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Written by Beckett » Updated on: November 04th, 2024
Resorcinol Price in India
In the fourth quarter of 2023, the average price for Ex-Mumbai in India was 5880 USD/MT, marking a 1.00% decrease from the previous quarter.
The latest report by IMARC Group, titled "Resorcinol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of resorcinol prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Report Offering:
The study delves into the factors affecting Resorcinol price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/resorcinol-pricing-report/requestsample
Resorcinol Price Trend- Last Quarter
The Resorcinol market in Q2 2024 was driven by a mix of supply chain disruptions, geopolitical tensions, and demand fluctuations across major regions. The easing of some geopolitical tensions, notably in North America and Europe, led to lower freight and shipment costs, making the product more accessible to certain markets.
However, supply chain issues, particularly logistical bottlenecks and rising raw material costs, such as Sulphuric Acid and Benzene, created significant production challenges. Demand was notably influenced by seasonal factors, with summer months in the Northern Hemisphere increasing local purchasing activities, while inflation and weakened consumer confidence in North America tempered overall market enthusiasm.
The APAC region saw price swings due to both oversupply in Japan and a surge in demand during the quarter, particularly in the later months as production constraints tightened supply. Overall, price volatility in the Resorcinol market was a key factor, impacted by the dynamic interplay of regional supply-demand imbalances, raw material costs, and macroeconomic conditions.
Resorcinol Industry Analysis
In North America, the Resorcinol market in Q2 2024 was influenced by high inventory levels from bulk purchases made earlier, leading to softer demand in the early part of the quarter. Geopolitical easing resulted in lower freight charges, further reducing costs for importers like the U.S. However, local purchasing activity rebounded later in the quarter, driven by the onset of the peak shipping season and stronger downstream demand. Seasonal factors, combined with supply chain challenges such as vessel delays and ongoing logistical bottlenecks, contributed to the price fluctuations observed.
In Asia, Resorcinol prices during Q2 2024 were driven by an initial oversupply in Japan, which caused market participants to lower prices in April to manage inventory levels. The bearish trend in raw material costs, particularly for Sulphuric Acid, coupled with the appreciation of the U.S. dollar, added downward pressure. However, by May, limited supply and rising raw material costs led to a rebound in prices.
In Europe, Resorcinol prices in Q2 2024 rose sharply due to escalating production costs and ongoing geopolitical tensions. The depreciation of the Euro against the U.S. dollar and rising feedstock prices, particularly for Sulphuric Acid, significantly impacted the cost of production. Additionally, logistical challenges such as delays at key shipping routes and bottlenecks caused by the Panama Canal drought contributed to supply shortages, driving prices higher. The early peak in seasonal demand also led to increased procurement activities, but as inventories grew, market sentiment shifted, causing some price stabilization late in the quarter.
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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