For the Quarter Ending June 2023

North America

In the United States, the price of Benzalkonium Chloride experienced a 5.99% decrease in June compared to April, indicating a weaker market performance throughout the second quarter. This decline can be attributed to increased supply and weaker demand both domestically and internationally. The Purchasing Managers' Index (PMI) also dropped to 46.3 in June, further explaining the decreased purchasing activity from end consumers. With lower demand, market participants have reduced the price of Benzalkonium Chloride to manage their existing inventory. The cost of energy, a significant input cost for production, has also fallen due to the global economic slowdown and lower oil prices, contributing to the downward trend of Benzalkonium Chloride prices. Additionally, high-interest rates in the US market have dampened demand, leading to lower prices. Moreover, the appreciation of the US dollar against the Chinese yuan in June has made imports cheaper and increased the availability of Benzalkonium Chloride, resulting in lower prices.

Asia Pacific

Benzalkonium Chloride prices in China displayed a mixed pattern in the second quarter. In May, there was a 3.76% decrease in prices due to sufficient supply in the market amid weak demand. China's PMI stood at 48.8 in May, indicating a contraction in manufacturing activity as production and new orders declined. This, in turn, caused the prices to drop. However, in June, prices increased by 1.12% compared to May as demand surged from the cosmetic, healthcare, and pharmaceutical industries, coupled with reduced inventories among market participants. China's official Purchasing Managers' Index (PMI) settled at 49.0 in June, signifying a contraction in manufacturing activity. Some manufacturers also decreased production to push prices higher.

Get Real Time Prices of Benzalkonium Chloride (BAC): https://www.chemanalyst.com/Pricing-data/benzalkonium-chloride-1535

Europe

In Germany, the Benzalkonium Chloride market showed mixed conditions in Q2. Prices decreased in May compared to April, mainly due to oversupply among merchants and suppliers, as well as a decrease in demand from end-user industries. The German Manufacturing PMI for June 2023 decreased to 43.2 from April's 44.5, indicating reduced buying activity and new order inquiries. Rising inflation and the European Central Bank's interest rate hike in June affected the German economy, leading to higher costs in food and energy-related activities dependent on Benzalkonium Chloride. The Manufacturing PMI for June 2023 further declined to 41.0, suggesting lower inventory levels in the market, resulting in price increases. Market participants focused on restocking inventories, contributing to a more favorable market situation.




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