Cyanuric Chloride Price Trend and Forecast

Cyanuric Chloride Regional Price Overview

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

Cyanuric Chloride Price Trend for the Q3 of 2024

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Asia

In Q3 2024, the cyanuric chloride market in Asia experienced a fluctuating trend. Prices in India initially rose until August, driven by supply tightness and increased demand from pesticide and dye industries. However, September saw a price decline due to easing supply constraints and softening feedstock costs.
 

Cyanuric Chloride Price Chart

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By the end of September, prices in India were recorded at 2308 USD/MT (CIF). The overall market remained volatile, influenced by shifting downstream demand and production dynamics.

Europe

The European cyanuric chloride market displayed a consolidated trend in Q3 2024. Ample demand from agrochemical and pharmaceutical sectors, coupled with limited production capacities, contributed to the pricing pattern. Supply chain disruptions and rising energy costs further tightened market conditions.

North America

Cyanuric chloride prices in North America showed an oscillating trend during Q3 2024. The market experienced fluctuations due to varying demand from key end-use industries such as pesticides and water treatment chemicals. Supply constraints and occasional production issues contributed to price volatility.

Analyst Insight

According to Procurement Resource, the price of Cyanuric Chloride is expected to maintain its current momentum in the short term. Continued demand from agrochemical and pharmaceutical industries, alongside potential supply chain challenges, may support prices.
 

Cyanuric Chloride Price Trend for the Q2 of 2024

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Asia

In the Asian markets, particularly in India, cyanuric chloride prices experienced fluctuations driven by the volatile performance of hydrogen cyanide, but eventually, the prices settled on the higher end, rising from an average of 2315 USD/MT to 2321 USD/MT. During the second quarter, hydrogen cyanide prices in Asia were under pressure due to sluggishness in its feedstocks, ammonia and methane. The continuous oscillations in ammonia prices, affected by moderate demand from the agricultural and chemical sectors, further contributed to the downward trajectory of hydrogen cyanide, which, in turn, influenced the pricing of cyanuric chloride.

Despite these fluctuations, the overall market outlook for cyanuric chloride remained positive when observed over the first quarter of the year. Positive market sentiments and steady demand in the region helped stabilize cyanuric chloride prices, even as they faced intermittent pressure from fluctuating feedstock costs.

Europe

In Europe, the cyanuric chloride market faced challenges similar to those of hydrogen cyanide. The European hydrogen cyanide market struggled to maintain momentum throughout the second quarter of 2024, primarily due to weak demand across various sectors. The ongoing geopolitical tensions from the prolonged Russian conflict continued to disrupt market dynamics, including energy security, which directly impacted the production and pricing of hydrogen cyanide.

These disruptions, coupled with subdued manufacturing and consumption activities, resulted in a lackluster performance of hydrogen cyanide prices, which inevitably translated into a dull price trend for cyanuric chloride in the region. The market's overall weakness, driven by external geopolitical factors and internal economic challenges, kept cyanuric chloride prices from achieving significant growth during this period.

North America

In North America, the cyanuric chloride market also mirrored the fluctuations in hydrogen cyanide prices. The region experienced varying hydrogen cyanide prices due to inconsistent performances in the feedstock markets. Although there were instances where substantial downstream demand for cyanuric chloride provided occasional upward momentum, the overall market trajectory remained mixed, largely influenced by the unstable upstream dynamics.

The fluctuating prices of hydrogen cyanide, driven by inconsistent feedstock costs, kept the cyanuric chloride market in a state of variability throughout the second quarter. While there were some positive spikes in demand, the general market sentiment for cyanuric chloride in North America reflected the broader uncertainty in the feedstock markets.

Analyst Insight

According to Procurement Resource, the price of Cyanuric Chloride is expected to witness some stabilization in the forthcoming quarters as the slow but gradual improvement in the market dynamics of the downstream industries might extend some support to the cyanuric chloride market.
 

Cyanuric Chloride Price Trend for the Q1 of 2024

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Asia

In India, the prices of cyanuric chloride showed an oscillating trend in the first quarter of 2024. The initial surge in the prices was supported by the rising costs of feedstocks, hydrogen cyanide and chlorine. The market showed positive sentiments driven by the backing of input expenses. But as the quarter progressed, due to a lukewarm demand seen in the agricultural sector, the prices turned southwards.

