For the Quarter Ending September 2023
North America

In the third quarter, the Nitro Cellulose market in the USA exhibited positive dynamics compared to the preceding quarter. While experiencing minor fluctuations, the market witnessed a bullish trend for two consecutive months due to heightened demand from various end-use industries. However, in September, prices took a downturn as product availability surged, leading to a depreciation in the cost of Nitro Cellulose in the USA. Reports in July indicated a minor supply disruption across the country, attributed to tornadoes hitting California and other areas, although the impact on the Nitro Cellulose market remained minimal. Economic data from FRED revealed a 2% increase in the Producer Price Index (PPI) in August, further supporting the bullish trend as consumers engaged in stocking practices. Conversely, inquiries slowed in September due to sufficient material availability in the domestic market, meeting the demand for Nitro Cellulose.

APAC

The Nitrocellulose market in India witnessed varied pricing trends in the third quarter of 2023. Initially, prices rose amid increased demand from diverse industries, despite muted demand from the Automotive and Ink sectors during the monsoon season. The unexpected surge in the Indian market's price trend was driven by healthy inquiries from overseas markets. The first month saw price increases due to higher-priced Nitro Cellulose purchases from European markets. However, the market cooled in the second month as domestic producers ramped up production, resulting in a surplus that drove prices down. Slower growth in downstream industries further reduced the demand for Nitro Cellulose. By September 2023, prices rebounded in India, reaching USD 3126 per tonne, as the festive season approached.

Get Real Time Prices of Nitro Cellulose: https://www.chemanalyst.com/Pricing-data/nitro-cellulose-1546

Europe

The Nitro Cellulose market in Europe experienced mixed conditions in the third quarter. Prices surged in the first two months, driven by strong demand from overseas markets, particularly the USA. July witnessed an elevated price trend in Germany due to robust performance in downstream industries like paints, coatings, printing inks, and pharmaceuticals. August saw positive market developments, with increased inquiries from major consumer nations, including the USA. However, the holiday season in August resulted in labor shortages among European traders, leading to decreased manufacturing activities and influencing market conditions. September brought slight fluctuations in Nitro Cellulose prices, with European traders offering discounts to stimulate sales to the USA, as ample product availability resulted in muted demand.


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