Aluminosilicate Prices Trend | Pricing | Database | Index | News | Chart
North America
In the first quarter of 2024, aluminosilicate prices in North America, particularly in the USA, saw an increase. This was driven by a surge in construction activities and several external market factors. The US business landscape showed significant economic growth as the year began, notably in the service sector. However, downstream manufacturers faced challenges due to reduced production caused by rising supply issues. Despite these manufacturing obstacles, demand in the downstream glass and paint sectors improved.
Companies reported strong growth in new orders for goods and services, fostering optimism and confidence in future business prospects. The increase in construction activities and positive business sentiment contributed to the rising trend of aluminosilicate prices in the US market. By mid-quarter, manufacturing saw a resurgence in production, thanks to improved supply chains following adverse weather in January. Additionally, shippers experienced fewer disruptions from low water levels in the Panama Canal, reducing supply chain pressures. As a result, the price of aluminosilicate FOB Texas rose by 1.3% by the end of the quarter.
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APAC
Throughout Q1 2024, the aluminosilicate market in the APAC region experienced fluctuating prices, mostly declining but stabilizing in March. China, a key market in the region, saw significant price fluctuations due to a bearish trend marked by high supply and low demand. Weak demand from the downstream construction industry, coupled with slow domestic and overseas market activity, exacerbated the surplus supply issues. Disruptions in supply routes through the Red Sea and Panama Canal regions led to stockpiling in regional ports, further intensifying the surplus.
The decline in demand stemmed from subdued investor and consumer confidence, decreasing new home prices, and stricter government regulations on debt growth, slowing the construction sector during the quarter. This slowdown impacted the overall output of the construction industry, reducing demand for aluminosilicate and related products, leading to a price decline. However, there were expectations of a demand rebound post-holidays in March, potentially driving prices up. Overall, the aluminosilicate market in the APAC region faced a bearish trend in Q1 2024, with prices declining compared to the same period last year and the last quarter of 2023.
Europe
In the first quarter of 2024, the aluminosilicate market in Europe experienced pricing fluctuations, with Germany being the most affected. Despite consistently low consumption and an economic slowdown, aluminosilicate supply remained low, contributing to a generally bearish market. Demand was subdued, primarily due to reduced demand from downstream industries such as construction, glass, and paints. The challenging economic conditions in Germany, including a slowdown in construction activity and ongoing weakness in the housing sector, further dampened demand.
Geopolitical tensions in the Middle East, supply chain disruptions from reduced water levels in the Panama Canal, and transportation disruptions in the Red Sea due to attacks by Houthi rebels all impacted market conditions and supply. Despite these challenges, there were no reported plant shutdowns during this period. In Germany, prices significantly declined in January, saw a slight increase in February, and dropped again by 1.3% in March. These fluctuations were due to economic challenges, low demand, and ample stock availability in the market.
Get Real Time Prices for Aluminosilicate: https://www.chemanalyst.com/Pricing-data/aluminosilicate-1518
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