US–Venezuela Frictions Altered Crude Oil Outlook: Affects Sentiment of Asian Resorcinol Exports

US–Venezuela Frictions Altered Crude Oil Outlook: Affects Sentiment of Asian Resorcinol Exports

Lev Tolstoy 05-Jan-2026

The prices of Resorcinol in the export markets of Asian region has observed a slight decline in early January of 2026. The prices of Resorcinol was in decline across the global chemical value chains. The geopolitical development between the United States and Venezuela has started to reshape the sentiment of Resorcinol market. The conflict has brought crude oil into focus as the downstream market participants have reassessed risk premiums and future supply security. The prices of crude oil was under pressure due to earlier comfortable supply environment. The geopolitical stress has created an uncertainty in the downstream markets which were earlier stable and steady. The Resorcinol is a downstream aromatic chemical which is related to petrochemical cost structures. The export markets in Asia like Japan and China have entered in January with cautious price adjustments that was the result of softness in the procurement behaviour of crude oil. The escalated tensions between the US and Venezuela have begun to affect the forward strategies.

The prices of Resorcinol in the export markets of Asian region have observed a slight decline in early January of xxxx. The export markets were on a downward trend before the escalation of the conflict. The crude oil prices were soft and the buyers have managed their inventories with disciplined. The Crude oil prices were in a downside that eased the downstream markets of petrochemical derivatives. The suppliers of Resorcinol have adopted a flexible price strategy. The buyers across the resin, rubber chemical and specialty intermediates have maintained a steady but conservative procurement. The procurers have relied on the inventory covers that were built in the end of xxxx. The market environment before the conflict has encouraged the suppliers in Japan and China to prioritize volume movement over the price firmness which resulted in a mild downward adjustment at the start of January. The markets of Resorcinol were...

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Resorcinol

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