Phosgene Price Trend and Forecast

Phosgene Regional Price Overview

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

Phosgene Price Trend for the Second Half of 2023

Phosgene prices varied regionally for the majority of the said span of H2’23, however found a resemblance with the fluctuation in the feedstock chlorine prices. In the Asian market, the beginning was tepid as the demands were largely subdued. The situation got a little better as the fourth quarter arrived, and the offshore orders started coming in. However, as the Israel and Hamas conflict started, the demands dipped again, and the year closed on a lower note.
 

Phosgene Price Chart

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The European market was downward facing for almost the entire duration. Economic activities in the region have been struggling since the onset of the Russia and Ukraine war, and more geopolitical disturbances in the fourth quarter trampled the situation further.

The American market was somewhat more assertive compared to the other global markets. The physical distance from the regions of uncertainties helped the American manufacturers, and the domestic demands here still sailed the prices buoyantly during the discussed time period. Overall, a mixed market performance was witnessed.

Analyst Insight

According to Procurement Resource, Phosgene prices are expected to remain driven by the downstream demands in the coming months. Further, the current market offtakes do not project much hope for quick improvement.
 

Phosgene Price Trend for the First Half of 2023

Asia

The market dynamics of phosgene were dependent on the trend of chlorine prices as it serves as a major feedstock in its production. In the first and second quarters of 2023, the price trend of feedstock products fell considerably as the level of inventories remained high while the demand from the downstream industries failed to support the market. In the second quarter, there were some signs of economic improvement in the Asia-Pacific region that helped pull the momentum of the phosgene price trend from the red zone, but the overseas demand and lower trading sentiments resulted in the decline in phosgene prices.

Europe

The European countries were challenged by the excess supply of phosgene feedstock materials. In addition to this, the trading activities and consumer preferences also shifted from phosgene, which hampered the growth of its price trend.

Due to the poor outlook of consumer confidence and lack of support from the cost of production, the prices of phosgene found it difficult to grow. Moreover, the economic scenario and sluggish movement of the construction sector ultimately resulted in the drop in the phosgene price trend.

North America

In North America, the consumption rates of consumers slumped significantly in the first two quarters of 2023 as compared to the previous quarters. Further, the phosgene market was under the pressure of excess stockpiles and poor demand.

The percentage of depreciation was much more noticeable in the second quarter as it reached almost double in digits. Further, the persistent economic challenges, rising interest, and inflation rates diminished the scope of phosgene price trend growth.

Analyst Insight

According to Procurement Resource, the price trend of Phosgene is expected to decline in the upcoming quarters as the market seems to be suffering from a negligible number of new orders and poor performance of the global economy.

Procurement Resource provides latest prices of Phosgene. 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.