For the Quarter Ending September 2023
North America:

In the third quarter of 2023, the cost of Potassium Silicate witnessed a downward trajectory, as reported by the ChemAnalyst. The manufacturing sector in the United States encountered persistent challenges during this period, characterized by a notable decrease in new orders and subdued domestic demand from the construction industry. This challenging business environment prompted companies to scale back procurement activities, leading to significant reductions in inventory. Downstream manufacturing performance remained lackluster, further restraining global trade growth. The decline in new orders was a result of prevailing economic conditions, causing customers to exercise caution in entering into new contracts or making purchases. Despite some inflationary pressures, they remained relatively moderate. Weak demand for Potassium Silicate in this period was primarily due to the absence of fresh orders from potential buyers. With an adequate supply of materials to meet domestic needs and average activity in the construction industry, there was no significant urgency to place new orders, contributing to the overall stability of the Potassium Silicate market.

Asia:

According to ChemAnalyst, the price of Potassium Silicate in the Chinese market exhibited a bearish trend in the third quarter of 2023. This trend was primarily attributed to reduced interest and demand from the downstream construction industry in the region. The initial part of the quarter saw a further hindrance in Potassium Silicate demand due to extensive rainfall, negatively impacting the construction, cement, and ceramic sectors in China. Companies in the construction sectors utilized existing stock levels, resulting in a decrease in new orders. Export orders also experienced a gradual decline in August, leading to a significant accumulation of Potassium Silicate in the Chinese market. This surplus supply contributed to the observed negative price movement in the Potassium Silicate market. Similar pricing trends were observed in other Asian countries like India and South Korea, importing from the Chinese market at affordable prices throughout the third quarter of 2023.

Get Real Time Prices of Potassium Silicate: https://www.chemanalyst.com/Pricing-data/potassium-silicate-1305

Europe:

In the third quarter of 2023, Potassium Silicate prices in the European market displayed a declining trend. Deteriorating demand conditions in Poland resulted in a reduction in input purchases by manufacturers throughout the quarter, marking the steepest decline of the year. The construction industry, including housing construction, experienced a rapid and notable decline, reaching its swiftest rate of contraction since November 2022. The commercial and civil engineering sectors also reported substantial contractions during this period. The European market, particularly in the downstream construction industry, continued to experience a downturn, indicating a decrease in confidence levels throughout the third quarter of 2023. Despite contractions in both activity and demand, there were signs of easing, and job creation continued at an accelerated rate. A similar pricing trend was observed in the German market, primarily due to the prolonged decline in the construction sector. Business confidence across the eurozone's construction sector remained low in September, with companies generally expecting a further decline in activity over the coming year.





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