In a significant market development, U.S. import prices for Benzoic Acid Exp. are maintaining their downward trajectory as we enter January xxxx, continuing the trend observed in December xxxx. This key excipient, widely used across pharmaceutical, cosmetic, and food industries, closed Qx xxxx at USD xxxx/MT, with market indicators suggesting further price softening ahead. The decline is likely to be primarily attributed to weakening demand dynamics, particularly in end-users&#xx; food and pharmaceutical sectors which have continued to witness reduced appetite for the product amid slower consumer spending and economic uncertainties. This shift has resulted in lower-than-expected quotations concerning the Benzoic Acid Exp.听 from end-users, compelling suppliers to adjust their pricing strategies in response to market conditions.
Global logistics improvements have emerged as another significant factor driving the reduction of Benzoic Acid Exp. prices.听 The resolution of key supply chain...
