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Pyridine market witnessed a stark stability since mid-May ****. The equilibrium between the supply and demand supported the flat market trend throughout the later half of May and first half of June ****. While pharmaceutical demand remained firm, the agrochemical sector showed signs of a slight slowdown, resulting in a net stable demand outlook overall. As consumption and supply remained adequate, the market was devoid of any significant momentum on either side leading to a balanced scenario.
The prices continued to be stable at USD ****/MT FOB Ohio in second week of June **** which suggested the presence of balanced fundamentals and absence of major disruptions.
The manufacturers were able to maintain a consistent flow of output backed by subdued feedstock Ammonia prices which further enhanced the profit margins. As profit margins were firm and steady, manufacturers maintained steady operational rates leading to...
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