For the Quarter Ending June 2023
North America
In the US market, the price of Dimethylacetamide experienced a mixed trend during the second quarter of 2023. The market sentiments fluctuated based on various factors impacting demand and supply dynamics. At the beginning of the quarter, the Dimethylacetamide market witnessed a surge in price trends. This growth can be attributed to the surge in demand for Dimethylacetamide from the Solvent and Adhesive sectors. Additionally, favorable market conditions and stable economic growth played a role in the upward trend. Moving to the month of May, the US market remained stable during this period, and the was due consistent demand for material across the region. However, in June, the Dimethylacetamide market experienced a declining trend. The unbroken declining downstream demand from the Adhesive businesses kept the buyers on edge with high product records. The overall declining price trend amid uncertain economic conditions coupled with the rising inflation rate. Furthermore, the ample practicality of material at a lower price from the overseas market provokes the local mills to reduce their offer prices.
Europe
In the European region, the market of Dimethylacetamide displayed mixed sentiments during the second quarter of 2023. In the month of April, the Dimethylacetamide market witnessed a surge in price trend on account of high demand from the major downstream solvent and adhesive industry. However, in the month of April, increased trading activities and inventory stockpiling helped to mitigate supply shortages and meet the requirement of downstream industries. As a result, during May, market participants adjusted their procurement strategies to align with stabilized demand with normalized market condition, with the market remaining stable during the month. However, in the last month, according to market analysis, due to competitive market conditions and large stock volumes, market players maintained a gloomy price momentum due to weak demand fundamentals and subdued spot activity across the globe. Meanwhile, continuous dipping demand from the downstream Solvent and Adhesive industries preserved traders on side coats to procure heavy orders. Additionally, economic uncertainty and recession fear governed the market sentiments within the region.
Get Real Time Prices: Dimethylacetamide Prices
APAC
In the Asia-Pacific region, the market of Dimethylacetamide displayed mixed sentiments during the second quarter of 2023. At the beginning of the quarter, the market of Dimethylacetamide witnessed a surge in price trend. This turnaround was prompted by a rise in the consumption rate of Dimethylacetamide material from the major downstream Solvent and Adhesive industries. However, in the past last month of the second quarter, the Dimethylacetamide market continued to follow a declining price trajectory. The spot market continued to observe a slower pace; despite the lower spot price offers, petitions from the enterprises remained low. Additionally, the manufacturers were seen under pressure with a declining demand situation and were found to claim lower consumption rates of Dimethylacetamide from the associated downstream Solvent and Adhesive businesses. A slump in purchasing activities of Dimethylacetamide was observed as the demand recovery fell short of expectations. Overall consumption showed a deep contraction and failed to regain momentum amid Weak demand from downstream Solvent and Adhesive industries. However, in the second quarter of 2023, there was not a major increment in the price of Dimethylacetamide FOB-Nanjing in the Asian region with it, showcasing a minute increment of (0.8%) during the entire second quarter.
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