The primary goal is to enhance the production of more environmentally sustainable ingredients to fulfill market demand. The downstream sales were average, and there was no significant improvement in market sentiment.įurthermore, one of the leading market players in Speciality Chemicals, Clariant, is set to develop its Care Chemicals facility in Daya Bay, Huizhou, China, to intensify its support for pharmaceutical, personal care, home care, and industrial application. On the other hand, in Germany, the Detergent Alcohol prices were reduced by USD 45 per tonne last week on a FOB basis. The weak demand from the downstream surfactant and detergent industries amid the destocking and winter season has prompted the manufacturers to provide low-end quotations. The market participants have reported that the overall inventory was high, and the upstream cost support from Palm Oil has weakened. In China, Detergent Alcohol prices have witnessed successive reductions towards the end-Q4 of 2022.
India, the world's largest consumer of Palm Oil, has witnessed a 29% increase in oil imports in November compared to October amid lucrative discounts from the producing nations. The upstream Palm Oil prices have declined, and a downturn has been observed in Detergent Alcohol prices. The production costs of Detergent Alcohol are majorly affected by price movements in upstream Palm Oil. The economic slowdown brought on by inflation across the Eurozone and COVID-19 cases and strict monetary policies has impacted the market growth of Speciality Chemicals, including Detergent Alcohol.
0 kommentar(er)
