The resorcinol market settled into a more stable trajectory in April after a sharp price surge in March triggered by India&#xx;s anti-dumping investigation The market stability was observed in China and Japan which are major export market of resorcinol, as well as key import markets including India. This period of price stability signals a more balanced global trading environment for resorcinol.
The global resorcinol market experienced stability in April as sharp price fluctuation diminished. The significant increase in price in previous month was primarily triggered by India’s initiation of an anti-dumping investigation. Due to this resorcinol exporters in China and Japan quickly increased prices to prepare for expected shifts in market conditions. As April is advancing the investigation’s immediate influence began to diminish and resulted in restoring stability in the market.
In China the price of resorcinol was USD x,xxx per metric ton FOB Shanghai...
