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The market value of Resorcinol in the Asia-Pacific region has recorded a modest increase in October ****. The price movement of Resorcinol in October was driven by productional consumption. The downstream manufacturers and formulators have ordered to replenish routine production rather than to build speculative inventories. The downstream sectors of Resorcinol such as pharmaceuticals, personal care and specialty chemical segments have entered autumn with inventories that were sufficiently maintained. The inventory covers were not tight enough to force urgent spot buying and not so abundant to trigger steeper discounts.
The seasonal behaviour of less demand for skin-care interventions than in warmer months have created a consistent and predictable uplift. The suppliers have reacted with strategic pricing that was aimed at protecting margins while avoiding inventory pile-ups. The sellers have leaned on remaining stock from prior cycles to meet...
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