Silicon Tetrafluoride Price Trend and Forecast

Silicon Tetrafluoride Regional Price Overview

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

Silicon Tetrafluoride Price Trend for First Half of 2023

Asia

The production of Silicon tetrafluoride involves hydrofluoric acid and silicon dioxide, and thus, its price trend also depends on the market dynamics of these two compounds. In the first quarter, the feedstock materials offered only a little support to the prices of Silicon tetrafluoride.
 

Silicon Tetrafluoride Price Chart

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The major contributing factors to the bearish market trend were the excess supply and poor demand from the downstream industries. In the second quarter, the situation stabilized a little on account of positive sentiments shown by the cost of raw materials and energy prices. This surge only slowed down during the later months due to the underperformance of downstream industries.

Europe

The price trend of Silicon tetrafluoride was volatile in the first quarter of 2023. The decrease in the number of imports from the Asian markets diminished the level of competitiveness in the region. The pressure of inflation and the limited purchasing potential of consumers also played a significant role in restricting the growth of the Silicon tetrafluoride price trend.

However, in the second quarter, the hydrofluoric acid sector performed fairly well and gave the Silicon tetrafluoride prices its required momentum. The demand from the downstream industries and insufficient inventory levels also supported the stability in the market dynamics of Silicon tetrafluoride.

North America

The cost of production of Silicon tetrafluoride rose significantly in the initial phase of the first quarter of 2023 due to the strict monetary policies adopted by the government. This helped in the rise in the price trend of Silicon tetrafluoride, which was further supported by the high energy prices in North America.

There were certain fluctuations during the end of this quarter, but the trend regained its momentum in the second quarter. During this quarter, the consumption of electronics and its related sectors also improved, supporting the incline in the price trend of Silicon tetrafluoride.

Analyst Insight

According to Procurement Resource, the price trend of Silicon Tetrafluoride is estimated to showcase a positive trend as the downstream industries seem to have increased their purchasing potential.

Procurement Resource provides latest prices of Silicon Tetrafluoride. 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.