Firm Offtakes from Pharma Industry Strengthen Hydroxypropyl Cellulose Prices in China

Key Highlights

• Increasing usage in coating tablets and delayed-release formulations propelling industrial applications
• Resilient demand for Hydroxypropyl Cellulose in cement-based products and adhesives for tiles underpinning market fundamentals
• China&#**;s Hydroxypropyl Cellulose shipments continued robust performance in Southeast Asian and European markets
• Downstream buyers made tactical restocking of Hydroxypropyl Cellulose prior to Q* seasonally boosted demand increase

The Hydroxypropyl Cellulose sector revealed robust demand fundamentals during September, led largely by the development of the pharmaceutical sector. China&#**;s pharma business, one of the major consumers, posted *.** year-on-year production volume growth, with higher generic and specialty drug manufacturing demanding high-quality Hydroxypropyl Cellulose for use in controlled-release formulations. Construction industry demand for the product continued to be strong, with tile adhesive and cement additive producers sustaining steady procurement levels. Food and personal care markets also provided steady consumption, especially in food thickeners and cosmetics.