Cyanuric Chloride Price Trend and Forecast

Regional Price Overview

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

Cyanuric Chloride Price Trend for the Second Half of 2023

Asia

The cyanuric chloride prices were observed to be wavering at the lower end of the curve during the second half of the year 2023. A consistent decline in international orders was stressing the cyanuric chloride inventories in the Asian markets, especially China and India. Domestic consumption was also not capable of providing sufficient support, and the market was found to be struggling to stay buoyant during the said period.

Cyanuric Chloride Price Chart

Please Login or Subscribe to Access the Cyanuric Chloride Price Chart Data
 

In the Chinese cyanuric chloride market, the monthly average prices went from around 2578 USD/MT (CIF, China) in July’23 to about 2450 USD/MT in December’23. Some reverse fluctuations were also witnessed when the quarters shifted; however, the general market sentiments were largely muted throughout the given period.

Europe

The European price trends for cyanuric chloride were not much different from the Asian market trends. Industrial consumption was already bearish as the third quarter began, and to aggravate the situation, the low industrial activity because of the long holiday season in the fourth quarter further trampled the market demands. Overall, dull market behavior was witnessed by cyanuric chloride during the last six months of 2023.

North America

The North American cyanuric chloride market showed some firmness compared to the other major global markets. The prices in the USA started on a dull note at the beginning of the third quarter but steadily picked up as the fourth quarter began. The supply in the US market was already a little tight when the growing Red Sea freight disturbances further curtailed the supply chains. Hence, the prices grew for cyanuric chloride, especially during the last quarter.

Analyst Insight

According to Procurement Resource, despite a few regional differences, Cyanuric Chloride prices are expected to slide further in the coming months. The global demands are still not looking good, so the price trends will continue to waver.

Cyanuric Chloride Price Trend for the First Half of 2023

Asia

The price trend of cyanuric chloride was dependent on the market momentum of its feedstock materials. The demand dynamics of downstream industries and rates of consumption from the consumer sector declined consistently in the first quarter of 2023. In the second quarter, while the Asian economy showed signs of improvement, the rates of production inclined, but the demand for cyanuric chloride continued to decline. As the quarter progressed, the financial signals again started bearing red signs, and demand from the end-user sector remained stagnant.

Europe

The consistently declining trading sentiments and plunging demand proved to be a challenge for the price trend of cyanuric chloride. The rates of exports also remained subdued as the international markets were already oversupplied with the excess availability of the product. In the second quarter, the purchasing potential of consumers, the high level of inventories, falling costs of energy, and the feeble movement of the European economy caused the price trend of cyanuric chloride to decline further.

North America

In North America, the purchasing potential of consumers and bearish demand from end-user industries hampered the growth of cyanuric chloride prices. In addition to this, the continuously rising levels of inventories and falling prices of crude oil supported this declining trend in prices of cyanuric chloride. The depreciation in prices was much more prominent in the second quarter, where the costs dipped by a double-digit percentage. The major cause of this decline was the feeble conditions of the US economy that affected the cyanuric chloride market negatively and ultimately resulted in the southward trend of its prices.

Analyst Insight

According to Procurement Resource, the price trend of Cyanuric Chloride is estimated to depict a falling trajectory as the support from the downstream industries and the current situation of the economy do not seem to support the rise in cyanuric chloride prices.

Procurement Resource provides latest prices of Cyanuric Chloride. 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.