Cyanuric Chloride Price Trend and Forecast
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 Second Half of 2023
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.
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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.
Cyanuric Chloride is basically an organic compound. This compound is a white solid and the chlorinated derivative of 1,3,5-triazine. It is estimated that around 70% of Cyanuric Chloride is widely utilised in the production of the triazine-class pesticides, especially atrazine.
Report Features | Details |
Product Name | Cyanuric Chloride |
Industrial Uses | Dyes, Intermediates, Photosensitive chemicals, Adhesives and sealants, Automotive care products, Colourant products, Plastic and rubber products |
Chemical Formula | C3Cl3N3 |
Synonyms | 108-77-0, 2,4,6-Trichloro-1,3,5-triazine, Trichlorotriazine, s-Triazine trichloride |
Molecular Weight | 184.41g/mol |
Supplier Database | Acros Organics, EMCO Dyestuff Pvt. Ltd, Pravin DyeChem Pvt. Ltd. |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
It is obtained by trimerisation of cyanogen chloride in organic solvents in the presence of acidic catalysts, that is often carried out in gaseous phase around 200-500 °c using activated charcoal.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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