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July 25th, 2024

Zirconium Silicate Prices Trend | Pricing | Database | Index | News | Chart

North America

In Q1 2024, the pricing dynamics of Zirconium Silicate in North America exhibited a fluctuating pattern influenced by various factors. While the overall trend showed stability, the U.S. market experienced notable fluctuations, including both price increases and periods of stability.

By mid-quarter, the Zirconium Silicate market in the U.S. stabilized after a 3% surge in January. The moderate import cost of the product contributed to a slight rise in domestic market prices. The business environment in the U.S. showed significant economic activity, with companies reporting strong growth in new orders for goods and services. This fostered an optimistic outlook and boosted confidence in future business prospects.

The rise in construction activities and positive business sentiment drove the upward trajectory of the product in the U.S. market. Furthermore, freight charges associated with importing Zirconium Silicate from Asia to the U.S. impacted product pricing in the domestic market. Despite these fluctuations, supply remained sufficient, prompting traders to adjust prices with only a marginal increase. Additionally, the year-over-year price change from the same quarter last year showed a significant decrease of 15%, reflecting market volatility. There was also a notable price decrease from the last quarter of 2023. Plant shutdowns did not significantly contribute to pricing dynamics during this quarter.

Get Real Time Prices for Zirconium Silicate: https://www.chemanalyst.com/Pricing-data/zirconium-silicate-1303

APAC

During Q1 2024, the Zirconium Silicate market in the APAC region experienced stability, particularly in China, where prices saw a 1% surge in February and remained unchanged for the rest of the quarter. China, being a major market in the region, played a significant role in these price fluctuations. This stability was attributed to a balance between supply and demand within the market. However, during the Spring holidays, demand from downstream ceramics and construction sectors remained subdued, only to rebound post-holidays, prompting traders to implement modest price adjustments. According to data from the National Bureau of Statistics (NBS), the business activity index for the construction industry stood at 53.5, marking a slight decrease of 0.4 points from the previous month. This indicates a decrease in consumer demand sentiments, which consequently impacted the demand for Zirconium Silicate. Despite these challenges, the market demonstrated resilience, showcasing its ability to adapt to changing demand dynamics and maintain stability amidst fluctuating conditions. Market participants anticipate a resurgence in demand starting from early March post-holidays as procurement activities are expected to improve.

Europe

In Q1 2024, the Zirconium Silicate market in Europe witnessed a mixed trend, starting with a 3% decrease in prices in January, followed by surges of 4% and 5% in February and March, respectively. Prices were impacted by factors such as market conditions in European nations, supply chain disruptions, and demand dynamics. The market situation in Germany played a pivotal role, with price fluctuations being most noticeable in this region. The construction sector encountered challenges such as a slowdown in demand, rising prices, increasing interest rates, and economic uncertainties. These factors led to a sustained decline in demand for construction projects, particularly in the housing segment. Additionally, disruptions in the supply chain caused by geopolitical tensions in the Middle East, reduced water levels in the Panama Canal, and an attack by Houthi rebels affecting transportation in the Red Sea further impacted market conditions. However, the mid-quarter price surge was primarily attributed to supply shortages in the region amid supply disruptions. There were no reports of plant shutdowns by market participants during this period.

Get Real Time Prices for Zirconium Silicate: https://www.chemanalyst.com/Pricing-data/zirconium-silicate-1303

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