Get the latest insights on price movement and trend analysis of Syngas in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Syngas Price Trend for the Second Half of 2022
Syngas is produced from carbon monoxide and hydrogen gas in coal refineries. It is also produced from the partial oxidation of natural gas. In the third quarter, the prices of natural gas saw a surge globally. In the Asian region, the surge was due to the shortage of fuel and increased export to the European counterparts that offered record-high prices.
The surge in energy prices, utility costs, and inflation resulted in a price hike in the European region. The North American region also saw a steep incline after a period of stagnancy. This incline is majorly attributed to the increasing inquiries from the international market, the high-profit margins offered by European imports, and increased production rates. As the prices of natural gas crucial for the synthesis of syngas rose, the prices of syngas also seemed to incline in the third and fourth quarters of 2022.
Another significant factor in determining the price trends for syngas was the price of coal. The coal prices declined slightly in the third quarter but gained momentum in the later months of the fourth quarter in the Asian market. A similar trend was observed in other regions also. Thus, the price trend of syngas depended upon the market dynamics of coal and natural gas which led to an incline in the prices of syngas.
According to Procurement Resource, the price trends for syngas are expected to follow an upward trajectory in the coming months as the prices of feedstock coal and natural gas are inclining globally.
Syngas Price Trend For the First Half of 2022
Syngas is produced in-situ in coal refineries when coal is blown through with oxygen and stream. Hence the operating costs of refineries and coal prices impacted the price trends for syngas. The continuing Russia-Ukraine conflict triggered high-cost inflation worldwide. The soaring crude oil and natural gas prices caused the operating costs of industries/refineries to surge.
The absence of precious cargoes from the black sea and Baltic region exposed the market vulnerabilities. The price of coal surged owing to enhanced freight costs and journey time averaging 1990 RMB/ton in the Chinese market. Also, the increased demand for carbon monoxide in the colder region for domestic and industrial heating further affected the prices of syngas.
Procurement Resource provides latest prices of Syngas. 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.
Syngas or synthetic gas is a fuel gas containing a mixture of water, carbon dioxide and carbon monoxide in varying ratios. It is the precursor of many fuel alternatives such as methanol, synthesized gasoline, and diesel. It is combustible in nature and was widely used as fuel during WW2 when the gasoline supply was limited. Syngas helps remove contaminants and produce essential building blocks like ammonia, methanol, etc.
|Industrial Uses||Fuel Alternatives, Ammonia Production, Chemical Substrates|
|Chemical Formula||CO + H2 (mixture)|
|Synonyms||Synthetic Gas, Water Gas|
|Supplier Database||Air Liquide S.A, Linde plc, Air Products and Chemicals, Inc., The Chiyoda Corporation, Syngas Energy Holdings LLC|
|Region/Countries Covered||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
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||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.
In the process using coal, the coal is blown through oxygen and steam while being heated. It is essential that the oxidizer supplied is insufficient for the complete oxidizing of the fuel. The reaction produces a gaseous mixture of carbon dioxide, carbon monoxide and water vapours. This reaction is often carried out in-situ within natural coal seams and in coal refineries.
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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