Potassium Silicate Prices, Trend, Monitor, News & Forecast | ChemAnalyst
Potassium Silicate Prices: During the Quarter Ending December 2023
North America:
In the final quarter of 2023, North America’s Potassium Silicate market witnessed notable shifts, influenced by a variety of factors shaping prices and market dynamics.
To start, there was a modest decline in demand, notably within the construction sector, which experienced limited growth. This dip stemmed from reduced purchasing activity and fewer orders for Potassium Silicate. Concurrently, the market saw a moderate supply of Potassium Silicate, thanks to a consistent flow from traders. However, the combination of subdued demand and ample supply exerted downward pressure on prices.
Among the countries in the region, the United States saw the most significant price fluctuations. This decline was primarily driven by subdued demand and surplus supply. Towards the quarter’s end, there was a slight uptick in demand in the US market, resulting in a minor price increase. Overall, the Potassium Silicate market in North America during the fourth quarter of 2023 was characterized by subdued demand, a moderate supply, and a slight overall decline in prices.
Get Real Time Prices of Potassium Silicate: https://www.chemanalyst.com/Pricing-data/potassium-silicate-1305
APAC:
The fourth quarter of 2023 in the APAC region posed challenges for the Potassium Silicate market. It witnessed a bearish trend due to sluggish demand and an oversupply of the product. One major factor influencing this trend was the downturn in the construction industry, leading to reduced demand for Potassium Silicate. Moreover, the availability of cost-effective imported goods intensified the downward pressure on prices.
South Korea experienced significant price changes, with a notable decrease of -21% from the previous quarter. This decline was driven by a decrease in new orders and cautious buyer behavior due to high-interest rates. Despite these challenges, there was no notable plant shutdown during this period. The quarter concluded with Potassium Silicate Glass Grade CFR Busan in South Korea priced at USD 1000/MT.
Europe:
In the fourth quarter of 2023, Europe’s Potassium Silicate market faced challenges but showed signs of recovery toward the end of the quarter. Demand for Potassium Silicate remained consistently low, mainly due to the slowdown in the construction sector, a major consumer of the product. Reduced activity in construction led to weakened demand and subsequently impacted prices.
Additionally, a surge in Potassium Silicate prices occurred in December due to a supply shortage. Producers responded to low consumption and economic slowdown by cutting production, resulting in a shortage of the product in the European market. Despite this, increased global demand exacerbated the supply shortage. Availability of the product remained moderate, with no reported plant shutdowns affecting the supply chain.
Overall, the Potassium Silicate market in Europe experienced a bearish trend during the fourth quarter of 2023, with Potassium Silicate Glass Grade FD Darlowo in Poland quoted at USD 1215/MT at the quarter’s end.
Get Real Time Prices of Potassium Silicate: https://www.chemanalyst.com/Pricing-data/potassium-silicate-1305
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