Barite Prices, Monitor, Analysis & Demand
North America In the final quarter of 2023, the North American Barite market displayed a consistent performance, shaped by various pivotal factors influencing pricing dynamics. Firstly, in October, Barite prices in the US spot market observed a decline due to diminished demand from the glass industry, linked to a slowdown in construction activities and economic uncertainties. The plastic industry outpaced the growth of the glass sector, resulting in a 1.8% revenue decline for domestic glass industries over five years. The closure of furnaces by Owens-Illinois further impacted warehouse supplies. Transitioning into November, prices experienced an increase due to limited supply and heightened demand from the paint coating and fertilizer sectors, fueled by restricted imports and disruptions in the Panama Canal route. December saw a consistent pricing trend influenced by reduced demand during the winter season and disruptions in trade routes, including the Panama Canal and the Red Sea...
