Potassium Silicate Prices in South Korea

• South Korea: 995 USD/MT

In the last quarter of 2023, the price of potassium silicate in South Korea was 995 USD/MT. The latest report by IMARC Group, titled "Potassium Silicate Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Potassium Silicate Price Trend. This report delves in globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trend. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the Potassium Silicate Demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Potassium Silicate Prices December 2023:

• South Korea: 995 USD/MT 
• Poland: 1210 USD/MT 

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The study delves into the factors affecting potassium silicate price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/potassium-silicate-pricing-report/requestsample

Potassium Silicate Price Trend- Q4 2023

In Q1 2024, the potassium silicate industry in North America, APAC, and Europe experienced varied pricing dynamics influenced by regional factors. The Potassium Silicate industry in North America exhibited a fluctuating pattern in Q1 2024, with the USA market witnessing significant price changes. After a rise in January, prices stabilized mid-quarter, driven by moderate import costs which slightly raised domestic prices. The robust economic activity in the USA, marked by increased new orders for goods and services, fostered a positive business outlook. This optimism, coupled with rising construction activities, supported the upward price trend. However, freight charges for imports impacted domestic pricing, leading to marginal price increases. Despite this, the domestic supply remained sufficient, allowing traders to adjust prices without significant hikes.

The APAC potassium silicate industry remained stable overall, except for a price decline in February which persisted for the rest of the quarter. South Korea saw the most pronounced price fluctuations, with a significant 6.8% decline in February due to sluggish demand from downstream industries like construction and chemical derivatives, coupled with ample domestic inventory. The Lunar New Year holidays also contributed to lower procurement activities. Compared to the same quarter last year, prices declined due to continued sluggish demand and ample supply.

In Europe, the market observed mixed trends. Prices decreased by 4% in January in Poland, followed by 2% increases in February and March. Various factors influenced these dynamics, including regional market conditions, supply chain disruptions, and demand dynamics. Germany experienced particularly pronounced price fluctuations, with the construction sector facing challenges such as slowed demand, rising prices, higher interest rates, and economic uncertainties, leading to reduced demand for housing projects. Geopolitical tensions in the Middle East, reduced water levels in the Panama Canal, and transportation disruptions in the Red Sea due to Houthi rebel attacks further impacted the market. The mid-quarter price surge was mainly due to supply shortages amid these disruptions, prompting traders to raise prices. Notably, there were no plant shutdowns reported during this period.

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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