Chloroxylenol Price Trends and Forecast

Chloroxylenol Regional Price Overview

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

Chloroxylenol Price Trend for the Q1 of 2024

Asia

In Asian countries, the price trend of chloroxylenol closely followed the market trend of phenol and chlorine as they are its primary feedstock. Initially, in China, chlorine prices were stagnant, but as the quarter progressed, the market momentum turned sour. However, the trajectory was then supported by the phenol prices, which grew by a noticeable margin.
 

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The surge in production prices was also influenced by the decline in the output of the petrochemical industries. The consumption rates of the commodity also witnessed a positive inclination, supporting the northward movement of chloroxylenol prices.

Europe

In Europe, the market for chloroxylenol faced several challenges as the production volumes declined amid the surge in the cost of raw materials like phenol. However, another market driver, chlorine, continued its downward pricing movement but exerted a limited influence on chloroxylenol prices. The market was throughout rattled by the decline in Russian oil output after Ukraine attacked its oil refineries.

Additionally, the European countries had to shift their focus on imports to fulfill their domestic needs, leading to a positive movement in chloroxylenol prices. Further, the geopolitical tensions such as the Israel-Hamas crisis, disruption, and re-routing of the Red Sea route, along with a noticeable incline in transportation costs, also contributed to the uptick of chloroxylenol prices during the first quarter of 2024.

North America

In North America, the chloroxylenol market registered a consistent decline as the driving factors asserted only limited support. The cost of primary feedstocks like phenol and chlorine registered a gradual decline throughout the quarter, while consumer sentiments also looked bleak.

The market noticed the sluggish outlook of the downstream pharmaceutical and related industries as they themselves adopted a wait-and-watch approach amid the ongoing economic turmoil of the region. The production side of the commodity was also weak during this phase and the constriction of supply chains further lowered the existing level of inventories. However, the procurement of downstream industries was even weaker than this, resulting in the meek outlook of chloroxylenol prices during Q1 of 2024.

Analyst Insight

According to Procurement Resource, the price trend of Chloroxylenol is expected to experience some fluctuations in the upcoming quarters as the current dynamics of feedstock and downstream industries do not look promising.

Procurement Resource provides latest prices of Chloroxylenol. 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.