The prices of Naphthalene witnessed a trend of stabilization in the fourth week of May xxxx. The stability in the prices was driven by strategic procurement of Naphthalene amid stable demand from downstream sectors. The demand from Phthalic anhydride production sector and construction sector was tepid and average which reflected to overall flat market trend.
While previous week witnessed a slight positive momentum, the momentum was short lived and stabilized in the fourth week. The market sentiments witnessed a wait and see approach which supported the current market trend. The prices were stabilized at USD xxxx/MT CFR Houston.
The manufacturers in major exporting countries opted a wait and see approach, leading to a controlled output environment amid the tepid demand. While the crude oil prices witnessed a fairly volatile environment amid the tariff uncertainties leading to a volatile feedstock market. Despite the...
