Bearish Sentiment in the North American Tall Oil Rosin Market: Challenges Ahead

Bearish Sentiment in the North American Tall Oil Rosin Market: Challenges Ahead

Shiba Teramoto 20-Sep-2024

Texas, (US): In the first half of September, the Tall Oil Rosin market experienced noticeably weak buying interest across the North- American market. Most buyers have only procured their minimal needs and subsequently stepped back from making further purchases. The primary reason for this diminished demand, compared to last month, was a lack of active downstream orders. Furthermore, the availability of Tall Oil Rosin has been abundant to meet the existing downstream demand which further eased the prices of Tall Oil Rosin in the regional market. Furthermore, freight rates have also stabilized during the same time frame, keeping the Tall Oil Rosin prices downward. Looking forward, many market players are expressing doubts about the demand outlook for the upcoming months. Consequently, there is a prevailing sentiment that Tall Oil Rosin prices are likely to remain subdued, reflecting a cautious approach toward market conditions. Overall, the combination of...

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