Caustic Potash Prices, Pricing, Demand & Supply

North America

The Caustic Potash market in North America witnessed stable pricing trends during the fourth quarter of 2023 due to balanced market situations and moderate to high demand from downstream industries like agrochemical and cleaning. The top three factors that affected the market were the shortage of supplies, increasing input costs, and high levels of pre-procured inventories.

The shutdown of any plant was not reported during this quarter. In the USA, Caustic Potash prices remained stagnant throughout the quarter, with a slight incline of 0.5% in December due to the pause in purchasing sentiments. The demand for Caustic Potash in the downstream Agrochemical segment showed a marginal momentum due to the harvesting season and increased international offtakes.

The forecasted price trend for Caustic Potash in the USA was expected to decline in December 2023 due to destocking sentiments among market players and shortage of supplies. The price percentage change from the current quarter to the previous quarter was 7% depreciated, and the price percentage comparison of the first and second half of the quarter was also depreciated by 17%. The quarter ending price of Caustic Potash 45% Lye FOB Ohio in the USA was USD 636/MT.

Europe

The price of Caustic Potash fluctuated in the European market due to the limited amount of supply at the start of the Q4 2023. Firstly, there was a plant shutdown at a major production facility, resulting in decreased supply for feedstock and noted higher prices. Secondly, the market experienced moderate demand, as buyers were cautious due to economic slowness and destocking efforts towards the end of the year.

From the supply perspective, the Caustic Potash market players reported upward pressure from the high electricity prices, and bottlenecks in the inventory availability were reported mid of quarter to impact the final prices of the commodity. Towards the end of the quarter, manufacturers engaged in destocking the material, offering it at an affordable price pattern, facilitated by year-end discounts.

Overall, the Caustic Potash market in Europe faced challenges during the fourth quarter of 2023, including limited availability, supply disruptions, moderate demand, and price fluctuations. The latest price of Caustic Potash Flakes 90% FD Antwerp in Belgium for the current quarter is USD 874/MT.

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APAC

In the APAC region, the Caustic Potash market in the fourth quarter of 2023 faced several challenges that impacted pricing. Firstly, the market experienced an oversupply of Caustic Potash, leading to a bearish market sentiment. This surplus supply was mainly due to moderate to high production levels across the region. Secondly, the demand for Caustic Potash in the APAC region was moderate to low, with marginal consumption in the downstream industries.

This resulted in a pause in purchasing sentiments and a decrease in demand. Finally, the market was also influenced by the weak regional market transactions, which led to competitive pressure and a decrease in prices. In South Korea, the Caustic Potash market saw significant changes in pricing during the fourth quarter of 2023. There was a high supply of Caustic Potash, leading to a bearish market situation.

The prices in South Korea decreased by approximately 5% compared to the previous quarter, reflecting the oversupply and competitive pressure in the market. Additionally, there was a 11% decrease in prices compared to the same quarter of the previous year, indicating a decline in market conditions. Overall, the Caustic Potash market in the APAC region faced challenges of oversupply, weak demand, and competitive pressure in the fourth quarter of 2023. The quarter ending price for Caustic Potash FOB Gwangyang in South Korea was USD 1194/MT.

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