Sample Graph
[Unit = USD/Tonnes]
Sample Graph
[Unit = USD/Tonnes]
Sample Graph
[Unit = USD/Tonnes]
Sample Graph
[Unit = USD/Tonnes]
Sample Graph
[Unit = USD/Tonnes]
Sample Graph
[Unit = INR/Tonnes]
For the Quarter Ending September 2023
North America
In the third quarter of 2023, the US Dipotassium EDTA market witnessed a decline in pricing. This was primarily driven by a reduction in overall demand for Dipotassium EDTA during this period, leading to a decrease in market prices. Multiple factors played a role in this price decrease, including weakened demand from the food and beverage industry, a slowdown in demand from the oil and gas sector, and an increase in the supply of Dipotassium EDTA. Additionally, as the principal importer of Dipotassium EDTA, US prices were influenced by the falling prices in exporting countries. Moreover, recent developments in trade, coupled with a significant reduction in sea freight and ease in port congestion, have contributed to cost reductions that have affected market dynamics. The availability of domestic supply and reduced demand in both domestic and international markets exerted downward pressure on Dipotassium EDTA prices. The global economic slowdown has prompted market participants to be cautious in placing bulk orders, and speculators are actively trading Dipotassium EDTA futures in anticipation of further price declines, which has also played a role in the overall price reduction.
Asia
In the third quarter of 2023, the Asia-Pacific market for Dipotassium EDTA experienced an overall decline. The market saw stable price increases in July due to consistent demand from downstream industries. Although demand was mixed, buyers maintained small inventories of standard-sized materials with quick delivery options. Demand from downstream sectors grew as sales streamlined and improved in the spot market. However, in August, prices started to decrease. During this period, Indian suppliers faced challenges in exporting due to uncertain economic conditions in China and the USA, significantly impacting global trade and reducing market optimism. Additionally, suppliers had significant Dipotassium EDTA stockpiles, which led to price adjustments aimed at expediting product turnover. Some market participants reduced their inventories to improve cash flow, further reducing the price. The Purchasing Managers' Index (PMI) for the Indian manufacturing sector in Q3 2023 was 57.5, indicating continued expansion but slower than the previous quarter. This slowdown was attributed to a decrease in new orders and output. By the end of Q3, Dipotassium EDTA prices were recorded at USD 4212.68 per metric ton, reflecting a quarterly average decline of 3.06%.
Europe
In the third quarter of 2023, the European market for Dipotassium EDTA experienced price fluctuations. This was primarily due to a decrease in overall demand for Dipotassium EDTA during this period, reducing market prices. Several factors contributed to this decline, including weakened demand from the food and beverage industry, a slowdown in demand from the oil and gas sector, and an increase in the supply of Dipotassium EDTA. Furthermore, as the major importer of Dipotassium EDTA, European prices were affected by the declining prices in exporting countries. Additionally, recent developments in tariffs between China and Europe, along with a significant reduction in sea freight congestion, have played a role in influencing the market position by reducing costs. The availability of domestic supply and reduced demand in both domestic and international markets also exerted downward pressure on Dipotassium EDTA prices. The global economic slowdown led market participants to refrain from placing bulk orders, and speculators are actively selling Dipotassium EDTA futures in anticipation of future price declines, further contributing to the overall price decrease.
For the Quarter Ending June 2023
North America
In the second quarter of 2023, Dipotassium EDTA prices in the US market showed volatility in price developments. Overall, prices fell significantly, but the last months of Q2 2023 showed signs of easing market conditions. Due to sporadic fluctuations between supply and demand throughout the month. Market trading fundamentals were impacted by weak demand and high inventories. Retailers also struggled with the bloating of inventory they ordered to meet the surge in demand during the epidemic, despite stagnant demand. Energy costs have also fallen in recent months, reflecting a slowdown in the global economy, and falling oil prices have further supported the downtrend in Dipotassium EDTA. In late June, Dipotassium EDTA prices rose in the US market, mainly due to increased demand. Challenges such as rising interest rates, rising costs of living, and declining personal household savings will slow the economic upswing in the coming months. Weakness in foreign demand can be seen in various fields.
