In June 2023, Amlodipine besylate prices experienced a 3.41% drop compared to levels seen in April. The US Manufacturing PMI (Purchasing Managers Index) declined to 46.3 in June from 48.4 in May and 47.1 in April, signaling reduced end consumer purchases. In response to the weakened market demand, traders and suppliers have lowered the price of Amlodipine Besylate to sell off existing inventory and maintain profitability. The Consumer Price Index (CPI), a gauge of inflation, saw a mere 0.2% increase in June, up from 0.1% in May. This reflects a slower pace of inflation in over two years, as the Federal Reserve aggressively raised interest rates to curb inflation.

Throughout the second quarter, the North American Ammonium Chloride market experienced persistent price weakness. The decline was predominantly driven by decreasing prices of feedstock Ammonia and upstream Natural Gas. The US Bureau of Labor and Statistics reported a 2.6% decrease in the Natural Gas Index for the month, marking the fourth consecutive decline in that index. The prevailing trend was further influenced by the global economic slowdown and rising inflation. Buyers hesitated to engage in bulk purchases amidst heightened inflation and increased interest rates, leading traders to adjust prices downward.

In the second quarter, the Italian Steel Plate market displayed an overall declining trend, despite an initial price increase in April. Subsequently, prices exhibited persistent decline in the latter half of the quarter. The price surge in April was attributed to heightened production costs driven by rising energy expenses and feedstock prices.

Throughout the second quarter of 2023, the Polyacrylamide (PAM) market in the USA demonstrated overall moderate fundamentals. While the price of PAM remained relatively stable during Q2, a minor decrease of around 0.7% was observed. The initial month of the quarter witnessed heightened demand from international water treatment plants, leading to increased container exports and allowing suppliers to bolster their profit margins. However, May saw a continuous influx of material, leaving buyers cautious due to elevated inventories as demand recovery fell short of expectations.

The US Hot Rolled Coil prices showed an overall declining price trend in the second quarter of 2023, despite of increasing price trend in the initial phase of the quarter, i.e., April. In the first month of the second quarter, the price of Hot Rolled Coil inclined in the US spot market as the local mills maintained a high base price that helped in maintaining a positive market sentiment for domestic and overseas buyers. The delivery time was reduced to 7-8 weeks from the previous 7-9 weeks. This led to a decline in the local inventory levels and hiked the price of HRC in the US spot market. Meanwhile, in H2, the market sentiment for the Hot Rolled Coil plunged as the economic instability increased amid the debt crisis caused by the failure of major banks across the USA.

In the second quarter of 2023, the market for Salicylic acid in the United States experienced fluctuations. During the initial two months of Q2, prices demonstrated a stable increase driven by the dynamic interplay of supply and demand. Following the abandonment of the zero-covid tolerance policy, trade between Asia and the US expanded. With escalating demand from end-user suppliers, there emerged a moderate scarcity of Salicylic acid on the shelves of domestic warehouses, consequently triggering price inflation. However, by the beginning of June, prices began to decline significantly, leading to a substantial downward shift in the trajectory of salicylic acid within the US market.

During the second quarter of 2023, the Benzoic acid market in the United States experienced fluctuations. In the initial two months of Q2, prices exhibited a steady increase due to heightened dynamics of supply and demand. The augmented demand from end-user suppliers led to a moderate shortage of Benzoic acid in domestic warehouses, resulting in price inflation. The trade between Asia and the US picked up following the relaxation of the zero-covid tolerance policy. However, by the start of June, prices began to decline significantly, marking a substantial downturn in the US Benzoic acid market trajectory.

Triethylene Glycol prices experienced a decline of nearly 5% during the second quarter of 2023. Despite the overall market being bullish, driven by declining prices of upstream ethylene oxide, the demand from the plasticizers segment remained largely absent among consumers. This was despite a cooling of inflation by approximately 0.6% and an appreciation of the Consumer Price Index (CPI) by over 2 points. The depreciating prices of feedstock ethylene oxide contributed to eased production costs.

