The US market has experienced volatile carbon disulphide prices throughout the second quarter of 2023 due to limited demand and ample inventories. The tightening of monetary policy and the expected slowdown in the US economy have contributed to weak economic activity, affecting the growth of various commodities, including carbon di sulphide. The domestic market has seen tepid demand from downstream fertilizers and packaging industries, leading to a decline in carbon disulphide prices. The collapse of two significant banks in late Q1 of 2023 has also had repercussions on the performance of manufacturing industries. Despite this, core inflation has consistently exceeded targeted levels set by the US Federal Reserve, resulting in strained trade activities. Additionally, lower freight charges and sufficient material availability have further supported the downward trend of carbon disulphide prices in the domestic market.
Carbon disulphide prices have slightly decreased in China, the largest economy in Asia, throughout the second quarter of 2023. Manufacturers have been hesitant to destock current inventory to initiate fresh production in the domestic market. As a result, market players have opted for successive reductions to stimulate shipments. The cost pressure from feedstock Sulphur has been insufficient, with its prices following a downward trend. After a faster-than-expected growth in Q1 following eased COVID restrictions, China’s economy has lost momentum in April-June due to steepening deflation and weak overseas demand. Demand from downstream packaging and fertilizer sectors has remained average, leading to declining consumption rates in the domestic market. The availability of finished stock of carbon disulphide has been abundant, further weighing down prices in the domestic market.
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During the second quarter of 2023, carbon disulphide prices have significantly decreased in the German market. Global economic uncertainties, such as rising inflationary pressure and persistent interest rate hikes, have impacted consumer spending. The limited demand from downstream fertilizers and packaging industries has contributed to the decline in carbon disulphide prices in the domestic market. Despite moderate demand from the rubber (tire) and textile industries, it hasn’t led to increased price realizations for carbon disulphide. Moreover, the cost pressure from feedstock has been inadequate during this period. Steady imports from the Asian market have resulted in sufficient inventories in German ports. The decline in freight charges from Asia to Europe has further led to price drops in the domestic market. The German purchasing manager’s index has contracted, indicating a decrease in new orders and restraining the positive development of carbon disulphide prices.
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