In April, the Di-tert-butylphenol (DTBP) market witnessed a notable decline across the APAC region. Several aspects of oversupply, subdued demand and eased crude oil prices superimposed heavy downward pressure to soften the prices. The major participants, India and Taiwan experienced significant price corrections and reflected the broader weakness in the aromatic chemical value chain.
In India, domestic DTBP prices fell massively settling at the lowest rate of xx months due to poor demand. Chronologically, import prices on a CFR basis also dropped more extremely compared to domestic prices. The market correction indicated that the price fall was primarily delivered from the end of exporter side the ample supply and high inventory levels made exporters lower their price rate.
Unlike other importing nations, India is capable of high manufacturing of DTBP but the soften market given leverage to Indian distributer to...