APAC
The Asia-Pacific Dipotassium EDTA market showed a mixed trajectory in Q2 2023. The price as of the end of Q2 2023 was valued and corresponds to a quarterly average incline of 0.01%. The market for Dipotassium EDTA API observed a stable inclination in the price trajectory. The fact that local retailers had enough stock on their shelves contributed to the stable market situation for Dipotassium EDTA. Also, the production cost at the commencement of Q2 2023, was witnessed to be on the lower side as domestic Raw material formaldehyde and the Caustic potash market was operating to be weak and consolidated. A decrease in supply, accompanied by enough inventories among the suppliers kept the market weak. Later, In June, the price of Dipotassium EDTA in India's nutraceutical industry began to rise. This was due to several factors, including increased demand from end-users and limited supply from suppliers. Suppliers were able to raise their prices because they knew that there was a limited supply of Dipotassium EDTA available. Also, the country's major ports handled a record-breaking cargo volume of 795 million metric tonnes, up 10% from the previous year. This was driven by strong growth in both exports and imports.
Europe
Overall demand for Dipotassium EDTA declined in the second quarter of 2023, leading to lower market prices. Weak demand from the food and beverage industry, slowing demand from the oil and gas sector, and increased supply were some of the factors that kept the market down. German Dipotassium EDTA prices fell in April due to lower raw material imports from exporting countries such as China and chronically weak demand from downstream industries. In addition, tariffs between China and Europe have recently returned to pre-pandemic levels and congestion has eased significantly, lowering sea freight costs, both of which are impacting the company's position. The availability of domestic supply and lower demand in domestic and international markets impacted commodity prices. Increased production capacity in India, the world's largest Dipotassium EDTA producer increased the supply of Dipotassium EDTA. This has increased the supply of Dipotassium EDTA in the global market. However, the slowdown in the global economy has reduced demand for Dipotassium EDTA. Speculators are also selling Dipotassium EDTA futures in anticipation of future price declines, which is also putting downward pressure on prices.
For the Quarter Ending March 2023
North America
The price of Dipotassium EDTA CFR in New York decreased from January to March 2023 as a result of the prolonged market volatility in the USA. Dipotassium EDTA imports from China were capped during the first week of January due to the country's Golden Week. Domestic providers were able to meet the total demand thanks to their large stocks, and offtakes in the end-user industries were stable throughout the quarter. Due to weather issues, Russia's turmoil in Ukraine, and China's Covid lockdowns, supply chains were dangerous for the majority of the quarter. However, when the economy started to expand in the second part of the year, there was a steady improvement, and the ports experienced a considerable decline in ship backlogs following a protracted port backlog.
Asia Pacific
Dipotassium EDTA prices in China showed a decreasing price trend during the first quarter of 2023 in the Asia Pacific region, with Ex-Vadodara values falling from $5084.29/MT to $4626.37/MT from January to March. Due to the closure of manufacturing facilities for the spring festival, Dipotassium EDTA orders in China decreased steadily during the first week of October. Chinese traders had to deal with a variety of conflicting signals following a one-week hiatus, making it difficult for the market to catch up to the modest increase observed in several downstream industries during the first half of Q1. Large stocks made it possible for domestic producers and suppliers to satisfy the entire quarter's demand. The administration amended its zero-covid rules in response to criticism and significant unrest in the nation, which once more left the nation exposed.
Europe
In Europe, Dipotassium EDTA prices showed a downward tendency in the first quarter of 2023, with CFR Hamburg values dropping from January to March. Demand in Germany remained on the weaker side throughout the quarter, which made it difficult for the pharmaceutical and nutraceutical industries to plan ahead and stay afloat. This was in addition to rising energy and raw material prices. Despite growing energy prices and supply-chain concerns, Germany's industrial production barely increased in January. However, the circumstances in the instances involving Russia and Ukraine all continued to impact the state of the market in general negatively.
