Ethylene Carbonate Prices, Pricing, Demand & Supply

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Nevertheless, procurement from battery manufacturing firms remained lackluster due to subdued demand. In contrast, the electric vehicle market demonstrated consistent sales growth throughout Q4, with major players reporting increased month-on-month sales.

North America 

In the fourth quarter of 2023, the North American Ethylene Carbonate market exhibited a varied trend with prices fluctuating throughout the quarter. Over the three-month period, the demand outlook remained moderate as consumers hesitated on new purchases, focusing primarily on long-term orders. In the initial month, demand was unstable, given the ample material availability observed in the domestic market.

 

 

As November unfolded, increased consumer spending and heightened market activities positively impacted the overall economic scenario. However, downstream industries experienced only modest demand. Despite concerns about a potential recession, inflation, and geopolitical uncertainties, consumer confidence in the US grew in both November and December, indicating an optimistic view of future business conditions.

Nevertheless, procurement from battery manufacturing firms remained lackluster due to subdued demand. In contrast, the electric vehicle market demonstrated consistent sales growth throughout Q4, with major players reporting increased month-on-month sales. Additionally, the global electric vehicle battery market remained subdued in Q4 amid tepid demand.

APAC

The APAC region witnessed a stable market situation for Ethylene Carbonate Prices in the current quarter of 2023 (Q4). The supply chain of EC operated at optimum levels, and the demand from the EV segment remained moderate to high throughout the quarter. The cost pressure from feedstock Ethylene Oxide also fluctuated, which impacted the pricing trend in the product. In the first month, the increase in feedstock Ethylene oxide prices increased the production costs of Ethylene Carbonate. The Chinese domestic market observed a bullish trend throughout the quarter, with moderate supply and demand levels. The supply chain operations were smooth, and no major supply chain constraints or port congestion were reported in the region. The pricing trend of EC in China during Q4 saw a 1.3% increase, settling at USD 838/MT for Ethylene Carbonate Battery Grade FOB Qingdao. The percentage change in the pricing trend of China from the previous quarter was 12%, while the price percentage comparison of the first and second half of the quarter remained unchanged. In conclusion, the market situation for Ethylene Carbonate in the APAC region remained stable, with moderate supply and demand levels and increasing production costs. The Chinese domestic market observed a bullish trend throughout the quarter.

Get Real Time Prices Of Ethylene Carbonate Prices:- https://www.chemanalyst.com/Pricing-data/ethylene-carbonate-ec-1193

Europe 

In the final quarter of 2023, the European ethylene carbonate market displayed a bearish pricing trend influenced by various factors. In October, prices experienced a decline attributed to subdued demand from downstream sectors such as electrolyte solvent manufacturing and other end-use industries. Manufacturing production in the Eurozone contracted, marked by a significant drop in new orders, despite a marginal improvement in the manufacturing PMI, signaling an extended downturn. The sluggish consumer demand resulted in eased supply chain operations. Moving into November, prices continued to decline, driven by persistent low demand from downstream industries. The consumer market observed abundant material availability in the region. Despite a slight improvement in the PMI, manufacturing activities remained on a downward trajectory. Supply chain easing and enhanced vendor performance were observed amid subdued consumer demand and limited market transactions. December witnessed a further decrease in prices due to sustained subdued demand. Downstream industries maintained weak consumer inquiries, leading to negative market sentiments. High product inventories and destocking activities were evident among consumers. Prices of upstream raw materials dropped, and factory gate deflation persisted. Year-end holidays and destocking efforts contributed to reduced industrial activity, prompting manufacturing companies to slow down or temporarily suspend operations.

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