Sio2 (Precipitated Silica) Price Trend and Forecast

Precipitated Silica Regional Price Overview

Get the latest insights on price movement and trend analysis of Sio2 (Precipitated Silica) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Sio2 (Precipitated Silica) Price Trend for the Q3 of 2024

Asia

The Asian Precipitated Silica market experienced nuanced dynamics, with China presenting a distinctive landscape. Economic uncertainties and a sluggish real estate market created divergent price movements across the region. While overall market stability prevailed, Chinese market conditions stood out with more pronounced challenges. The region's industrial sectors, including manufacturing and construction, maintained steady Precipitated Silica consumption, albeit with reduced enthusiasm compared to previous quarters.
 

Sio2 (Precipitated Silica) Price Chart

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Europe

European Precipitated Silica markets encountered continued downward pricing pressures during Q3’24. The persistent weakness in the eurozone construction sector, particularly in major economies like Germany, France, and Italy, significantly impacted market dynamics. Reduced industrial activity and low economic indicators contributed to subdued Precipitated Silica demand. The market experienced a continuous decline, reflecting broader economic challenges and structural limitations in traditional industrial sectors.

North America

The North American Precipitated Silica market maintained stability throughout Q3’24, mirroring patterns of balanced supply and demand. Construction sector resilience remained a key support factor, with non-residential projects driving consistent market activity. Subtle price adjustments reflected seasonal variations and modest industrial demand. The market demonstrated resilience against global economic uncertainties, with minimal supply chain disruptions and a cautiously positive outlook for continued steady performance.

Analyst Insight

According to Procurement Resource, the price trend for Precipitated Silica are expected to oscillate in a similar fashion in the coming quarter given the current state of global economy and market fundamentals.
 

SiO2 (Precipitated Silica) Price Trend for the Q2 of 2024

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Asia

In Q2, the prices of precipitated silica in the Asian region moved up, driven by a boost in demand. Because of the initiatives taken by the Chinese government, an uptick in construction activities was witnessed. This, in turn, supported the demand for construction materials, including precipitated silica. Apart from this, strong restocking cycles by the European importers, despite the supply challenges faced by the region, also supported the market dynamics, and the prices of precipitated silica rose during the said period.

Europe

In the European region, the price chart of precipitated silica displayed a mixed trend. After declining continuously in the previous two quarters, the trajectory showed a slight rebound in prices at the beginning of the said quarter.  The following month was more stable as the price curve didn’t show much fluctuation. However, In the last month of the quarter, the prices took a U turn again and rose until the end of the quarter. These higher prices were attributed to the supply disruptions and logistical challenges faced by the region during the said period.

Despite the downturn in demand, the prices rose in the region due to a rise in production and transportation costs during the given period. The heightened freight costs and delayed shipments, primarily due to the Red Sea crisis, also impacted the supply chains, creating a shortage of various imported materials. In Germany, the prices of precipitated silica were around 1325 USD/MT (FOB) in April and around 1345 USD/MT in June. Market analysis suggests an overall optimistic outlook for the concerned time period.

North America

The prices of precipitated silica in the North American markets witnessed a steady trend with marginal oscillations during the second quarter of 2024. Due to sufficient availability of the feedstock and consistent manufacturing activities, a stable pricing environment was maintained during the said period. However, some challenges due to a slight dip in construction activities were witnessed at the start of the summer. Overall, the price curve showed a stable trend in Q2'24.

Analyst Insight

According to Procurement Resource, the precipitated silica price trend is expected to maintain the same trend due to moderate demand from the construction sector; however, the government initiation and other correction measures may lead to a rise in demand.
 

Sio2 (Precipitated Silica) Price Trend for the Q1 of 2024

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Asia

In Q1, the prices of precipitated silica showed stable price movements in the Asian region. The market situation remained cautious, and the traders maintained a wait-and-see attitude in China. The construction sector, a major consumer, presented a lack of active contracts due to a slight downturn in the demand for construction materials. The New Year holidays and peak winter season also contributed to this slowdown.

The situation was not very different in the Indian market as well, since the prices were found to be fluctuating within closed limits here, too. This cautious attitude of the market led to stable prices with a slight downward movement of the prices during the first quarter of 2024.

Europe

In the European markets, the prices of precipitated silica witnessed a gradual downward movement throughout the first quarter of 2024. price analysis for the said quarter didn't suggest any major changes from the previous quarter. Even though January saw a stronger start, the trajectory again turned southwards in the following month and continued for the rest of the quarter. In the German markets, the prices of precipitated silica were around 1364 USD/MT (FOB) in January and around 1352 USD/MT (FOB) in March of 2024.

The slight decline was due to an overall fall in demand during the period. The downturn in the construction sector, especially the real estate sector, with minimal new sales, had affected the consumption of precipitated silica in the region. Overall, the precipitated silica price curve displayed a marginal decline during the said period.

