Barium Carbonate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Barium Carbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa)

Barium Carbonate Price Trend for the October-December of 2023

Barium Carbonate is a compound, extensively used in the glass and ceramics industries. The barium carbonate production process involves barium sulfide and sodium carbonate (soda ash); thus, their price trend align with each other. During the final quarter of the year 2023, the barium carbonate price trend witnessed a merged trajectory.

Barium Carbonate Price Chart

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Prices were found to be depreciating in the former half of the quarter from October to November, while an inclination in the price trend was observed in the second half of the quarter, from November to December of 2023. High inventory levels drove these market trend initially, as the demands were dull throughout the entire period. However, the supply chain disturbances in the latter part of the quarter shifted the barium carbonate price graph to the positive side. Overall, mixed market sentiments were observed.

Analyst Insight

According to Procurement Resource, Barium Carbonate price trend are likely to ride along the same lines in the coming months as well. Since demands are not changing much, the supply situation will guide the market trend.

Barium Carbonate Price Trend for July-September of 2023

Barium carbonate has the ability to act as a flux in the ceramics industry. In addition to this, in the glass manufacturing sector, it enhances optical clarity and reduces the percentages of impurities. The compound also possesses significant toxicity and thus is a popular ingredient in the production of rodenticides. Because of its ability to neutralize acidic solutions, it is a versatile material that finds application in a wide range of chemical processes.

Its industrial applications thus dictated its price trend in the third quarter of 2023. During this phase, the prices of crude oil rose by a significant margin and thus raised the cost of production of barium carbonate. Thus, the barium carbonate price analysis showcases a fluctuating trend amid the oscillating demand scenario from the downstream ceramics and related sectors and rising environmental concerns about the mining of barium metal.

Analyst Insight

According to Procurement Resource, the price of Barium Carbonate is estimated to trace an uncertain path amid the oscillating demand from the downstream industries and environmental restrictions on the mining and oil extraction activities.

Barium Carbonate Price Trend for First Half of 2023

Barium carbonate is an alkaline metal carbonate with poor solubility in water and most acids. The most common procedure for the synthesis of barium carbonate in industries is through the reaction of barium sulfide and sodium carbonate. Thus, they are the major influencing factor in determining the price trend of barium carbonate. Most of the regions use barite ore as the source of barium metal, whose sales rose exponentially in the Asia Pacific market, benefiting the traders heavily in the first and second quarters of 2023.

In addition to this, the demand from the EV sector also fluctuated in the first quarter but showcased a stable trend in the second quarter. In North America, financial constraints on the market because of the failure of two major banks depreciated the market momentum and, in turn, negatively affected the price trend of barium carbonate.

Analyst Insight

According to procurement resources, the price trend of Barium Carbonate is expected to show fluctuations globally as the demand from end-user industries and the cost of feedstock materials seems uncertain.

Procurement Resource provides latest prices of Barium Carbonate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.