Hamburg (Germany): Following a x-month-long uptrend, Monochloroacetic Acid prices ended March on a soft note in the European market, with buyers staying on the sidelines amid average derivative orders. Furthermore, limited cost support coupled with ample supply further deteriorated Monochloroacetic Acid prices across the regional market. Looking ahead, market players expect prices of Monochloroacetic Acid to increase as demand from the downstream industry is likely to improve to some extent in Qx of xxxx.
Prices of Monochloroacetic Acid decreased by USD xx/MT on a monthly basis in the German market. The feedstock prices for acetic acid and acetic anhydride remained on the lower end throughout the month, easing the overall production cost of Monochloroacetic Acid in the domestic market. This led to bearish market sentiments among manufacturers. However, crude oil prices increased during the given time frame due to tighter supply resulting from escalating conflicts...
