In the first quarter of 2023, butyric acid prices in Asia initially dropped due to sluggish demand in cosmetics and related sectors. However, post Lunar holidays, increased buyer purchasing power boosted demand and sustained prices until mid-Q2. Butyric acid procurement from pharmaceutical and food processing industries decreased towards the quarter’s end, influenced by economic depreciation….
In the Asia Pacific region, strong demand from automotive and related industries drove up butyl rubber prices in Q1, supported by positive market sentiment. However, Q2 saw production outpacing demand, leading to excess stockpiles and increased competition. In Europe, Q1 witnessed declining demand and oversupply negatively impacting prices, with fluctuations continuing into Q2 due to…
In the first quarter of 2023, the global aspirin market experienced a decline in price trends across regions. In Asia, reduced feedstock availability and weakened demand from various industries, including food, pharmaceuticals, and healthcare, contributed to the price drop. Europe saw low demand, struggling trade, and economic factors like inflation impacting aspirin prices. North America…
In the Asia Pacific market, benzoic acid prices fluctuated in Q1 and Q2 of 2023. Initially dipping due to high supply and inventories, prices slightly inclined with improved demand during the spring festival. However, slow purchasing ability and reduced inquiries impacted prices. In Q2, prices surged with regular downstream inquiries, increased orders, constrained production, market…
Fumaric acid prices followed diverse trends in different regions during the first half of 2023. In Asia, prices initially declined due to lower feedstock prices but later found support from reduced supply caused by manufacturing unit shutdowns. However, demand slowdown in the second quarter led to stockpiling and decreased production. Europe saw an increase in…
Propylene is a non-toxic fuel gas and is also known as propene. It has a double bond which makes it highly flammable and hotter as a result it is replacing propane gradually. It is colorless and give off effervescence of petroleum. It has the molecular formula C3H6 and a molecular weight of 42.06g/mol. Its boiling…
Natural gas is a conventional energy source primarily obtained from the deep layers of the earth’s surface where the dead decaying matter of the organisms is found. The earth’s surface processes the dead matter for millions of years, which naturally formulates Natural gas and is used to produce different types of energy sources. Natural gas…
In the first quarter of 2023, the Asia Pacific region experienced a surge in copper sulfate prices as downstream industries improved, and production rates normalized after stagnation. However, the second quarter saw a bearish market due to rising inventories and reduced procurement by downstream sectors, only to regain momentum later with increased inquiries. In Europe,…
In the first and second quarters of 2023, the prices of cellulose ether in Asia, Europe, and North America experienced declines due to various factors. In Asia, increasing inquiries and soaring feedstock prices failed to support the trend amid dipping market activities, and flourishing product supply negatively impacted prices. In Europe, stockpiling of cellulose ether,…
In Asia, propylene oxide prices rose in Q1 2023 due to volatile crude oil and feedstock costs, with a sharper increase in mid-quarter due to limited product availability from decreased production rates. However, Q2 saw a decline driven by weak downstream industry support and constrained buyer purchasing power. Europe experienced falling propylene oxide prices throughout…
