North America
Carbon disulphide prices experienced a fluctuating trajectory in the North American market during the third quarter of 2023. In the initial half of Q3, prices in the US market slightly declined, influenced by limited cost pressure from feedstock Sulphur, which settled at the lower end. Moreover, the demand from the agrochemical and textile industries remained lackluster, contributing to a downturn in domestic prices. This subdued demand continued to exert pressure on sellers, as buyers either made minimal purchases when necessary or adopted a wait-and-see approach, anticipating a potential further decline. The weakened downstream demand could be attributed to underperforming end businesses and global economic uncertainties. With new orders dropping, material availability remained sufficient, contributing to a decline in domestic market prices. However, in the latter part of Q3, Carbon disulphide prices rebounded due to elevated feedstock Sulphur prices. Natural gas prices, on the input energy front, exhibited a bullish trend, further impacting the overall manufacturing cost of Carbon disulphide in the domestic market. Additionally, a modest improvement in demand from the downstream agrochemical dyes sector occurred. Consequently, prices of Carbon disulphide FOB Houston were settled at USD 780/MT in September 2023.
Asia-Pacific
Carbon disulphide prices witnessed a fluctuating pattern in the Asian market during the third quarter of 2023. In the early stages of Q3, prices in the Chinese market slightly decreased as feedstock Sulphur prices declined, contributing to a lower production cost of Carbon disulphide domestically. Demand from the downstream agrochemical and textile industry remained subdued, resulting in low market transactions and prices operating at a reduced level. Overseas market inquiries were also on the lighter side, reflecting weak global economic recovery. However, as Q3 progressed, Carbon disulphide prices experienced an upward trend due to improved demand from the downstream industry. Adequate cost support from higher feedstock Sulphur prices and normal operating rates of manufacturing firms contributed to this positive shift. Furthermore, China’s manufacturing purchasing manager index indicated an expansion in industrial and manufacturing activity. Consequently, Carbon disulphide prices FOB Shanghai settled at USD 910/MT in September 2023.
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Europe
Carbon disulphide prices followed a bullish trajectory in the German market throughout the third quarter of 2023. Rising feedstock Sulphur prices led to a higher production cost of Carbon disulphide domestically. Elevated natural gas prices further impacted the overall production cost. However, persistent inflationary pressure and high-interest rates in the German market eroded the purchasing power of end-users. Demand from the downstream agrochemical and textile industries remained subdued, with limited instances of new orders, insufficient to drive prices lower. The ifo Business Climate Index and the German manufacturing purchasing manager index both indicated challenging economic conditions, with the latter remaining in the contraction zone. Manufacturing firms operated at lower rates due to a slow recovery in downstream demand. Despite sufficient inventories, high production costs boosted Carbon disulphide prices, leading to a settlement at USD 970/MT FD Hamburg in September 2023.
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