The global market of Resorcinol has recorded a cautious and subdued performance through most of the May xxxx. The prices in export and import markets have reflected either a stable or a softened price trend. The pharmaceutical-grade Resorcinol has faced downward pressure as its core feedstock; Benzene has witnessed a significant decline in international markets. This sharp drop in Benzene costs has reduced the production costs for Resorcinol and prompted suppliers in key exporting regions to adjust their pricing strategies.
The downstream pharmaceuticals and nutraceuticals sectors have observed muted demand levels and further restricted upward price movements. The market participants on both the supply and demand sides cautiously realigned their procurement and inventory management tactics while waiting for clearer market signals before committing to substantial transactions.
The prices of Resorcinol have exhibited declines and marginal fluctuations...
