Carbon Tetrachloride Price Trend and Forecast

Carbon Tetrachloride Regional Price Overview

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

Carbon Tetrachloride Price Trend for the First Half of 2024

Asia

During the first half of 2024, the price trend of carbon tetrachloride in Asia largely mirrored the fluctuations in feedstock prices. The stable pricing of major feedstock components, despite lower production rates and demand from downstream producers, played a key role in keeping carbon tetrachloride prices steady.
 

Carbon Tetrachloride Price Chart

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Supply chain disruptions, particularly from shipping issues and unplanned maintenance events in Saudi Arabia, also had an indirect impact on the market, but the return to normal production stabilized the demand and pricing dynamics. Therefore, as raw material prices experienced a moderate rise due to upstream adjustments, this, in turn, contributed to a slight upward trend for carbon tetrachloride, particularly in regions like China where downstream demand from the chemical and manufacturing industries improved gradually.

Europe

In Europe, the price of carbon tetrachloride followed the relatively stable trend observed in major raw material segments throughout the first half of 2024. The limited demand for feedstock commodities from construction sectors, particularly in Germany, reflected a stagnant market environment. Geopolitical tensions and a slowdown in residential and manufacturing activities further dampened demand for derivatives, including carbon tetrachloride. Although feedstock prices in the latter half remained steady, production cutbacks and reduced imports kept the carbon tetrachloride market balanced, maintaining price stability despite external pressures such as inflation and high-interest rates.

North America

In North America, the price trend of carbon tetrachloride was influenced by the steady growth in demand from downstream industries like automotive during the first half of 2024. While production rates remained stable, logistical challenges such as shipping disruptions and port closures, including Baltimore, affected the availability of raw materials, which, in turn, led to fluctuations in carbon tetrachloride prices.

The supply chain uncertainties and shifts in global trade patterns also contributed to variations in price momentum. However, despite these disruptions, the gradual recovery in manufacturing activities and expansions in polymer capacities helped to maintain support for carbon tetrachloride prices throughout the first half of the year.

Analyst Insight

According to Procurement Resource, the price trend of Carbon Tetrachloride is expected to follow the trail of feedstock industries in the coming months as well which at present showcase a promising outlook for the market particpants.
 

Carbon Tetrachloride Price Trend for the First Half of 2023

Asia

In the first quarter, the price trend of carbon tetrachloride increased on account of the rising cost of raw materials and high demand, especially from the downstream polymer market. After a long stretch of COVID and the New Year holiday season, the manufacturing activities geared up, which in turn supported the demand for carbon tetrachloride.

However, the second quarter was not able to carry forward this momentum as the polymer sector experienced a huge setback as the sales figures fell by a significant margin. Additionally, the uncertainty in the cost of crude oil and lower support from feedstock prices forced the prices to remain in the negative zone.

Europe

In the first quarter, prices of carbon tetrachloride surged with the help of strong demand and disrupted supply of the product in the region due to port congestion activities. In the second quarter, however, the construction sector and excess inventories challenged the growth trajectory of carbon tetrachloride prices and resulted in its downfall.

North America

The first and second quarters of 2023 followed a bearish trend as the prices of carbon tetrachloride were severely affected by the weak economic growth in North America. These weak financial parameters of the region not only hampered the production activities but also significantly altered the demand for carbon tetrachloride from the downstream industries. In order to keep the economy afloat, the banks had to increase their interest rates, which resulted in a rise in inflation and caused the price trend of carbon tetrachloride to move southwards.

Analyst Insight

According to Procurement Resource, the price trend of Carbon tetrachloride is estimated to struggle as the demand from the downstream industries is expected to fluctuate amid the global economic crisis.

Procurement Resource provides latest prices of Carbon Tetrachloride. 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.