For the Quarter Ending September 2021
North America
In the North American region, the Phosphorous Trichloride prices in the US showed strength while the demand showcased an upward trajectory during the 3rd quarter of 2021. Key players indicated towards acute tightness in the raw material Yellow Phosphorous supply as the factor restraining local production. As global availability of raw materials was substantially reduced, manufacturers were heard cautiously monitoring the cost developments and reviewing its regional pricing accordingly.
Asia
The Asian market witnessed a significant rise in the prices of Phosphorus Trichloride during the third quarter of 2021. In India, discussions of Phosphorous Trichloride remained firm due to extended supply issues from the overseas market and prevalent demand patterns. Besides, consistent rise in prices of feedstock Phosphorus in the Chinese market also supported this consistent price surge. Following an uptrend, Phosphorous Trichloride prices escalated from USD 1251/MT to USD 1952/MT from July to September. Key Asian traders were seen struggling with the availability of Phosphorous since a long time. In line with widened demand and supply gap, several Asian players were heard positively adjusting the prices to offsetting the higher cost of yellow phosphorous. Tight supply situation was further exacerbated by Chinese authorities restricting the high energy consuming production of yellow phosphorous in several provinces starting September.
Europe
The overall market outlook of Phosphorus Trichloride demonstrated an upward trajectory across the European region in Q3 of 2021. As regards to the raw material supply and demand situation, the price of Phosphorous Trichloride rose significantly during Q3, and transactions remain strong. Demand from the downstream fertilizers sector remained strong. Lack of Phosphorous supply from China continued to deter production levels in key European countries. Average selling prices of several downstream fertilizers remained at their historic high due to escalating raw material costs.
For the Quarter Ending June 2021
North America
Phosphorous Trichloride market showcased sturdiness during this quarter across North America region. The demand remained consistent for Phosphorous Trichloride in Q2 2021 in USA, as the offtakes was ample from the downstream sectors like pharma, pesticides and additive segments. Therefore, a significant rise in price of Phosphorous Trichloride was observed in USA, majorly driven my agrochemical segment of the country. In addition, critical shortage of feedstock Chlorine in the country, also exacerbated the overall price hike of the product during this timeframe.
Asia
Phosphorous Trichloride market remained sturdy during this quarter in Asia, supported by firm offtakes from the downstream sectors. In China, price of Phosphorous Trichloride remained firm throughout the quarter, supported by consistent offtakes from the domestic agriculture and pharmaceutical sector. While in India, prices declined in May, as the offtakes reduced from the downstream manufacturers, and many manufacturers faced shortage of labour force, under the pandemic restrictions in the country. Therefore, prices of Phosphorous Trichloride were reduced from USD 1257/MT to USD 1105/MT in India during the month of May. However, prices rebounded effectively in June, with decline in pandemic cases in the country.
Europe
European Phosphorous Trichloridemarket witnessed firm demand from the agrochemicals sector. During this quarter, European agrochemicals sector was flourishing, which induced the demand for several agrochemicals including Phosphorous Trichloride across the region. In addition, revival in economic activities across major countries after pandemic devastation in the previous quarter boosting the demand for Phosphorous Trichloride from oil additive segment.
For the Quarter Ending March 2021
North America
Phosphorus Trichloride demand from the agrochemical sector of North America remained low during this quarter. After severe winter weather was across several parts of North America, agricultural activity across these areas remained halted and demand for agrochemicals remained low. However, despite of low demand, imports remained modest but lower than the prior quarter. Critical weather conditions across the US gulf coast didn’t much affect the availability of Phosphorus Trichloride and no such shortage was observed.
Asia
In the Asian market, demand for Phosphorus Trichloride remained low in several downstream segments. However, the export demand was higher than expected in major Asian countries like India and China. In the Indian market, regardless of the upcoming crop season, abundant availability reduced the prices of Phosphorus Trichloride in the country. In addition, the presence of alternative pesticide and herbicides also cut the demand and reduced exports. In the Indian markets, price of Phosphorus Trichloride dwindled by more than 9% within Q1 due to low demand from the domestic and international market, to settle at USD 882/MT during March.
Europe
Despite of high demand for several agrochemicals from the agriculture sector, offtakes of Phosphorus Trichloride remained poor during this quarter across the region. After the arrival of spring season, domestic demand for fertilizers skyrocketed in a very short span of time but the demand for Phosphorus Trichloride remained low due to the availability of other alternatives. However, demand showed some improvement during the end of Q1 and is further anticipated to improve in the forthcoming months.
Quarter ending result for December 2020
Asia
During Q4 2020, the prices of Phosphorous Trichloridereduced significantly due to its subdued demand form the agrochemical sector. Consequently, in India its prices reduced from 1050.07 USD/tonne (October 2020) to 992.57 USD/tonne (December 2020) due to tumbling demand from the Indian agrochemical sector. The reduction in prices was also driven by lower export demand from several countries under fear of another lockdown from the buzz of new Coronavirus.
North America
Several natural calamities like multiple hurricanes and droughts impacted the production of Phosphorus Trichloride in North American. Hurricanes induced force majeure on several plants across US Gulf caused an adverse impact upon the mining activities at Cote Blanche mines. These conditions led and t led to the shortage of minerals across the region and thus slumped the availability of Phosphorus Trichloride.
