Caustic Potash Price Trend and Forecast

Regional Price Trend

Get the latest insights on price movement and trend analysis of Caustic Potash in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Caustic Potash Price Trend for the First Half of 2023

Asia

During the initial half of the first quarter, the market of caustic potash faced a declining trajectory, given the pressure of inflation and the slow recovery of the Asia Pacific market from a long stretch of covid-19 restrictions. However, towards the end of the quarter, the caustic potash market regained its momentum with the surge in demand from the downstream agrochemical industries.

But the second quarter did not follow in the footsteps of the first quarter as the prices of caustic potash declined due to the problems of oversupply. In addition to this, there was a significant decline in the demand from overseas and domestic buyers, along with a reduction in the costs of production. The agrochemical industries witnessed slow growth that, in turn, also hampered the price trend of caustic potash in the Asia-Pacific region.

Europe

The pressure of inflation and the weak purchasing potential of buyers hampered the price trend of caustic potash in the first quarter of 2023. The European economy also witnessed a stagnant period that further led to a decline in the demand from the agrochemical and cleaning industries.

In the second quarter also, the cost of energy production, demand from downstream industries, and rising piles of stocks hampered the growth of the prices of caustic potash. The European sector also seemed to have entered into an initial phase of recession, due to which the markets struggled to maintain their momentum, and as a result, the price trend of caustic potash declined in Europe.

North America

The falling demand from the downstream industries and high inventory levels proved to be a problem for the market of caustic potash in the first quarter. The supply of the product in this quarter was enough to cater to the number of inquiries from overseas buyers, while the domestic market remained muted. Similarly, the second quarter was also not much different from the first as, in addition to the above challenges, the economic pressure of the failure of two major US banks led to a soar in the rates of inflation. This, in turn, lowered the buying potential of consumers and thus caused the price trend of caustic potash to move southwards.

Analyst Insight

According to Procurement Resource, the price trend of Caustic Potash is estimated to showcase a falling trajectory as the demand from agrochemical and related industries is slumping, which will cast a negative impact on the market.

Procurement Resource provides latest prices of Caustic Potash. 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.