Benzoic Acid Prices, News, Demand & Supply | ChemAnalyst

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Benzoic Acid Prices Overview
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Market Overview Quarterly Update on Global
Benzoic Acid Market   For Quarter Ending June
2021   North America   Owing to the strong push
from domestic Benzene market, as major
manufacturers had to increase their product
prices to maintain their margin, prices of
Benzoic Acid rose effectively during this
quarter. On the demand perspective, demand for
Benzoic Acid remained firm throughout the quarter
from the domestic as well as from the
international market, supported by sturdy
offtakes from pharma and food additive segment.
In addition, in effect of firm demand and tight
supply, Eastman did consecutive positive
revisions in Benzoic Acid prices, one was of USD
220/MT for all grades during May and other was of
USD 110/MT for technical grade during June, which
were applicable to North America and Latin
America regions.   Get more info
https//www.chemanalyst.com/Pricing-data/benzoic-a
cid-1146
Market Overview
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Benzoic Acid Prices Overview
E-mail info_at_chemanalyst.com website
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Asia   After reaching unprecedented highs during
the previous quarter, prices of Benzoic Acid
started relaxing moving into April. In China,
prices of Benzoic Acid drifted during the month
of April and later braced stability for other two
months. Benzoic Acid being a majorly imported
commodity in India, the decline in prices also
impacted the price trend in the domestic market.
Amid the second wave of pandemic in India, demand
for Benzoic Acid remained lower than the
pre-pandemic level. Thus, the prices declined
eventually during the month of May and later
improved with reduction in new pandemic cases in
the country. Therefore, by the end of the
quarter, price of Benzoic Acid hovered around USD
1446/MT and USD 1113/MT for India and China,
respectively.   Europe   European Benzoic Acid
prices maintained stability throughout the
quarter, where the demand remained modest to low
during this timeframe. Despite of a steep rise in
upstream Benzene prices, Benzoic Acid prices
fluctuated in a narrow range, owing to the stable
to dull demand from downstream preservative
segment. Meanwhile, pharma sector remained firm
in the meantime, which counterbalanced the
overall demand scenario of Europe. Related
Report Global Benzoic Acid Market - Plant
Capacity, Production, Operating Efficiency,
Demand Supply, End-Use, Sales Channel, Region,
Competition, Trade, Customer Price Intelligence
Market Analysis, 2015-2030
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Benzoic Acid Prices Overview
E-mail info_at_chemanalyst.com website
www.chemanalyst.com/
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