.
Europe
The European Carbon Disulphide market in Q1 2025 experienced subdued demand amid mixed economic signals, with modest growth in manufacturing orders offset by declining foreign demand. Stable supply conditions led to inventory accumulation, pressuring producers to reduce prices. Key end-use sectors such as agrochemicals, textiles, and automotive faced stagnation or contraction, influenced by regulatory shifts and competitive global pressures. Market sentiment remained cautious, with expectations of fluctuating demand and supply balance as the quarter progressed.
In Germany, Carbon Disulphide prices declined by 5.61% from Q4 2024 to an average of USD 896/MT in Q1 2025, despite an intra-quarter upward trend driven by improving monthly demand. The price recovery reflects a rebound in domestic and international consumption, though overall demand fundamentals remain muted due to sluggish industrial activity and sectoral challenges. The near-term outlook suggests cautious optimism with potential price stabilization, tempered by persistent demand uncertainties.
For the Quarter Ending December 2024
North America
In Q4 2024, Carbon Disulfide (CS2) prices in the North American market showed a declining trend, driven by a combination of easing supply constraints and stabilizing demand. Throughout the quarter, production outages and reduced operational capacities had initially caused significant supply tightness, pushing prices up.
However, as these disruptions started to ease and inventory levels improved, the market saw a price correction. Labor strikes at key ports and supply chain issues gradually alleviated, allowing for better inventory replenishment, which contributed to a reduction in prices by approximately 5%.
On the demand side, while steady consumption from downstream industries like cellophane and carbon tetrachloride-maintained baseline demand, the pace of growth in export markets, particularly in Mexico and Latin America, slowed down. This reduction in export demand, along with the lack of an immediate surge from industries like agrochemicals, tempered earlier price surges. The combination of improved supply and stable, yet unspectacular, demand dynamics led to a decline in Carbon Disulfide prices, closing the quarter on a more balanced market outlook.
Europe
In Q4 2024, Carbon Disulfide (CS2) prices in the Europe region, particularly in Germany, experienced a decline due to easing supply constraints and a slowdown in demand from the agrochemical sector. Early in the quarter, prices had risen significantly, influenced by higher Sulphur prices driven by crude oil increases, logistical disruptions at Hamburg port, and strong demand from the agricultural sector, particularly fertilizers. These factors, combined with robust export demand from Asia, pushed prices upward.
However, as the quarter progressed, the market saw a cooling of these bullish pressures. The peak agricultural season subsided, leading to a reduction in demand for fertilizers, which are a key driver for Carbon Disulfide consumption. Logistical challenges at Hamburg port also began to ease, allowing for smoother supply chains and the replenishment of stocks. While Sulphur prices remained elevated, the stabilization of crude oil prices and reduced export growth, particularly to Asia, helped temper further price hikes. As a result, the Carbon Disulfide market in Germany and Europe saw a 5% decline in prices by the end of Q4, reflecting a shift toward a more balanced supply-demand dynamic.
APAC
Carbon Disulfide prices in the APAC region exhibited a mixed trend during Q4 2024. The quarter witnessed an initial decline driven by a confluence of factors. High intra-Asia freight costs and supply chain disruptions, exacerbated by typhoons and port congestion, significantly impacted carbon disulfide imports. Furthermore, a weakening global oil demand outlook and geopolitical uncertainties created a pessimistic economic environment, dampening demand from key downstream sectors like textiles and rubber. This combination of factors led to a price decline in the early part of the quarter.
However, in the latter half of Q4 2024, prices witnessed a gradual recovery. This turnaround can be attributed to several factors. Firstly, a stabilization in global oil prices and a slight improvement in the overall economic outlook boosted demand from downstream industries. Secondly, efforts to alleviate supply chain bottlenecks, including improved port operations and increased domestic production, helped to ease supply constraints. These factors combined to drive a modest price increase in the latter part of the quarter.
Overall, the price trend for Carbon Disulfide in APAC during Q4 2024 was characterized by an initial decline followed by a gradual recovery. This mixed trend reflects the complex interplay of global economic conditions, supply chain dynamics, and shifting demand patterns within the region.
For the Quarter Ending September 2024
North America
In Q3 2024, the North American carbon disulphide market experienced mixed trends, with prices initially declining in July before showing signs of recovery in August. In July, prices decreased due to limited cost support from feedstock sulphur and sluggish domestic demand from downstream sectors like cellophane and carbon tetrachloride. The consumption from key end-user industries was slower than anticipated, which contributed to bearish market sentiment. Export demand also weakened amid macroeconomic challenges, leading to a wait-and-see approach among market participants regarding inventory replenishment.
