In March xxxx, H Acid prices in China attained stability following a consecutive decline due to low demand from the downstream azo dyes. Despite the onset of the spring season, the demand for H Acid has not increased due to the low performance of the downstream textile sector. However, an increase in manufacturing costs due to a significant surge in both the feedstock sulphuric acid and naphthalene prices offset the bearish factors and led H Acid manufacturers to keep the price trend steady in March xxxx.
Key Takeaways:
-
Demand for H Acid in China remained low due to weak inquiries from the downstream azo dyes sector.
-
Despite the onset of the spring season, the downstream textile sector has showcased no improvement.
-
Uncertainty due to potential tariffs has offset the procurement process.
-
Manufacturing costs have surged as feedstock sulphuric prices increased by xx.xx in March as compared to February xxxx.
