HEDP (Etidronic Acid) Price Trend and Forecast

Regional Price Overview

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

HEDP (Etidronic Acid) Price Trend for the Second Half of 2023

Asia

During the initial months of H2 of 2023, pricing dynamics for HEDP (Etidronic Acid) experienced fluctuations owing to the escalating cost of feedstock phosphorus trichloride. The market witnessed a rapid depletion of inventories as increased mining activity in China led to a scarcity of low-cost phosphorus rock.

HEDP (Etidronic Acid) Price Chart

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On the other side, demands from downstream sectors such as metallurgical and fertilizer industries diminished, forcing the stockholders to adopt destocking activities and offer high discounts on bulk purchases. Moreover, feedstock acetic acid prices also remained depressed throughout the quarters, intensifying the challenging outlook for the HEDP (Etidronic Acid) market.

Europe

In the third and fourth quarter of 2023, the decline in the cost of Chinese imports and other overseas commodities posed a serious threat to European-made domestic markets, which in turn faced the ill consequences of increased market competitiveness. Due to intense competition in the market and China's dumping tactics, local producers' profit margins shrank. Further, rising raw material costs and ongoing inflation damaged consumer confidence and increased pricing pressure on the HEDP (Etidronic Acid) market.

North America

HEDP (Etidronic Acid) prices continued to showcase a declining trend in the US domestic market, even with the increase in the sales figures of the downstream industries. This reduction in the prices was based on the low to moderate demand, inexpensive imports from China, droughts in the Panama Canal, and growing inflation. The dealers thus discounted market rates to clear out their inventory in order to adjust the level of stockpiles in accordance with the demand dynamics.

Analyst Insight

According to Procurement Resource, the price trend of HEDP (Etidronic Acid) is estimated to showcase limited growth in the upcoming quarters as the trade challenges and rising competition in the market will affect the market negatively.

HEDP (Etidronic Acid) Price Trend for the First Half of 2023

Asia

The price of HEDP (Etidronic Acid) experienced a sharp decrease during the initial two quarters of 2023 due to a widening disparity between its supply and demand. This decline was observed both domestically and internationally as minimal new orders from agricultural sectors downstream led to a downward trajectory in HEDP (Etidronic Acid) prices.

Additionally, manufacturing operations also faced a downturn amidst adverse economic circumstances, resulting in a significant decrease in export rates, while import levels remained steady, contributing to an increase in inventory levels. In order to curtain the soaring inventories, the traders eventually had to reduce their price quotations of HEDP (Etidronic Acid) by offering significant discounts on bulk sales.

Europe

The ill consequences of weak economic conditions and the slowing of the industrial sector were well evident in the trajectory of the HEDP (Etidronic Acid) price trend. Another major obstacle to the HEDP (Etidronic acid) market dynamics was the persistent underperformance of downstream sectors, which themselves were affected by the growing rates of inflation and interest. A nearly double-digit fall in export rates further indicated muted consumer interest and slowing worldwide demand. However, there was some relief from the feedstock industries as they showcased slight improvement in the later stages of H1 but still fell short in front of adverse market conditions.

North America

During the initial months of the first quarter of 2023, there was no advancement in the downstream fertilizer sectors, which projected a negative influence on the HEDP (Etidronic Acid) price trajectory. However, as the quarters grew, there was a notable decrease in the demand for phosphorus trichloride from both domestic and global purchasers, hampering the stagnancy and stability of the market and leading its prices in a downward direction. Additionally, in view of struggling economic conditions and dwindling consumer confidence in the sector, the traders also found it difficult to sustain their high quotations.

Analyst Insight

According to Procurement Resource, the price trend of HEDP (Etidronic Acid) is expected to experience a continuous downfall as the cost of feedstock materials and current market dynamics of downstream industries do not seem to be supporting the momentum of HEDP (Etidronic Acid).

Etidronic Acid (HEDP) Price Trend for the Second Half of 2022

Asia

The market of Etidronic acid depended upon the prices of its feedstocks i.e., phosphorous trichloride and acetic acid. The price trend of phosphorous acid and acetic acid declined in the second half of 2022. The decline was majorly attributed to the low demand and trade disruptions due to the surge in covid cases. The sluggish behaviour of the market and the shutdown of various acetic acid-producing plants fueled the declining price trend of Etidronic acid.

Europe

In Europe, the commodity suffered from low downstream demand and unpredictable natural gas production costs. The prices of feedstock materials were on the lower side as compared to the previous quarters.

The ongoing Russia-Ukraine war further disrupted the trade order and the consumers remained silent as the downstream demand declined in the region. The acetic acid market was adversely affected as its availability suffered from uncertain supply and logistics challenges. Thus, the price trend of Etidronic acid followed a downward trajectory in the last two quarters of 2022.

North America

In North America, manufacturing and industrial activities took a hit as the cost of crude oil and natural gas soared in the region, and with the sanctions imposed by the West on Russian supplies, the situation became much more dire. Phosphorous trichloride prices fell in the region due to the complete shutdown of major factories leading to a slump in the region’s supply. The low level of new orders further aided this decline.

Analyst Insight

According to Procurement Resource, the prices of Etidronic Acid are expected to oscillate in the upcoming quarter. The feedstock material, production, and energy costs are estimated to determine the direction in which the price trend of Etidronic acid will move.

Procurement Resource provides latest prices of HEDP (Etidronic Acid). 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.