By August, the market shifted to a bullish sentiment as carbon disulphide prices strengthened due to tight supplies resulting from cracker outages and reduced production rates at several facilities. The cost support from sulphur became more pronounced, facilitating price increases despite volatility in upstream crude oil futures. Demand from the downstream sector remained moderate, with stable consumption from packaging and textiles, while export demand, particularly from Mexico and Latin America, saw a notable uptick. The prices of Carbon disulfide FOB Houston assessed in September 2024 were around USD 780/MT.
Supply dynamics continued to be a concern, with manufacturers facing challenges from plant shutdowns linked to Hurricane Beryl and ongoing negotiations between labor unions and maritime alliances threatening future supply chain stability. The U.S. Manufacturing Purchasing Managers' Index indicated a continued contraction, reflecting ongoing weaknesses in the manufacturing sector. Overall, the carbon disulphide market in North America faced challenges but showed resilience amidst shifting demand and supply conditions.
APAC
In Q3 2024, the Asia-Pacific (APAC) carbon disulphide market faced significant pressures, with prices remaining flat across key regions like China due to a combination of oversupply and weak downstream demand. Despite rising sulfur costs, the impact on carbon disulphide prices was minimal as sluggish demand from sectors such as cellophane and carbon tetrachloride persisted. China’s economy grappled with low domestic consumption and external trade challenges, which hindered industrial momentum and dampened growth expectations. Even with economic support measures, including interest rate cuts, the effectiveness was limited.
Production rates across APAC were adjusted downward to balance with tepid demand, with Chinese manufacturing PMI figures indicating ongoing contraction. Disruptions from Typhoon Gaemi further impacted supply chains, creating moderate congestion at ports and lengthening transit times. China’s industrial output grew below expectations, reflecting seasonal and environmental challenges. These conditions contributed to a cautious market atmosphere, where stock replenishment remained limited. The prices of Carbon disulfide FOB Shanghai assessed in September 2024 were around USD 620/MT
Demand dynamics were similarly low, with domestic and export markets reflecting conservative buying behavior. Limited transactions and reduced spot market activities indicated the broader market's hesitance, while stable but low purchasing rates from overseas further emphasized stagnant demand. APAC’s carbon disulphide market outlook remains bearish, with few signs of short-term recovery.
Europe
In Q3 2024, Europe’s carbon disulphide market showed significant tightening, driven by rising freight costs, constrained imports, and production challenges, particularly in Germany. After a steady period, prices began increasing in July as curtailed import volumes from Asia compounded already limited domestic supply. Shipping rates from Asia to Europe have soared, with 40-foot container rates surpassing USD 8,000, adding pressure on supply chains and deterring imports. Additionally, manufacturing slowdowns across Germany, combined with supply chain disruptions stemming from regional conflicts and heightened port congestion, further constrained carbon disulphide availability.
Demand remained moderately strong from key industries, including cellophane, carbon tetrachloride, and textiles, as the viscose and rayon markets maintained a steady pull on carbon disulphide. While consumer sentiment was somewhat dampened by rising inflation and cautious economic outlooks, need-based purchases sustained overall demand, particularly as some players looked to preemptively restock amid concerns over sulfur market disruptions. Despite a weak economic environment, downstream interest remained stable to slightly bullish. The prices of Carbon disulfide FD Hamburg assessed in September 2024 were around USD 970/MT.
European inflation rates and labor tensions also influenced market conditions. Inflation in Germany, the EU’s largest economy, rose to 2.5% in July, raising concerns over consumer spending and impacting European Central Bank policy discussions. Labor unrest in European ports contributed to congestion, extending vessel waiting times and leading to sporadic supply interruptions. Overall, Q3 2024 saw European carbon disulphide prices firming, with limited relief expected in the near term.
FAQs
1. What is the current Spot Price of Carbon Disulphide?
o USA (FOB Houston): USD 630/ton
o China (FOB Shanghai): USD 760/ton
o Germany (FD Hamburg): USD 800/ton
2. What is the Carbon Disulphide Price Forecast for Q3 2025?
o USA: Prices may remain weak due to inventory surplus and weak downstream consumption.
o China: Likely to remain firm due to strong domestic and regional demand.
o Europe: Flat to slightly bearish trend expected amid demand stagnation and increasing imports.
3. What factors influence the Carbon Disulphide Production Cost Trend?
o Key drivers include sulphur feedstock costs, natural gas prices, environmental regulations, and energy tariffs. Seasonal agrochemical production cycles and compliance shutdowns also influence manufacturing margins.
