Bis (Chloromethyl) Biphenyl Price Trend and Forecast

Bis (Chloromethyl) Biphenyl Regional Price Overview

Get the latest insights on price movement and trend analysis of Bis (Chloromethyl) Biphenyl in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Bis (Chloromethyl) Biphenyl Price Trend for the Second Half of 2023

Bis (Chloromethyl) Biphenyl’s market prices varied throughout the second half of the year 2023. The price trends closely mimicked the market behavior of its feedstock materials, biphenyl and chloromethane. The September ending quarter was more positively inclined than the December ending quarter. Initially, at the beginning of the said period, demands were higher for Bis (Chloromethyl) Biphenyl from the pharma and polymer industries. However, the struggling market dynamics of the later months translated into the plunging price graph of Bis (Chloromethyl) Biphenyl at that time. With this, the market fluctuated consistently for Bis (Chloromethyl) Biphenyl during H2’23.
 

Bis (Chloromethyl) Biphenyl Price Chart

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Analyst Insight

According to Procurement Resource, not much improvement is anticipated in Bis (Chloromethyl) Biphenyl price trends going forward as well. The market is likely to continue to waver along similar lines.
 

Bis (Chloromethyl) Biphenyl Price Trend for the First Half of 2023

Bis (Chloromethyl) Biphenyl is an important chemical intermediate and raw material for producing more complex chemical compounds. Bis (Chloromethyl) Biphenyl uses benzene, biphenyl, and chloromethane as the feedstock for its production. So, the price trend for Bis (Chloromethyl) Biphenyl closely mimic that of its feedstock materials.

Bis (Chloromethyl) Biphenyl market observed truly mixed price sentiments throughout the period under discussion. Prices mostly swung on the lower side of the scale. Some short-lived upward variations were observed in the first quarter as the Chinese factories struggled after the lockdown, and supply chain disruptions also caused a supply shortage.But majorly, the decreased downstream demands dominated the pricing fundamentals and kept the prices low, wavering.

The cost-of-living crisis caused by high global inflation was also responsible for the decline in demand. Overall, the price trend for Bis (Chloromethyl) Biphenyl remained low during H1’23.

Analyst Insight

According to the Procurement Resource, the Bis (Chloromethyl) Biphenyl prices are expected to remain unsettled in the coming quarter. Given the current inventory stocks and bearish demand, the market will strive for equilibrium and continue to fluctuate.

Procurement Resource provides latest prices of Bis (Chloromethyl) Biphenyl. 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.