Product
Carbon Monoxide Price Trend and Forecast
Carbon Monoxide Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Carbon Monoxide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Carbon Monoxide Price Trend for the First Half of 2023
Carbon Monoxide is sourced from petroleum products and crude oil and is heavily dependent on the availability and price fluctuations in the same. Crude oil prices remained fluctuating throughout the said period. Especially for Asia, as both India and China, the major manufacturers in the region, had access to cheap Russian oil. So, the prices here remained dull for Carbon Monoxide as well.
European supplies were hampered the most because of the sanctions on Russian imports. The inclined prices didn’t affect the Carbon Monoxide prices as the European markets were mostly dependent on cheap Asian imports. Hence, the Carbon Monoxide prices exhibited bearish sentiments in Europe.
In US domestic market, the price trends for the Carbon Monoxide market remained dull and plunging as the crude oil prices remained low and the downstream demands from the pharma and chemical industries also remained in a slump. Overall, a global slowdown was observed in the Carbon Monoxide market.
Analyst insight
According to Procurement Resource, the Carbon Monoxide market is expected to strive for stability; however, the crude oil prices do not seem to be picking up anytime soon. It will take some sharp swings in demand dynamics to see improvement in market fundamentals.
Carbon Monoxide Price Trend for Second Half of 2022
The price trend for carbon monoxide is mostly affected by the availability and market condition of its feedstock materials such as hydrocarbons. The price trend in the European region suffered from disruptions in the oil and gas trading activities due to the ongoing conflict between Russia and Ukraine. The upstream product prices were soaring high globally due to the ripple effects of the war. As Europe is one of the significant consumers of carbon monoxide, the restrictions imposed on Russian products have affected the price trends for carbon monoxide negatively in the region.
However, the significant growth in home improvement industries, high demand from industrial and heating industries, and the high value of coal have pushed the price of carbon monoxide towards a higher side. Thus, the price trends for carbon monoxide inclined owing to the high production cost of energy and restricted imports from the Russian region.
Analyst Insight
According to Procurement Resource, the price trends for Carbon Monoxide are expected to incline in the upcoming quarters. The rising demand from the end-user industries amid the current energy crisis will likely drive carbon monoxide prices.
Carbon Monoxide Price Trend For the First Half of 2022
Carbon monoxide is obtained via the partial combustion of hydrocarbon, mainly from crude oil and natural gas. The oil and gas prices surged globally due to the Russian invasion of Ukraine, causing the upstream costs to rise. Carbon monoxide price trends are heavily influenced by the upstream feedstock costs rather than the demand side.
The demand for carbon monoxide remained strong in the colder regions due to industrial and domestic heating. With the European embargo on Russian oil and western sanctions, the oil prices reached unprecedented levels owing to trade bottlenecks and disrupted supply chains.
Hence, the prices of carbon monoxide remained afloat globally during the first half of the year. However, towards the end of June, the prices began to stabilize due to the relaxation in crude oil and natural gas prices.
Procurement Resource provides latest prices of Carbon Monoxide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Carbon monoxide is an odorless, colorless gas formed by the incomplete combustion of fuels. Carbon monoxide consists of one carbon atom and one oxygen atom connected by a triple bond. There are several environmental and biological sources that generate and emit a significant amount of carbon monoxide.
When people are exposed to CO gas, the CO molecules displace the oxygen in their bodies and lead to poisoning. Since CO has no odor, color, or taste, it cannot be detected by our senses, which means that dangerous concentrations of the gas can build up, and humans have no way to detect the problem until they become ill. It is also one of the major greenhouse gases responsible for climate change.
Product Details
| Report Features | Details |
| Product Name | Carbon Monoxide |
| HS CODE | 28112940 |
| CAS Number | 630-08-0 |
| Industrial Uses | Pharmaceuticals, Metal Industry, Chemicals like methanol, Fragrances, Food and Beverages, Electronics |
| Chemical Formula | CO |
| Synonyms | Carbonic oxide, Carbonous oxide, Carbon(II) oxide |
| Molecular Weight | 28.010 g/mol |
| Supplier Database | Air Liquide, Linde Plc., Sipchem, Messer, American Gas Products, Praxair |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Process
- Carbon Monoxide Production from Carbon and Oxygen; from Metal Oxides; from Carbon Dioxide; from Steam and Carbon; from Producer Gas
Via Producer Gas: Producer gas is prepared by simultaneously blowing coke or coal with air and steam. In an oven, the air is passed through a coke bed, and the initially produced carbon dioxide reacts with the remaining hot carbon to produce the desired carbon monoxide.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
Table Of Contents
Assistance from Experts
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Client's Satisfaction
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Assured Quality
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.