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European Phosphonate Prices Hold Steady in Early November Amid Balanced Market Demand

European Phosphonate Prices Hold Steady in Early November Amid Balanced Market Demand

Kim Chul Son 06-Nov-2024

Hamburg, Germany: Recent analysis shows, European Phosphonate prices have stabilized in early November as the supply and demand dynamics for Phosphonate have counterbalanced each other. In late October to early November, demand for water treatment chemicals, including Phosphonates, in Europe has shown steady yet subdued growth, largely driven by the seasonal shift toward increased municipal and industrial water treatment needs. With colder temperatures setting in, utilities and industries are preparing for heightened water treatment activities, including increased use of Phosphonates, disinfectants, biocides, and corrosion inhibitors to ensure efficient operation during the winter months.

However, economic uncertainties, high energy prices, and restrained industrial production are limiting significant growth in water treatment chemical purchases, including Phosphonates. In terms of specific chemicals, products like Phosphonates, chlorination agents, and flocculants are experiencing stable demand, although inventory levels remain slightly elevated due to weaker-than-expected orders in earlier quarters.

In recent times,...

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