Phosphorus Pentachloride Price Trend and Forecast

Regional Price Trend

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

Phosphorus Pentachloride Price Trend for the First Half of 2023

Asia

The trend of phosphorous pentachloride showcased restricted growth in the first quarter due to the onset of the Lunar holidays in China. The drop in demand, along with high uncertainties in the sales of electric vehicles, led to a loss in the number of new orders. In addition to this, feeble support from the upstream industries and the declining trajectory of battery manufacturing pushed the price trend of phosphorous pentachloride into the negative zone.

In the second quarter, the dip was not as significant as observed in the first quarter. The market movements were affected by the declining cost of feedstock, constriction in manufacturing activities, and a hike in demand for phosphorous pentachloride in electric devices. There were some month-to-month fluctuations, but overall, the price trends were stable compared to the first quarter.

Europe

The fall in phosphorous pentachloride prices in Europe was due to the ongoing Russia-Ukraine crisis that caused the energy cost hike in the region. This led to a rise in the inflation rates, and with weak demand from the dye manufacturing and synthesis sector, the trend of phosphorous pentachloride took a dip.

In the second quarter also, the market recovered slowly. The manufacturers struggled with the low level of exports from Asian countries due to the low appetite of purchasers. The influx of imports from Russia led to a rise in competition, and thus, the traders were forced to reduce their price quotations.

North America

In North America, the declining new orders, slow pace of the market, and drop in the sales of electric vehicles negatively affected the price trend of phosphorous pentachloride in the first quarter. However, in the second quarter, the market for electric vehicles saw a rise in their sales which also led to a rise in competition in the US market. The heightened interest of investors hampered the rise in the prices of phosphorous pentachloride.

Analyst Insight

According to Procurement Resource, the price trend of Phosphorus pentachloride is expected to showcase a mixed trajectory as the market dynamics of electric vehicles will dictate the movement of phosphorous pentachloride prices.

Procurement Resource provides latest prices of Phosphorous Pentachloride. 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.