Naphthalene Sulfonic Acid Price Trend and Forecast

Naphthalene Sulfonic Acid Regional Price Overview

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

Naphthalene Sulfonic Acid Price Trend for the Q1 of 2024

Asia

Both the primary feedstocks of naphthalene sulphonic acid presented bleak sentiments in the first quarter of 2024, resulting in the southward movement of its prices. The slow offtakes from the downstream industries and the weak economic outlook of Asian countries also contributed significantly to keeping the naphthalene sulphonic acid prices on the lower end of the spectrum. However, after the Chinese New Year holiday season, the domestic manufacturers maintained their regular pace, which, in the absence of demand, only grew the inventories.
 

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The market was further weakened by the loss of export profits due to the tensions at the Red Sea and limited inquiries from overseas industries amid challenging global trading dynamics.

Europe

Throughout the first quarter, the bearish tone of the downstream industries exerted a negative influence on the naphthalene sulphonic acid market and its pricing patterns. The lackluster development of industries was rooted in the broader economic challenges being faced by the European countries. Further, the carryover inventories were more than sufficient in catering to the minimal demand of the commodity while the sustained domestic production stressed the traders. The feedstock sectors also failed to extend any support to the market, and in view of these challenges, the naphthalene sulphonic acid prices took a downturn.

North America

The market sentiments of naphthalene sulphonic acid in North America were not much different from the Asian and European countries as the prices here, too, slid southwards. The market struggled with the existing stockpiles amid slow demand. The decline in feedstock coal and lowered the cost of production further dampened any hope of the manufacturers and traders.

The slow approach of the consumers was likely to be a result of trade disruption and increased transportation charges. The trading challenge stemmed from the disruption of the Red Sea route and lower water levels in the Panama Canal, adding additional pressure on the naphthalene sulphonic acid market and its price trend.

Analyst Insight

According to Procurement Resource, the price trend of Naphthalene Sulphonic Acid is estimated to trace the market momentum set by naphthalene and sulfuric acid, which are themselves guided by the cost trajectory of coal. Also, the current demand dynamics of the commodity do not look very promising with the rising skepticism amid poor economic growth of the globe.

Procurement Resource provides latest prices of Naphthalene Sulfonic 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.