Increasing Erucic Acid prices in Europe amid firm demand and escalating production costs

Increasing Erucic Acid prices in Europe amid firm demand and escalating production costs

Kim Chul Son 11-Apr-2024

The Erucic Acid price trend shifted and showcased bullish movement in the European region as suppliers raised the quotations by x.xx during March xxxx. The availability of stocks was moderately low in the market due to limited feedstock supplies and affliction in operating rates at manufacturing units. Sources indicated that the Eurozone&#xx;s Manufacturing Purchasing Manager&#xx;s Index declined again in March xxxx and remained below xx, indicating a further slowdown in manufacturing sector activities. Amidst these challenges, demand for Erucic Acid remained firm from buyers amid the reduction in the Eurozone&#xx;s monthly inflation rate by x.xx in March xxxx compared to the previous month. Sources also indicated that new orders in the European region witnessed improvement in March xxxx compared to the preceding month. Despite increased prices, Erucic Acid demand remained steady for downstream end products in the domestic market. The recent diversification in the apparel industry kept inquiries...

We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.