In July xxxx, the U.S. market for Benzylamine experienced a slight decrease in prices. This followed a period of ups and downs in the market. The price of Benzylamine, which had increased by xx.xx in June to USD x,xxx per metric ton, fell by x.xx, reaching USD x,xxx per metric ton by the end of July.
The price increase in June was mainly due to limited supply and rising costs of raw materials, particularly benzonitrile, which is a key precursor in the production of Benzylamine. The increase was also affected by unexpected shutdowns at production facilities, which reduced supply just as demand was strong, particularly from the pharmaceutical and agrochemical sectors.
Despite the price drop in July, the demand for Benzylamine remained steady. The pharmaceutical industry, which uses Benzylamine as the key ingredient in medicine production, continued to drive its demand. The ongoing growth and resilience...
