Hydroquinone, a nontoxic aromatic organic compound widely employed in photographic developers, rubber antioxidants, and other polymer inhibitors, observed a price decline during the month of April xxxx.
The product prices in Japan kept declining in April to reach USD x,xxx/MT FOB Iwakuni as the global leading producer faces softening manufacturing demand and diminishing raw material costs. Albeit used in controversial whitening cosmetics banned in numerous areas such as Japan, the European Union, and Australia for raising health issues, hydroquinone is still critical in exclusive industrial uses.
Key Points:
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Hydroquinone prices in Japan were at USD x,xxx/MT FOB Iwakuni in April.
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US market faces parallel pressure with decreasing phenol prices and x.xx CPI decline.
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Low phenol prices and sluggish manufacturing activity pushed hydroquinone prices lower across the globe.
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Japanese Yen appreciation by x.xxx against USD further compressed export prices.
The hydroquinone market witnessed...
