Resorcinol Price in India
- India: 5880 USD/MT
In the fourth quarter of 2023, the average price for Ex-Mumbai in India was 5880 USD/MT, marking a 1.00% decrease from the previous quarter.
The latest report by IMARC Group, titled "Resorcinol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of resorcinol prices. This report delves into globally, presenting a detailed analysis, along with informative resorcinol price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Resorcinol Prices December 2023:
- India: 5880 USD/MT
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The study delves into the factors affecting Resorcinol price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/resorcinol-pricing-report/requestsample
Resorcinol Price Trend- Last Quarter
The market is driven by the increasing demand from the automotive industry for tire production, due to its use in adhesives and reinforcing materials, thereby supporting the growth of the market. Secondly, advancements in the healthcare sector, particularly in dermatology and pharmaceuticals, where resorcinol is utilized in topical medications and hair dyes, contributing significantly to the market expansion. Additionally, the growing popularity of resorcinol in the construction sector, primarily for wood adhesives and flame-retardant coatings, further catalyzing the market demand. Moreover, fluctuations in raw material prices, environmental regulations affecting production processes, and innovations in synthetic alternatives are pivotal factors influencing the resorcinol market's trajectory.
Resorcinol Industry Analysis
In the last quarter of 2023, the North American resorcinol market experienced significant price fluctuations, primarily influenced by shifts in supply and demand dynamics. Initially, prices started on a steady incline driven by robust demand, prompting manufacturers to expand production capacities. This upward trend, however, was counteracted by increased production costs and elevated freight charges, which initially supported higher product prices. As the quarter progressed, several factors converged to drive prices downward. Firstly, raw material costs depreciated notably, lowering manufacturing expenses for resorcinol. This reduction in production costs coincided with weaker-than-expected demand from downstream industries, leading to an imbalance in supply and demand.
The resorcinol market in the Asia-Pacific region faced distinct challenges that influenced pricing dynamics during the fourth quarter of 2023. In India, for instance, prices exhibited a gradual decline, reflecting a decrease in average quarterly rates by -1.00%. This decline was largely attributed to subdued demand from downstream industries and limited export opportunities, which curtailed market growth. The supply chain in India encountered notable hurdles as manufacturers struggled to meet rising demand amidst moderate to high supply conditions. Inventory accumulation was evident as suppliers replenished stocks, yet cautious procurement practices and restrained offtakes from end-users contributed to a subdued demand environment.
In the fourth quarter of 2023, the European resorcinol market experienced notable price fluctuations characterized by a downward trajectory. Initial price increases were driven by strong demand, prompting manufacturers to expand production capacities to meet market needs. However, heightened production costs and increased freight charges initially supported higher product prices. By November, the market saw a reversal as prices declined sharply due to excessive local stockpiling and diminished import prospects.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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