In the first quarter of 2023, methyl amine prices in the Asia Pacific region declined due to oversupply and reduced demand, as well as falling ammonia feedstock prices and decreased consumer buying potential. The second quarter saw additional challenges with disruptions in the pharmaceutical market and reduced production rates. In Europe, the cleaning and surfactants […]
Nitric Acid (HNO3) is an organic chemical compound that is intensively corrosive. The compound tends to acquire a colorless or pale-yellow colored appearance and is found in fluid form. It plays a vital role in the production of fertilizers and explosives. The compound, commonly known as aqua fortis, is toxic and acidic, hence, causes severe […]
In the first and second quarters of 2023, the tertiary butyl alcohol market witnessed fluctuating price trends in different regions. In Asia, the price initially rose due to restocking behavior after holidays and increased demand from solvent and gasoline sectors, but later slowed down due to ample product availability and declining demand. In Europe, prices […]
In Asia, the dawn of 2023 brought about market rejuvenation as downstream industries sparked inquiries and increased production to meet demands, further aided by the Lunar New Year. Nitrobenzene prices surged initially, yet as inventory levels escalated and demands waned, prices slid downwards. Request for Real-Time Nitrobenzene Prices: https://www.procurementresource.com/resource-center/nitrobenzene-price-trends/pricerequest Europe experienced akin trends due to […]
During H1 2023, PF (Phenol-Formaldehyde Resins) prices in Asia exhibited mixed sentiments, rising initially due to increased feedstock prices and stable demand, then experiencing a temporary decline before recovering by the quarter’s end. Fluctuations were attributed to phenol and formaldehyde price oscillations and demands from coating and adhesive industries. In Europe, slow growth in January […]
PET coke, also referred to as petroleum coke, is a carbon-rich solid substance generated from oil refining. It is created as a byproduct of the oil refining process when heavy crude oil is subjected to high temperatures in a process known as cracking. It is mostly made of carbon, with trace amounts of sulphur, nitrogen, […]
Throughout 2023, Paraffin prices in Asia remained tethered to crude oil fluctuations. Initially stable, they rose with increasing crude oil prices but later dipped due to oversupply, with discounted Russian oil mitigating prices. In Europe, high crude oil costs eased, aided by Asian imports and reduced demand in cosmetics. North America faced similar price weakness […]
In the first and second quarters of 2023, paper board prices were influenced by the paper and pulp industry’s dynamics. In North America, traders faced reduced profit margins, stemming from fewer inquiries, inflation, and market shifts. Maintenance issues at manufacturing units led to decreased paper board production, impacting downstream industries, and raising inventory levels. With […]
Polyacrylonitrile or PAN is a synthetic, semicrystalline organic polymer resin. It is a thermoplastic material; however, it doesn’t melt at ordinary temperatures. If the heating rates are above 50 degrees or greater per minute, it only melts above 300 y. Copolymers, which make up the majority of polyacrylonitrile resins, are made up of copolymers because […]
In the first quarters of 2023, palm kernel oil prices in the Asia Pacific market experienced fluctuations. Initial high consumption due to increased demand and limited supply persisted throughout Q1. However, Q2 presented challenges, with fewer new orders, steep drops in domestic and international demand, and reduced consumer purchasing. Europe witnessed disruptions with Q1 price […]
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