The prices of Resorcinol in the export markets of Asian region have observed a slight decline in early January of ****. The export markets were on a downward trend before the escalation of the conflict. The crude oil prices were soft and the buyers have managed their inventories with disciplined. The Crude oil prices were in a downside that eased the downstream markets of petrochemical derivatives. The suppliers of Resorcinol have adopted a flexible price strategy. The buyers across the resin, rubber chemical and specialty intermediates have maintained a steady but conservative procurement. The procurers have relied on the inventory covers that were built in the end of ****. The market environment before the conflict has encouraged the suppliers in Japan and China to prioritize volume movement over the price firmness which resulted in a mild downward adjustment at the start of January. The markets of Resorcinol were...
Leave a Comment
Comments (0)