Aluminosilicate Prices: During the Quarter Ending December 2023

North America:

In the fourth quarter of 2023, the Aluminosilicate market in North America underwent fluctuations, initially witnessing price decreases, followed by a rebound in November, yet ultimately declining again by the quarter's end. Several factors influenced these shifts. Firstly, there was a slight price decline due to reduced domestic market demand, driven by economic uncertainty and weak client demand, prompting destocking activities among merchants. Secondly, ample supply met domestic requirements without supply chain disruptions. Lastly, an improvement in the US non-manufacturing PMI indicated construction sector growth, boosting Aluminosilicate demand. However, overall demand moderated by year-end, with no reported plant shutdowns. In the US market, which had the highest price impact, Aluminosilicate prices slightly decreased. Reduced domestic and export orders, coupled with challenging economic conditions in key export markets, contributed to this trend. Despite challenges, manufacturers maintained optimism about future output, with a moderated decline in order books. The quarter ended with Sodium Aluminosilicate priced at USD 1340/MT FOB Texas.

Get Real Time Prices of Aluminosilicate: https://www.chemanalyst.com/Pricing-data/aluminosilicate-1518

APAC:

The APAC Aluminosilicate market faced challenges in the fourth quarter of 2023, followed by a rebound toward the period's end. Initially, prices declined due to weak demand and oversupply, particularly from a slowdown in the construction sector. Marginal improvements in factory activities contrasted with overall low demand, despite positive shifts in China's market. China's efforts to revitalize its real estate sector and support post-pandemic recovery drove increased Aluminosilicate demand, especially in construction, paint, and glass. Despite limited availability in China, subdued demand persisted due to housing market slowdowns and reduced infrastructure spending. Quarter-end prices in China stood at USD 860/MT FOB Shandong.

Europe:

Europe's Aluminosilicate market faced challenges in the fourth quarter of 2023, with weak demand from Germany's construction sector significantly impacting the downturn. Economic uncertainty and high interest rates further dampened demand, resulting in reduced activity and delayed investments. Moderate supply prevailed, with manufacturers adjusting workforce numbers to align with reduced demand. Germany's Sodium Aluminosilicate ended the quarter at USD 940/MT FD Hamburg, reflecting market challenges due to weak demand and economic uncertainty.

MEA:

In the fourth quarter of 2023, Middle Eastern Aluminosilicate markets experienced notable fluctuations, marked by initial price declines, a November rebound, and subsequent declines. Supply constraints from port delays and disruptions, compounded by inflationary pressures and rising fuel prices, contributed to increased costs and delivery delays. Diminished demand domestically and from overseas markets further drove price decreases. South Africa's market witnessed significant price changes, with Sodium Aluminosilicate ending the quarter at USD 820/MT FOB Durban, reflecting the complex interplay of supply chain challenges, economic factors, and shifting market demands.

Get Real Time Prices of Aluminosilicate: https://www.chemanalyst.com/Pricing-data/aluminosilicate-1518

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