In February xxxx, the Heavy Aromatic Naphtha Solvent market in India experienced a significant fall. Prices were found to have decreased by xxx compared to the previous month. This was mainly because of reduced demand from downstream agrochemical and pharmaceutical sectors. Moreover, decline in crude oil prices affected feedstock naphtha and overall production costs.
果酱视频&#xx;s studies show that Heavy Aromatic Naphtha Solvent was getting traded at around USD xxx per MT on spot ex-Kandla basis.
Market participants reported a general slowdown in procurement activity. An oversupplied market along with high inventory levels carried over from previous months were cited as the reasons. Heavy Aromatic Naphtha Solvent suppliers had adequate stock in hand. This, along with the decrease in buying interest from end-users added to the bearish sentiment. Furthermore, refiners were seen diverting heavy aromatic fractions toward alternative blending applications. Yet, this shift had nominal impact on...
