Sio2 (Precipitated Silica) Price Trend and Forecast

Precipitated Silica Regional Price Overview

Get the latest insights on price movement and trend analysis of Sio2 (Precipitated Silica) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Sio2 (Precipitated Silica) Price Trend for the Q1 of 2024

Stay updated with the latest Precipitated Silica prices, historical data, and tailored regional analysis
 

SiO2 (Precipitated Silica) Price Trend for the Second Half of 2023

Stay updated with the latest Precipitated Silica prices, historical data, and tailored regional analysis
 

Asia

SiO2 (precipitated silica) is crucial in moisture-sensitive industries such as electronics, construction, etc. Its non-toxic nature and stability across a wide temperature range enhance its applicability across various sectors. In the latter half of 2023, fluctuating demand patterns and persistent sluggishness in downstream industries negatively impacted precipitated silica prices. This decline was further aggravated by the slowing economic growth in China and other Asian countries, challenging both production and trading sectors. However, as the year progressed, these fluctuations began to stabilize.
 

Sio2 (Precipitated Silica) Price Chart

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A slight increase in demand was observed during the winter holiday season in the consumer sector. Additionally, a revival in automotive and construction activities across Asian countries during the final quarter of 2023 contributed positively, although the beneficial impacts of this resurgence were only noticeable towards the end of the year.

Europe

The European countries acquired a fumbling trend throughout the third and fourth quarters of 2023, but despite the precipitated, silica prices sustained slightly on the upper side of the pricing spectrum, increasing from an average of 1375 USD/MT to 1380 USD/MT in Germany. During the third quarter, the fall in new construction ventures and declining economic parameters led to the swindling of consumer confidence in the sector, hampering the trajectory of prices of precipitated silica.

Despite the reduction in input costs, the production units continued their cost-cutting measures. Similarly, in the fourth quarter, after registering a slight upturn in the month of October, the precipitated silica prices soon returned to their third quarter’s momentum, driven by the sluggishness of the end-user industries and lack of consumer spending on the market.

North America

Moving opposite to the Asian and European countries, the North American precipitated silica prices appreciated during the initial half of the third quarter, led by the inflation in construction materials. Amid the hope of improving market dynamics, the downstream industries and traders started restocking their dried-up inventories, further supporting the demand of the commodity. However, as the quarter approached its termination, the supply sector of the market overpowered the demand, and hence, the prices of precipitated silica started moving southwards. The suspension of American imports by European traders and tariff wars further asserted a negative influence on the market momentum of precipitated silica.

Analyst Insight

According to Procurement Resource, the price of SiO2 (Precipitated Silica) is estimated to continue its southward trend as the traders anticipate a low to moderate demand for the commodity, primarily affected by the global slowdown of the construction sector.

SiO2 (Precipitated Silica) Price Trend for the First Half of 2023

Asia

The first quarter enjoyed a rise in the prices of SiO2 (precipitated silica) as the consistent demand and improvement in the number of sales in the pharmaceuticals sector supported the market momentum. In addition to this, the onset of the spring festival and the ongoing rift between Russia and Ukraine also proved to be fruitful for the price trend of SiO2 (precipitated silica).

The second quarter, however, took a negative turn as the prices decreased steeply. The economic indicators suggested that the purchasing activities during this quarter slumped. Along with this, the manufacturing industries also witnessed a contraction that eventually led to a fall in the price trend of SiO2 (precipitated silica).

Europe

In the first quarter of 2023, the prices of SiO2 (precipitated silica) inclined steeply as the momentum of the market was fueled by high input costs and rising rates of inflation. The second quarter, however, experienced the downfall of the SiO2 (precipitated silica) prices. The major cause of this fall in the trajectory was the decline in manufacturing activities and lower demand in the consumer sector.

North America

The growing cost of raw materials and strong demand sentiments of the domestic sector helped the price trend of SiO2 (precipitated silica) to rise. The second quarter, on the other hand, failed to maintain the required momentum, and thus, the prices of SiO2 (precipitated silica) declined.

The supply and demand in both domestic and overseas industries took a bearish turn that traded the prices of SiO2 (precipitated silica) towards a downward journey. In addition to this, the global economy also took a hit that slowed down the rise in oil prices and energy costs, which also aided the downfall of the SiO2 (precipitated silica) price trend.

Analyst Insight

According to Procurement Resource, the price trend of SiO2 (Precipitated Silica) is estimated to move southwards due to the fall in demand rates.

Procurement Resource provides latest prices of Sio2 (Precipitated Silica). 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.