Regional Price Overview
Get the latest insights on price movement and trend analysis of Sulfur Hexafluoride in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Sulfur Hexafluoride Price Trend for First Half of 2023
Asia
In the production of sulfur hexafluoride, sulfur acts as the main feedstock material, and thus, the price trend of sulfur hexafluoride is mostly dependent on it. The market activities of feedstock remained bearish in the first and second quarters of 2023 due to low rates of procurement from the end-user sector. Along with this, the trading sentiments and overall consumption of buyers were also hurt by fluctuating market sentiments, resulting in a decline in the price trend of sulfur hexafluoride.
Sulfur Hexafluoride Price Chart
Europe
In the first two quarters of 2023, the price trend of sulfur hexafluoride suffered from the low interest of buyers in the feedstock market. The oil and petroleum industries also witnessed a downward trajectory that eventually hampered the growth of sulfur hexafluoride prices. In addition to this, oscillations in the freight charges, high level of inventories, and downfall in trading activities also played their role in keeping the sulfur hexafluoride prices in the negative zone.
North America
The North American market of sulfur hexafluoride was highly affected by the low consumption rates of downstream industries and unclear economic conditions of the region. In addition to this, the feedstock prices also suffered from the adverse crisis being faced by the fertilizer and agricultural industries. Amid plunging economic conditions, investors were also reluctant to invest in this sector long-term, and thus, due to sliding market sentiments in North America, the price trend of sulfur hexafluoride declined.
Analyst Insight
According to Procurement Resource, the price trend of Sulfur Hexafluoride is estimated to follow a declining trend as the cost support from the feedstock market seems feeble, and rising economic uncertainties will also hamper the growth of sulfur hexafluoride prices.
Procurement Resource provides latest prices of Sulfur Hexafluoride. 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.
