First Quarter of 2023 in North America Dipotassium EDTA Prices
North America
The Dipotassium EDTA Prices CFR in New York decreased from January to March 2023 as a result of the prolonged market volatility in the USA. Dipotassium EDTA imports from China were capped during the first week of January due to the country’s Golden Week. Domestic providers were able to meet the total demand thanks to their large stocks, and offtakes in the end-user industries were stable throughout the quarter. Due to weather issues, Russia’s turmoil in Ukraine, and China’s Covid lockdowns, supply chains were dangerous for the majority of the quarter. However, when the economy started to expand in the second part of the year, there was a steady improvement, and the ports experienced a considerable decline in ship backlogs following a protracted port backlog.
Asia Pacific
Dipotassium EDTA prices in China showed a decreasing price trend during the first quarter of 2023 in the Asia Pacific region, with Ex-Vadodara values falling from $5084.29/MT to $4626.37/MT from January to March. Due to the closure of manufacturing facilities for the spring festival, Dipotassium EDTA orders in China decreased steadily during the first week of October. Chinese traders had to deal with a variety of conflicting signals following a one-week hiatus, making it difficult for the market to catch up to the modest increase observed in several downstream industries during the first half of Q1. Large stocks made it possible for domestic producers and suppliers to satisfy the entire quarter’s demand. The administration amended its zero-covid rules in response to criticism and significant unrest in the nation, which once more left the nation exposed.
Europe
In Europe, Dipotassium EDTA prices showed a downward tendency in the first quarter of 2023, with CFR Hamburg values dropping from January to March. Demand in Germany remained on the weaker side throughout the quarter, which made it difficult for the pharmaceutical and nutraceutical industries to plan ahead and stay afloat. This was in addition to rising energy and raw material prices. Despite growing energy prices and supply-chain concerns, Germany’s industrial production barely increased in January. However, the circumstances in the instances involving Russia and Ukraine all continued to impact the state of the market in general negatively.
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