North America

The prices of precipitated silica in the North American region displayed stable movements with marginal fluctuations during the first quarter of 2024. The market sentiments in both major regions, Canada and the United States, remained balanced, keeping the prices steady and more or less unchanged for most of the quarter.

Apart from this, a major producer of precipitated silica, Evonik, in the United States, announced to expand its precipitated silica production plant in Charleston, USA, to meet the growing demand, especially from the North American tire industry. This will increase the site's supply by 50 percent, further stabilizing the supply in the region with the rising demand in the region.

Analyst Insight

According to Procurement Resource, the prices of precipitated silica are expected to witness an uptrend driven by the anticipated incline in demand supported by government initiatives to boost the construction sector in several markets.
 

SiO2 (Precipitated Silica) Price Trend for the Second Half of 2023

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Asia

SiO2 (precipitated silica) is crucial in moisture-sensitive industries such as electronics, construction, etc. Its non-toxic nature and stability across a wide temperature range enhance its applicability across various sectors. In the latter half of 2023, fluctuating demand patterns and persistent sluggishness in downstream industries negatively impacted precipitated silica prices. This decline was further aggravated by the slowing economic growth in China and other Asian countries, challenging both production and trading sectors. However, as the year progressed, these fluctuations began to stabilize.

A slight increase in demand was observed during the winter holiday season in the consumer sector. Additionally, a revival in automotive and construction activities across Asian countries during the final quarter of 2023 contributed positively, although the beneficial impacts of this resurgence were only noticeable towards the end of the year.

Europe

The European countries acquired a fumbling trend throughout the third and fourth quarters of 2023, but despite the precipitated, silica prices sustained slightly on the upper side of the pricing spectrum, increasing from an average of 1375 USD/MT to 1380 USD/MT in Germany. During the third quarter, the fall in new construction ventures and declining economic parameters led to the swindling of consumer confidence in the sector, hampering the trajectory of prices of precipitated silica.

Despite the reduction in input costs, the production units continued their cost-cutting measures. Similarly, in the fourth quarter, after registering a slight upturn in the month of October, the precipitated silica prices soon returned to their third quarter’s momentum, driven by the sluggishness of the end-user industries and lack of consumer spending on the market.

North America

Moving opposite to the Asian and European countries, the North American precipitated silica prices appreciated during the initial half of the third quarter, led by the inflation in construction materials. Amid the hope of improving market dynamics, the downstream industries and traders started restocking their dried-up inventories, further supporting the demand of the commodity. However, as the quarter approached its termination, the supply sector of the market overpowered the demand, and hence, the prices of precipitated silica started moving southwards. The suspension of American imports by European traders and tariff wars further asserted a negative influence on the market momentum of precipitated silica.

Analyst Insight

According to Procurement Resource, the price of SiO2 (Precipitated Silica) is estimated to continue its southward trend as the traders anticipate a low to moderate demand for the commodity, primarily affected by the global slowdown of the construction sector.
 

SiO2 (Precipitated Silica) Price Trend for the First Half of 2023

Asia

The first quarter enjoyed a rise in the prices of SiO2 (precipitated silica) as the consistent demand and improvement in the number of sales in the pharmaceuticals sector supported the market momentum. In addition to this, the onset of the spring festival and the ongoing rift between Russia and Ukraine also proved to be fruitful for the price trend of SiO2 (precipitated silica).

The second quarter, however, took a negative turn as the prices decreased steeply. The economic indicators suggested that the purchasing activities during this quarter slumped. Along with this, the manufacturing industries also witnessed a contraction that eventually led to a fall in the price trend of SiO2 (precipitated silica).

Europe

In the first quarter of 2023, the prices of SiO2 (precipitated silica) inclined steeply as the momentum of the market was fueled by high input costs and rising rates of inflation. The second quarter, however, experienced the downfall of the SiO2 (precipitated silica) prices. The major cause of this fall in the trajectory was the decline in manufacturing activities and lower demand in the consumer sector.

North America

The growing cost of raw materials and strong demand sentiments of the domestic sector helped the price trend of SiO2 (precipitated silica) to rise. The second quarter, on the other hand, failed to maintain the required momentum, and thus, the prices of SiO2 (precipitated silica) declined.

The supply and demand in both domestic and overseas industries took a bearish turn that traded the prices of SiO2 (precipitated silica) towards a downward journey. In addition to this, the global economy also took a hit that slowed down the rise in oil prices and energy costs, which also aided the downfall of the SiO2 (precipitated silica) price trend.

Analyst Insight

According to Procurement Resource, the price trend of SiO2 (Precipitated Silica) is estimated to move southwards due to the fall in demand rates.

Procurement Resource provides latest prices of Sio2 (Precipitated Silica). 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.