Naphthalene Price Trend and Forecast | ChemAnalyst
by Chem Analyst Chemical Database PriceIn Q3 2023, the price trajectory for Naphthalene
Price in the US witnessed a bearish price trend in the wake of limited market
trades and limited product consumption from the downstream enterprises. The
supply of Naphthalene in the USA remains ample to meet the downstream market
requirement along with lackluster downstream enterprises. Imports of
commodities from Japan to the USA remain feeble this quarter, with a negotiable
price trend between the suppliers and buyers. Participation in the Naphthalene
markets remained sluggish, and trade volumes were relatively low. Despite the
surge in the feedstock coal market, the demand fundamentals from the downstream
enterprises remain sluggish, declining the price trend. Operating rates among
the enterprises are operated stably with cautiously operating downstream ventures.
In Sept, the price of Naphthalene in the USA declined to USD 1876/ton CFR
Houston. Oversupply fear hangs over the North American market, and significant
players showcase discounts on bulk purchases. Due to an adequate supply and
weak demand, the price of Naphthalene also decreased with subdued trade
fundamentals.
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Created on Dec 26th 2023 23:54. Viewed 82 times.
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