The Asia-Pacific market of Resorcinol has seen stabilization in August as it is about to conclude. The market values across different APAC markets have got normalized after observing a sharp increase in July. The price index of Resorcinol has seen sharp inclination in July as several buyers from the downstream segments have made procurements. This bulk procurement stemmed from the replenishment of their inventories to align it with the production runs of the new quarter of ****.
The procurement pace in August got stabilized as the inventories were well positioned by the end of July and the downstream formulators have entered in August with maintained inventory levels. This balanced Resorcinol inventory levels have supported the stable trend in August till its third week. The difference of being an exporter or an importer has further influenced the trend even if the markets...
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