Hamburg (Germany): After experiencing a bearish trend in the previous month, Monochloroacetic Acid prices have gained an upward trend across the European market during early Qx of xxxx. The latest increase in prices was primarily attributed to rising energy and feedstock prices. In addition, lower operating rates of manufacturing firms in recent months have also exerted supply-side pressure. However, demand from the downstream derivative industry has not shown much enthusiasm in the regional market. On the other hand, market players expect prices of Monochloroacetic Acid to continue rising in the near term due to further projections of a rise in energy and feedstock costs. The availability of finished stock of Monochloroacetic Acid is anticipated to be insufficient within the regional market, while demand from the downstream industry will remain under pressure due to macroeconomic headwinds.
Prices of Monochloroacetic Acid have witnessed an increment of USD xx/MT in...
