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Potassium Carbonate Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Potassium Carbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Potassium Carbonate Price Trend for the October - December of 2023
The Asian Potassium Carbonate industry experienced mild oscillations during the fourth quarter of the year 2023. The price graph for Potassium Carbonate readily mimicked the variations in the feedstock potassium hydroxide or caustic potash prices; the fluctuations were confined within closed limits for Potassium Carbonate prices.
Regular market demands from the downstream mechanical, fire retardant, glass, soap, etc. industries pushed the market trend in a positive direction; however, the high stockpiles pulled the trend down. The intricate interplay between the above opposing dynamics caused the concerned Potassium Carbonate to vary during the said period of Q4’23.
The European Potassium Carbonate market trend were no different from the Asian markets. The market demands were largely underwhelming, and the supply constraints due to the freight disturbances also could not support the offshore Potassium Carbonate trade. Overall, swift variations in the Potassium Carbonate market trend were observed in the European markets during the given quarter of the year 2023.
Some borderline stagnancy was observed in the North American Potassium Carbonate market as the supply and demand dynamics exuded some levels of stability during the said period. Though there were some issues in the latter half of the quarter because of various geopolitical stresses, the Potassium Carbonate market strongly followed its feedstock caustic potash market throughout the given time.
According to Procurement Resource, Potassium Carbonate price trend are likely to remain fluctuating in a similar manner going forward. The prices are likely to vary within limited ranges in the coming months as well.
Potassium Carbonate Price Trend for the July-September of 2023
The Asian potassium carbonate market experienced wavering price trend during the third quarter of the year 2023. Since the Chinese industries started opening up at a slow pace after the COVID-19 restrictions were removed, the previous quarters have been slow for potassium carbonate. However, the market started picking up pace in the discussed span.
The steady rise was evident in the consistent incline of downstream demands during the said period. A hike in the feedstock potassium hydroxide and carbon dioxide prices, too supported the positive elevations in the potassium carbonate price graph. However, the second half of the quarter saw the price trend backtracking slightly since the overflowing inventory stocks started dominating the price patterns. So, with slight increments in the first half and decrements in the second half, the potassium carbonate price trend fluctuated within a narrow range during the given period of the third quarter of the year 2023.
The potassium carbonate prices in Europe fluctuated in a similar manner as they did in the Asian market in Q3’23. The first month of the quarter had a good start at the price graph; however, the following months slowed down. These price patterns were mostly influenced by the demand spectrum from downstream welding and glass industries. Overall, mixed market sentiments were observed.
The American potassium carbonate market experienced a continuous decline during the said period. The downstream industries were in a slump primarily because of the heightened interest rates in the region. The general market outlook was observed to be regressive during the said period.
According to Procurement Resource, the Potassium Carbonate price trend are likely to remain fluctuating in the coming months given the uncertainties in the market dynamics.
Potassium Carbonate Price Trend for the First Half of 2023
In the Asian region, the Chinese market was still recovering from the lockdown after-effects, so the market was slow and posed very limited queries for Potassium Carbonate. The Chinese market didn’t get much growth; on the other hand, the Indian market had a fairly stable start.
Even with limited offtakes, the supplies were uninterrupted, so the inventories kept getting burdened with excess supplies. In order to promote inventory movement, the suppliers discounted the prices, which resulted in further depletion of the market trend. So, with varied price patterns, the Potassium Carbonate performed poorly in China and had a mo0derate run in India.
The European Potassium Carbonate market exhibited bearish sentiments throughout the discussed period. An overall economic slowdown in the region because of the war between Russia and Ukraine affected the overall industrial output. The high inflation and costs of living substantially reduced the market purchases, ultimately reducing the product demands. With limited purchases and high supplies, the prices had to be reduced to facilitate trade. Overall, Potassium Carbonate had a dull performance in Europe in H1’23.
Just like Europe, the American economy was also struggling with rising inflation and living costs. With the collapse of two major US banks, the interest rates had also skyrocketed; such economic conditions limit the end-user customer base. Hence, the Potassium Carbonate market exhibited feeble sentiments in the American market as it was primarily driven by dull downstream demands.
According to Procurement Resource, the price trend for Potassium Carbonate are likely to fluctuate in the upcoming quarter, given the current market dynamics amid economic turmoil.
Procurement Resource provides latest prices of Potassium Carbonate. 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.
Potassium carbonate is a dipotassium salt of carbonic acid. It is an odourless deliquescent white powder and is hygroscopic in nature. It dissolves readily in water but is insoluble in alcohol, acetone, and ethanol. It has applications in producing glass, soaps, wire or mead, etc.
|Fire retardant, welding fluxes, buffering agent, mild drying agent, glass, soaps
|Carbonate of potash, Dipotassium carbonate, Pearl ash
|Evonik Industries AG, UNID GLOBAL Corporation, Oxy (Occidental Petroleum Corporation), Armand products, Vynova Group, AGC Chemicals, Gujarat Alkalies and Chemicals Limited, Altair Chimica
|Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|US$ (Data can also be provided in local currency)
|Supplier Database Availability
|The report can be customized as per the requirements of the customer
|Post-Sale Analyst Support
|360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The reaction between potassium hydroxide and carbon dioxide produces potassium carbonate. The reaction results in the formation of hydrated potash, which is further heated to give the hydrated potassium carbonate salt.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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Phone:+1 307 363 1045
Phone: +91 1203185500
Phone: +44 7537 132103