Panthenol prices in the Chinese market experienced a slight increase in July xxxx, forming a counter-response to the steep depreciation experienced in June, as per ChemAnalyst. This recovery coincides with the stabilised domestic demand, slow liquidation of carries and the relatively resistant market sentiment. Although the June price declines were due to bearish fundamentals, recent gains in procurement activity and the market outlook began to turn sentiment towards a more positive direction.
In June xxxx, the cost of Panthenol had declined immensely in China and was mainly influenced by a high inventory and decreasing prices of raw materials. One factor that heightened this trend was the relentless fall in the prices of Acetaldehyde which is an important raw ingredient in the manufacture of Panthenol. As input prices dropped in the fourth consecutive month, the margin pressure mounted on the producers. Consequently...
