For the Quarter Ending December 2022
In the fourth quarter of 2022, the Defoamer Surfactant market in the North American region was ambiguous. As the first half observed substantial operating loads at crucial trading facilities, in contrast, the second half of the quarter was suppressed to a certain extent. The extreme weather disruptions have halted operations and impacted both supply and demand in the domestic market. Although, the demand for Defoamer Surfactant already staggered on lower levels, and it was further hampered by the force majeure in facilities amidst the supply chain and power disruptions. On the supply side, it has also faced several issues regarding transportation facilities. As a ripple effect, the discussions for Defoamer Surfactant have remained on the lower side and consistently subdued throughout the period, with CFR Vancouver discussions assessed at USD 4092 per tonne in December.
Overall, the Defoamer Surfactant market in the Asia Pacific region has observed mixed sentiments in the fourth quarter of 2022, differing based on subregions. However, the bearish sentiment is a prominent dominating factor throughout the period. This development has been instigated by the weakened cost support from feedstock that has further coupled with hampered demand in the regional market. The future of palm oil has manipulated the mindset of producers tremendously, and the discussions for Defoamer Surfactant at the spot market consistently fluctuated. At the same time, the low operating loads amidst the COVID surge and restricting the cash outflow have levied a considerable impact on the demand for Defoamer Surfactant in the Asia Pacific region. As a ripple effect, the CFR Busan discussions were assessed at USD 3856 in December 2022.
In the fourth quarter of 2022, the Defoamer Surfactant market in Europe has substantially pressurized despite observing a substantial surge in offers. Since the market activities resumed in the previous quarter, the downstream players are consistently inquired about Defoamer Surfactant. Although, the decision of the market players and major operating facilities in the values chain decided to reduce the operations to curb high gas prices. As a ripple effect, it levied a considerable impact on the supply-demand for Defoamer Surfactant, and the FD Antwerp discussions for Defoamer Surfactant were assessed at USD 3678 per tonne in December.
For the Quarter Ending September 2022
In the third quarter of 2022, the Defoamer Surfactant market in the North American region slightly staggered downwards. This development is mainly attributed to the ease in the offers in the key feedstock Palm Oil, which has constantly hovered at a historic high since the fourth quarter of 2021. In addition, the demand side support remained adequate to keep the enthusiasm in the spot market buoyed. The market players consistently procure the Defoamer Surfactant to avoid hurricane-related disruption across the value chain. In addition, the rising inflation and the consistently strengthening of the USD presented numerous uncertainties regarding the hike in interest rates. As a ripple effect, the DDP USGC discussions for Defomer Surfactant were assessed at USD 3820 per tonne during the quarter ending September 2022.
Overall the Defoamer Surfactant market in the Asia Pacific witnessed mixed sentiments based on demand in the sub-regions during the third quarter of 2022. The Southeast Asian market has remained bearish amidst the lackluster demand and eased cost support from the key feedstock palm oil. Whereas the Chinese market witnessed a staggering upward trajectory in the offers amidst the power rationing and COVID curbs, the manufacturers also controlled the operational rates to sustain netbacks. As a ripple effect, the FOB Shanghai discussions for Defoamere Surfactant settled USD 3800 per tonne during the quarter ending September 2022.
The Defoamer Surfactant market in the European region witnessed a steep decline in offers during the third quarter of 2022. The limited commercial and economic activities have subdued the market sentiments, and the demand outlook has dropped steeply. At the same time, the cost support from the feedstock has also eased down, and the arbitrage remained dull throughout the first two months of the quarter. Meanwhile, supply from the international market remained snug as several ports in Europe faced major port congestions. However, manufacturers' morale improved in September after the market activities resumed. As a ripple effect, the FD Antwerp discussions for defoamer Surfactant were assessed at USD 3447 per tonne in September.
The Asian market of Defoamer surfactant showcased an upward trend throughout Quarter 2 of 2022, backed by the continued surge in demand in the downstream industries such as paints and coatings due to various construction projects initiated by the government in Q2 in the APAC region. The global supply chain experienced few disruptions due to the implementation of lockdown restrictions in China and the high inflation rate due to the ongoing War. Meanwhile, India witnessed an exponential rise in the prices of the product because of expensive shipments amid the shortage of shipping containers and crippled production to satisfy demand from the local market.
The European price of Defoamer surfactant surged considerably due to the significant rise in the costs of oleochemicals in the Quarter ending June 2022. The firm trend of Defoamer surfactant in Quarter 2 resulted from the ongoing Russia-Ukraine War, which led to a shortage of upstream palm oil and fatty acids. Furthermore, delays in the supply of cargoes from several container terminals' gateways due to the high inflation rate have led to a shortage of inventories. The supply disruption had impacted the traders' profit margins in the region. The price of Defoamer surfactant in the European market witnessed a rise of 3% in June.