The H-Acid global market witnessed a slight decline in its price trend due to the decreased prices of the upstream Naphthalene, Sulphuric Acid, and Ammonia which resulted in reduced production costs. Furthermore, due to the sluggish demand from the downstream textile sector and sufficient inventory levels, the prices of H-Acid fell in the first month of xxxx.
During the first week of the year xxxx, the price trend of H-Acid fell slightly by x.xx and settled at USD xxxx/MT (CFR-Texas) during January xxxx. Due to the adequacy of the existing inventory levels, the trade inflows from the Chinese market to the US market were slowed down to avoid further possible losses in the prices of H-Acid. In January xxxx, the PMI of the US witnessed an incline as compared to December xxxx. While the overall growth was only marginal, it was buoyed by a resurgence in new...