Iron oxide prices experienced a decline of more than 19% in the North American market throughout the second quarter of 2023. The market sentiment remained bearish during this period. Demand from the downstream paint and coating industry remained weak as construction activities displayed muted performance. Key market players reported a decline in the sales of surface coating products. The prevailing uncertainties regarding the economic recovery persisted, with rising energy costs and a PMI depreciation of over 2 points in the second quarter.

Amid recent advancements in U.S. West Texas Intermediate crude futures, the broader petroleum sector has encountered a prevailing gloomy sentiment amidst persistently lackluster global economic conditions. This pessimism has translated into subdued demand for Monoisopropylamine (MIPA) within the United States, leading to current market prices resting at USD 1487/ton FOB Houston. Although the pharmaceutical and textile sectors retain their importance in the national economy, investors exhibit caution concerning their long-term prospects due to the prevailing market dynamics. Consequently, both MIPA and its upstream derivative, Isopropyl Alcohol, have witnessed a significant surge in inventory levels due to restrained market absorption and tepid investment interest. Meanwhile, markets in Asia-Pacific and Europe mirror North America's feedstock Isopropyl Alcohol market, displaying comparably volatile pricing structures influenced by shifting demand trends and transportation bottlenecks stemming from port congestion and supply chain disruptions. While a slight recovery transpired in May 2023, the prevailing market prices remain relatively stagnant. The elevated inventory levels and supply chain complexities, coupled with fluctuations in the Propylene market, have notably impacted Isopropyl Alcohol prices in the North American region. Despite steady end-user demand, the supply in the region has continued to incrementally expand, resulting in heightened inventory levels. In response to this imbalance, producers temporarily halted operations to restore equilibrium to the supply-demand dynamics.

Clopidogrel bisulfate prices in the North American region mirrored the declining trend seen in the APAC region. Across North America, prices for clopidogrel bisulfate steadily decreased during the second quarter, compared to the first quarter. This downward trend persisted until the final week of June. The declining prices were attributed to fluctuating downstream markets for the feedstock used in manufacturing clopidogrel bisulfate, along with a consistent decline in local demand from the pharmaceutical sector.

Oxcarbazepine prices in the North American region concluded the second quarter of 2023 on a downtrend. The weak price trajectory at the beginning of Q2 could be attributed to sluggish demand and elevated stock levels, significantly impeding market fundamentals. Domestic sales suffered due to higher inflation, while new inquiries from the regional market remained subdued. Consequently, retailers grappled with excessive warehouse inventories that were built up during the pandemic to meet surging demand.

In the European market, PKO prices during Q2 2023 mirrored those of the Asia Pacific. At the onset of Q2, prices for PKO experienced a widespread increase. Prior to Ramadan, supply disruptions, primarily from exporting countries such as Malaysia, a major PKO exporter to the Netherlands, played a significant role. This disruption affected the availability of various cooking oils, including PKO, within the nation.

In the second quarter of 2023, the US market witnessed volatility in Magnesium Acetate Tetrahydrate prices. Overall, prices experienced a significant decline, although the latter months of Q2 2023 exhibited signs of easing market conditions due to intermittent fluctuations between supply and demand throughout the month. Market trading fundamentals were influenced by weak demand and elevated inventories.

Carbamazepine prices in the North American region embarked optimistically but concluded pessimistically in the second quarter of 2023. These prices followed a trend similar to that of the Indian market throughout the quarter. Initially, prices gradually increased from the previous month at the quarter's start, holding up until mid-Q2, around May 2023.

Isopentane prices saw a decline throughout the second quarter, concluding in June 2023. This decline can be attributed to the fluctuating prices of upstream crude oil and weakening demand from the refrigerant market.

Soybean Oil prices in North America mirrored the market trends observed in Europe throughout Q2 2023. The prices of Soybean Oil continued their descent, persisting from the onset of Q1 2023 until June 2023. This enduring trend of weakened market sentiments for Soybean Oil was fueled by several factors. High inventories of soybean oil in the region, coupled with ample supply from European buyers, added downward pressure to the market.