The international market experiences another month of consistent price hikes for potassium benzoate in April xxxx, following the steep upward trend set in March. Market analysts affirm potassium benzoate continues to have robust bullish momentum in key trading hubs in China, the United States, and Germany.
China, the world&#xx;s largest producer of potassium benzoate, records consistent price rises since production resumed after the Lunar New Year holiday. Chinese producers rapidly cleared out their holiday-inventory supplies by pushing aggressively, leaving a major supply shortfall which newer, higher-priced batches of production now meet. The replacement of the clearing inventory with new production of potassium benzoate has sharply constrained market tightness. Prices rose x.xxx last month to USD xxxx/MT FOB Shanghai and should rise further in April to USD xxxx/MT.
Historic pressure is being experienced by the supply chain. Significant backlogs on orders are presently being encountered by Chinese...
