Latest news referring to price

SourceDateIndustrySummaryTextGeography
Source18-JanUranium Mining IndustryUranium Prices Skyrocket, Industry Predicts Further IncreaseThe uranium market is experiencing a significant surge, with prices reaching over $103 per pound, a level unseen since 2007, due to increased demand and supply concerns. Factors such as Kazakhstan's state uranium company potentially not meeting production goals, production downgrades from Canadian and French miners, and ongoing buying from the world's largest physical uranium fund have contributed to the price hike. The specific chemicals impacted could be uranium ore concentrate, commonly referred to as U3O8, and sulfuric acid used in uranium extraction.Kazakhstan, Canada, France
Source18-JanGlobal Shipping IndustryRed Sea Conflict Spurs Global Shipping RecoveryThe global shipping industry, which faced a recession last year, may see a reversal in fortunes due to increased freight rates caused by vessels avoiding the Red Sea due to attacks from Yemen-based Houthis. The detours have led to a spike in ocean freight rates, potentially bringing the industry's profits back to 2022 levels if the situation persists for three to six months. The article does not specify which chemicals could be impacted.Red Sea
Source18-JanCalcium Carbonate IndustryCalcium Carbonate Market Poised for Rebound in Europe, USAThe calcium carbonate industry is expected to see a rebound in Europe and the USA due to economic recoveries, strategic investments, and increased demand from various sectors, particularly construction. However, potential challenges such as global economic uncertainties, severe winter weather, and supply chain issues could temper this positive trend. The specific chemical impacted is calcium carbonate.Europe, USA
Source18-JanIndustrial EconomicsIndustrial and Raw Material Prices Decline in December 2023In December 2023, the Industrial Product Price Index (IPPI) and the Raw Materials Price Index (RMPI) in Canada fell by 1.5% and 4.9% respectively, with the IPPI experiencing its third consecutive monthly decrease and the RMPI its largest decline since August 2022. The decrease in prices was largely due to lower prices for energy and petroleum products, intermediate food products, and industrial metals. The chemicals that could be impacted include petrochemicals, which saw a decrease of 5.5% in December 2023.Canada
Source18-JanFuel/Oil IndustryDiesel Price Rises Amid Market Rejection of Red Sea TensionsThe benchmark diesel price, used for most fuel surcharges, has seen an unusual increase, the fourth in the last 17 weeks, due to disruptions in shipping through the Red Sea and Suez Canal. However, oil futures markets have resumed their downward trend, suggesting this increase may be short-lived. The specific chemicals impacted could be Brent crude and Ultra low sulfur diesel (ULSD) futures.Red Sea region

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Notes on our price data

 

Where does the data come from?

  • The source of the data are exclusively public non-confidential sources. We have no access to primary data
  • This the index trend of the price trend of the "product category" in general, and not a single specification of the product in particular
  • The data is a combination of contract and spot pricing
  • Our automated algorithms are set up to eliminate significant product mix impact on the trend
  • We combine public publications, import/export records, trading prices, company announcements, magazine articles, tweets, and other sources of ad-hoc public information.
  • The chart shows the our best approximation of the market trend based on our automated algorithm´s interpretation of the signals
  • For most indexes we have multiple sources and the automation focuses on using statistically-correlated sources
  • As a function of our automation, it is likely that recent trends will be adjusted as we discover more information. So, for example, the price trend for February 2024 will be first calculated in February 2024 and adjusted in March, April and May 2024.
  • Likewise, we will update the data trend as more information becomes available, and this means that recent trends will always be adjusted as we get more data available
  • The algorithm will regularly revise our understanding of market trends, and indicated market trends may change
  • The data is presented in US$. The UOM of measure is shown in the Index list table
  • Our automated software and we do our best to create an accurate representation of the trend

 

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  • The data for the current month and recent history are fine-tuned over time.

 

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  • Pricing data will be updated from time to time as we improve the accuracy
  • We are reviewing all data sources in the first half of 2024.
    • There will be continuous fine-tuning of the trend and forecast algorithm as part of that.
    • The key focus in 2024 is to add many additional indexes

 

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