Para Aminophenol Prices, Trend, News, Market Analysis | ChemAnalyst

North America:

During the third quarter of 2023, Para Aminophenol prices in North America exhibited a consistent pattern of fluctuations. The decline in prices, especially in the United States, can be primarily attributed to an upsurge in Para Aminophenol supply. This increase was fueled by diminishing raw material costs and manufacturing expenses in exporting countries in the northern hemisphere. The downward trend was significantly influenced by heightened competition among suppliers and a decline in demand within the manufacturing sector. Various factors contributed to this downturn, including falling prices and reduced import volumes. Key Para Aminophenol suppliers, such as China and India, also followed a depreciating trajectory, further impacting the market. Additionally, substantial inventories among domestic suppliers added extra pressure, leading merchants to reduce their price quotes to deplete existing stock and accommodate fresh inventory, intensifying the overall downward pricing pressure.

Asia Pacific:

Throughout the third quarter of 2023, Para Aminophenol prices in the Asia-Pacific (APAC) region consistently experienced depreciation. Para Aminophenol FOB Shanghai (China) prices dropped from $4,270 per metric ton in July to $3,290 per metric ton in September, reflecting an average quarterly decline of 12.67%. The primary driver behind the price decline was the reduced availability of raw materials like aniline and nitric acid in the domestic market, directly impacting production costs. Despite an increase in raw material prices in August, Para Aminophenol prices significantly decreased due to a sharp drop in demand, particularly from the downstream paracetamol industry. This trend was further supported by increased manufacturing and in-house production, contributing to sustained lower pricing to maintain market competitiveness. Additionally, ample inventories among domestic suppliers kept the market weak, prompting merchants to reduce quotations to clear existing inventories and make space for fresh stocks, further contributing to the overall downward price pressure.

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Europe:

The European market experienced significant Para Aminophenol price fluctuations during the third quarter of 2023. The most notable price decline occurred in July, adversely affecting consumption in both the food and industrial sectors. This situation was exacerbated by a recent inflation uptick, intensifying the downward pressure on Para Aminophenol prices. Furthermore, local traders with substantial corn reserves strategically lowered their price quotations to mitigate potential losses, further amplifying the market’s downward trend. Leading Para Aminophenol suppliers like China and India also followed a depreciating trajectory, exerting additional pressure on the market. Moreover, the presence of sizable inventories among domestic suppliers added strain to the market. Consequently, traders opted to reduce their price quotes to deplete existing stock and create space for fresh inventory, intensifying the overall downward pricing pressure.