Benzaldehyde-2-Sulphonic Acid Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Benzaldehyde-2-Sulphonic Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Benzaldehyde-2-sulphonic Acid Price Trend for the Second Half of 2023

Benzaldehyde-2-sulphonic acid is used as a key intermediate in the synthesis of pharmaceuticals, agrochemicals, and dyes. The polar sulfonic group increases the stability of the compound in water, further contributing to its applications in producing specialty chemicals, such as fragrances and flavors.

Benzaldehyde-2-sulphonic Acid Price Chart

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Thus, in the third and fourth quarters, these downstream industries had a major impact in determining the trajectory of the benzaldehyde-2-sulphonic acid price trend. From the trajectory of the benzaldehyde-2-sulphonic acid price graph, it was evident that the end-user industries registered a rough run during the above-mentioned period.

The Asia Pacific, European, and North American markets all witnessed an excessive rise in the level of inventories while consumer demand remained negligible. In addition to this, the consistently fluctuating cost of feedstock chemicals and global oscillations in the crude oil sector exerted a negative influence on the overall worldwide dynamics of the market, leading to fluctuations in the benzaldehyde-2-sulphonic acid prices.

Analyst Insight

According to Procurement Resource, the price trend of Benzaldehyde-2-sulphonic acid is expected to face several challenges, such as limited movement in the downstream industries, a rise in inflationary pressure, and a slow momentum of trade.

Benzaldehyde-2-Sulphonic Acid Price Trend for the First Half of 2023

Benzaldehyde-2-Sulphonic Acid price trend closely followed that of feedstocks Chlorobenzaldehyde and sodium sulfate. Prices remained unsettled throughout the said period in the Asian market. Low demands were registered from the downstream coloring and detergent industries which created cost pressure for suppliers worldwide.

The freight normalization, coupled with declining energy prices and redefined supply chains, also eased the upstream costs, further exerting pressure on the price trend for benzaldehyde-2-sulphonic acid. But a consistent incline in Sodium Sulphate prices and turbulent benzaldehyde prices aided in stabilizing the Benzaldehyde-2-Sulphonic Acid market. Overall, the market stayed afloat with oscillating price patterns.

Analyst Insight

According to the Procurement Resource, the Benzaldehyde-2-Sulphonic Acid market is expected to continue the same oscillating patterns, as the downstream demands and feedstock prices will remain the major influencing factors for market prices.

Procurement Resource provides latest prices of Benzaldehyde-2-Sulphonic Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.