The agricultural production was relatively lower as compared to the previous year's yields, and the sowed rabi crops were near their harvests. The other sectors, such as dyes and pharmaceuticals, showed moderate demand for cyanuric chloride. The prices were around 2393 USD/MT (CIF) in January and went to about 2363 USD/MT in March’24. Overall, the market showed a mixed trajectory driven by rising feedstock costs and moderate demand from downstream sectors.

Europe

In Q1'24, the prices remained relatively stable, mirroring the price trajectory of feedstock chlorine in the European region. Initially, a slight dip was visible, driven by a rise in production, creating ample supply in the market. But as the quarter progressed, the prices turned northwards. The rebound was still lower than initial levels but the market expected to slowly recover as the inventories declined. Apart from this, the demand from the agricultural sector was minimal due to the winter season in Europe.

North America

In North America, the prices of cyanuric chloride resembled the trends of the European market. The prices showed range-bound fluctuations influenced by the upstream dynamics. Initially, the prices showed a slight decline but stabilized as the quarter progressed. The demand from agricultural and water treatment sectors was down in the winter months, but other sectors, such as pharma and chemical intermediate, covered the decline. Apart from this, the United States faced significant logistical challenges in the harsh winter months. Icy roads and turbulent maritime environments complicated logistics. Overall, fluctuating market dynamics were witnessed.

Analyst Insight

According to Procurement Resource, the prices for cyanuric chloride are likely to experience volatility, reflecting mixed performance driven by weak demand from different agricultural regions in the near future.
 

Cyanuric Chloride Price Trend for the Second Half of 2023

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Asia

The cyanuric chloride prices were observed to be wavering at the lower end of the curve during the second half of the year 2023. A consistent decline in international orders was stressing the cyanuric chloride inventories in the Asian markets, especially China and India. Domestic consumption was also not capable of providing sufficient support, and the market was found to be struggling to stay buoyant during the said period.

In the Chinese cyanuric chloride market, the monthly average prices went from around 2578 USD/MT (CIF, China) in July’23 to about 2450 USD/MT in December’23. Some reverse fluctuations were also witnessed when the quarters shifted; however, the general market sentiments were largely muted throughout the given period.

Europe

The European price trends for cyanuric chloride were not much different from the Asian market trends. Industrial consumption was already bearish as the third quarter began, and to aggravate the situation, the low industrial activity because of the long holiday season in the fourth quarter further trampled the market demands. Overall, dull market behavior was witnessed by cyanuric chloride during the last six months of 2023.

North America

The North American cyanuric chloride market showed some firmness compared to the other major global markets. The prices in the USA started on a dull note at the beginning of the third quarter but steadily picked up as the fourth quarter began. The supply in the US market was already a little tight when the growing Red Sea freight disturbances further curtailed the supply chains. Hence, the prices grew for cyanuric chloride, especially during the last quarter.

Analyst Insight

According to Procurement Resource, despite a few regional differences, Cyanuric Chloride prices are expected to slide further in the coming months. The global demands are still not looking good, so the price trends will continue to waver.
 

Cyanuric Chloride Price Trend for the First Half of 2023

Asia

The price trend of cyanuric chloride was dependent on the market momentum of its feedstock materials. The demand dynamics of downstream industries and rates of consumption from the consumer sector declined consistently in the first quarter of 2023. In the second quarter, while the Asian economy showed signs of improvement, the rates of production inclined, but the demand for cyanuric chloride continued to decline. As the quarter progressed, the financial signals again started bearing red signs, and demand from the end-user sector remained stagnant.

Europe

The consistently declining trading sentiments and plunging demand proved to be a challenge for the price trend of cyanuric chloride. The rates of exports also remained subdued as the international markets were already oversupplied with the excess availability of the product. In the second quarter, the purchasing potential of consumers, the high level of inventories, falling costs of energy, and the feeble movement of the European economy caused the price trend of cyanuric chloride to decline further.

North America

In North America, the purchasing potential of consumers and bearish demand from end-user industries hampered the growth of cyanuric chloride prices. In addition to this, the continuously rising levels of inventories and falling prices of crude oil supported this declining trend in prices of cyanuric chloride. The depreciation in prices was much more prominent in the second quarter, where the costs dipped by a double-digit percentage. The major cause of this decline was the feeble conditions of the US economy that affected the cyanuric chloride market negatively and ultimately resulted in the southward trend of its prices.

Analyst Insight

According to Procurement Resource, the price trend of Cyanuric Chloride is estimated to depict a falling trajectory as the support from the downstream industries and the current situation of the economy do not seem to support the rise in cyanuric chloride prices.

Procurement Resource provides latest prices of Cyanuric Chloride. 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.