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European Nonylphenol Ethoxylates Prices End February High, Early March Witnesses Stagnation
European Nonylphenol Ethoxylates Prices End February High, Early March Witnesses Stagnation

European Nonylphenol Ethoxylates Prices End February High, Early March Witnesses Stagnation

  • 04-Mar-2024 2:48 PM
  • Journalist: Francis Stokes

Hamburg, Germany: With the start of March 2024, a price stagnancy has been observed in the Nonylphenol Ethoxylates market. The downstream Personal Care industries have been impacted by persistent inflationary pressures, leading to a reduction in inquiries for the upstream raw materials, Nonylphenol Ethoxylates. On the other hand, the Chinese market has been picking up after the Spring Festival Holidays, as manufacturers were willing to stock their inventories to meet demand from their terminal Personal Care industries, reinforcing the market fundamentals of Nonylphenol Ethoxylates.

The ChemAnalyst database has demonstrated that the price of Nonylphenol Ethoxylates witnessed an increment of approximately USD 60 per ton in the domestic market of Germany in February. Market participants note that in addition to rising upstream prices, lower operating rates at manufacturing firms have also contributed to Nonylphenol Ethoxylates price increases. These lower rates have led to supply-side pressures. Consequently, Nonylphenol Ethoxylates manufacturers have opted to maintain high prices to protect their profit margins. On the demand side, inquiries from terminal Personal Care industries have been mild. Furthermore, weaker economic conditions due to inflationary pressures have hindered manufacturing sector growth, keeping the manufacturing Purchasing Managers' Index in the contraction zone (below 50 points).

Furthermore, in China, the prices of Nonylphenol Ethoxylates have remained stable in the week ending March 1st. Inquiries from downstream Personal Care industries were observed to be active. As a result, Nonylphenol Ethoxylates manufacturers have avoided price changes as higher prices might dampen market sentiments. On the input energy front, the International Energy Agency (IEA) warned of slowing demand growth this year, while a larger-than-expected increase in U.S. crude inventories also contributed to There are no factors contributing to price increases in the market. Furthermore, in the USA, Nonylphenol Ethoxylates prices have witnessed a similar trend. According to market sources, there are no factors contributing to price increases in the market in the given timeframe, as terminal demand has not yet picked up and there have been no changes in input Ethylene Oxide costs.

According to the pricing intelligence of ChemAnalyst, the prices of Nonylphenol Ethoxylates might gain upward momentum in the European market. Inquiries from downstream Personal Care industries are also anticipated to gain momentum. However, market participants are exercising caution in the post-holiday market. Although some downstream Asian Nonylphenol Ethoxylates buyers are expected to replenish their stocks after the holidays, there is a concern that the current inventory held by domestic producers and distributors in China will be sufficient to meet demand until early March.

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