Potassium Carbonate Price in USA
- United States: 1343 USD/MT
The price of potassium carbonate in the United States for Q4 2023 reached 1343 USD/MT in December.
The latest report by IMARC Group, titled "Potassium Carbonate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of potassium carbonate prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Potassium Carbonate Prices Analysis:
- China: 1173 USD/MT
- Germany: 1522 USD/MT
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The study delves into the factors affecting potassium carbonate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Potassium Carbonate Price Trend- Last Quarter
The alkaline qualities of potassium carbonate, a white, water-soluble inorganic chemical, make it useful in many different industries. The food and pharmaceutical industries, as well as the manufacture of glass, soaps, and detergents, are the main industries that use it. Potassium carbonate, which has a high solubility and is non-toxic, is used in many different applications as a drying agent, pH regulator, and buffer. The glass production sector, which depends heavily on potassium carbonate to improve product durability and clarity, is driving the global market for this substance.
Furthermore, the market is being supported by the increasing usage of potassium carbonate in fertilizers, especially for soil enrichment. Its market expansion is also aided by the growing demand for applications like pH control and leavening agents from the food and beverage industry. The usage of potassium carbonate in green technology applications, such as carbon capture and renewable energy processes, is growing as a result of emerging trends like the growing emphasis on sustainability and eco-friendly solutions.
Potassium Carbonate Industry Analysis
In the fourth quarter of 2023, potassium carbonate pricing in North America followed a bearish trend due to weak demand from the downstream soap and agrochemical industries. The abundant supply further contributed to the downward price pressure, despite some positive performance in the construction sector. The United States, in particular, experienced notable price declines as demand from key sectors, including agrochemicals, remained low. The winter season also reduced overall demand, leading to a continued drop in domestic prices throughout the quarter.
The potassium carbonate market in the APAC region displayed a bearish trend in the fourth quarter of 2023, driven by declining domestic demand, particularly from China's construction sector. Ample supply in the market contributed to the downward pricing dynamics. The international market played a significant role in shaping price trends, with weak consumption in China causing a drop in potassium carbonate prices. Economic challenges, particularly within China’s construction sector, further impacted downstream industries, leading to reduced demand and lower prices across the region.
During the fourth quarter of 2023, the potassium carbonate market in Europe faced challenges due to sluggish domestic and international demand, especially in the glass and agrochemical sectors. Germany, a key player in the market, saw reduced manufacturing activity, which negatively affected potassium carbonate demand. While supply remained stable, the overall weak market conditions contributed to declining prices. Global market factors mirrored the low demand, reducing export opportunities, and pushing prices downward as the quarter progressed, particularly in Germany.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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