As per ChemAnalyst, in first half of June xxxx, Phenoxyethanol prices in India continued to rise, up by a small margin after a slight increase in May. This Phenoxyethanol price rise was mainly due to supply constraints, rising feedstock prices and demand from downstream industries such as cosmetics, skincare and personal care. Domestic production was below optimal levels due to reduced manufacturing activity, keeping inventories tight in the market.
In May xxxx, Phenoxyethanol prices in the Indian market stood at USD xxxx per metric ton, EX Mumbai, reflecting a month-on-month increase of x.xxx.
In May, multiple factors had already set the stage for Phenoxyethanol price increases. One of the main factors was rising Phenol prices, Phenoxyethanol&#xx;s primary feedstock, demonstrating domestic production cost rises for Phenoxyethanol. In addition, India experiencing a decline in manufacturing activity, falling to a three-month low in...
