Fumed Silica Prices Trend, Monitor, News, Analytics and Forecast | ChemAnalyst
Fumed Silica Prices: During the Quarter Ending December 2023
North America:
In the fourth quarter of 2023, the North American Fumed Silica market displayed a mixed performance. October saw a temporary pause in buying activities as buyers anticipated imminent price increases due to newly imposed import tariffs, with European buyers suspending imports from the USA. However, there was a surge in Fumed Silica imports into the country driven by efforts to support local producers in Brazil. Cautious buyer behavior, economic uncertainties, and rising input costs influenced pricing trends.
November brought a moderate supply of Fumed Silica, ensuring a steady flow of the product. Demand remained low, particularly in the downstream construction industry due to a labor shortage, resulting in a downtrend in market dynamics.
The price of Fumed Silica in the USA at the quarter’s end was USD 5644/MT DEL Houston.
Get Real Time Prices of Fumed Silica: https://www.chemanalyst.com/Pricing-data/fumed-silica-1379
APAC:
In the fourth quarter of 2023, the APAC Fumed Silica market experienced mixed conditions. The Japanese market saw a significant price surge in October driven by increased demand from the downstream construction industry, alongside supply challenges due to global price surges.
High product supply, resulting from proactive inventory building, exerted downward pressure on prices, leading to a bearish market sentiment for November and December. Low demand, primarily from the construction sector, further contributed to price declines.
Overall, the APAC Fumed Silica market in the fourth quarter of 2023 was characterized by low supply, low demand, and fluctuating prices. The quarter-ending price for Fumed Silica FOB Tokyo, Japan, was USD 5709/MT.
Europe:
The fourth quarter of 2023 posed challenges for the European Fumed Silica market, with prices declining steadily in November and December. October saw a slight price increase, breaking a year-long trend of decline, amidst challenges in the manufacturing sector.
November witnessed a sharp downturn in the construction industry and increasing interest rates, discouraging potential projects. Abundant supply exceeded domestic requirements, further dampening demand and resulting in decreased new orders for manufacturers.
Despite economic uncertainty, Belgium experienced significant price changes, with prices decreasing by 3% compared to the previous quarter and 20% lower than the same period last year. The quarter-ending price for Fumed Silica in Belgium was USD 5163/MT FD Brussels.
Get Real Time Prices of Fumed Silica: https://www.chemanalyst.com/Pricing-data/fumed-silica-1379
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