Asia
The DASCC market in Asia experienced predominantly bearish trends throughout 2024. Q1 started with declining prices driven by subdued purchasing activity, though prices firmed up toward the quarter's end as seasonal demand emerged. The second quarter continued this downward trajectory as industrial activity remained low despite textile sector growth in India. Supply remained robust while demand stagnated, further pushing prices down.
By Q3, the negative sentiment deepened with consistent price declines across the region, influenced by oversupply, global supply chain disruptions, and reduced demand from key sectors. The fourth quarter saw a brief uptick early on, supported by India's textile industry, but this was short-lived as the broader global slowdown in textile exports and consumption weighed heavily on prices, causing significant reductions by November.
Europe
European DASCC prices demonstrated more volatility compared to other regions. The first quarter began with price declines amid reduced trading and adverse weather conditions but gradually strengthened as seasonal demand picked up. Q2 saw a distinct bullish trend driven primarily by substantially higher import costs from Asia, increased freight charges, and higher production expenses abroad.
The third quarter brought challenges as prices fluctuated within a narrow range due to global economic uncertainties, soaring freight costs and significant delays from Red Sea disruptions and port congestion. The final quarter of 2024 displayed a mixed trajectory - initial price declines stemmed from subdued demand across multiple industries, but the second half witnessed a recovery as textile and chemical sectors rebounded, while raw material costs rose and supply chain challenges persisted.
North America
In North America, DASCC prices followed a fluctuating pattern throughout 2024. The first quarter began with downward pressure due to post-holiday reduced trading activity and challenging weather conditions that hampered demand. By Q2, the market stabilized as pharmaceutical and textile industries maintained steady consumption patterns.
The third quarter saw mixed results as manufacturing costs slightly decreased, but geopolitical uncertainties created supply chain concerns. The final quarter of 2024 displayed a V-shaped trend - prices initially declined due to weak demand from textile and paper industries, but rebounded strongly in the latter half as industrial activity picked up seasonally and supply tightened due to production disruptions and logistical constraints.