Demand of Monochloroacetic acid online - PowerPoint PPT Presentation

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Demand of Monochloroacetic acid online

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In contrast to the last quarter of 2022, Monochloroacetic Acid showed positive market sentiments in North America during Q2 2022. A shot up in the upstream crude value has impacted the feedstock Acetic acid and Acetic anhydride prices, which further kept the prices of Monochloroacetic Acid in an upward trend. In addition, Increased demand from the downstream derivative Sodium Mono Chloroacetate and Ethyl Acetate market further increased regional market prices. Moreover, limited supply and surging demand coupled with concerns over sky-high inflation took Monochloroacetic Acid price to new highs in the USA market. Additionally, major raw material Acetic Acid manufacturers had announced force majeure. Firstly, Celanese announced force majeures on Acetic Acid and VAM production. – PowerPoint PPT presentation

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Title: Demand of Monochloroacetic acid online


1
Monochloroacetic Acid Price Trend and Forecast
  • In contrast to the last quarter of 2022,
    Monochloroacetic Acid showed positive market
    sentiments in North America during Q2 2022. A
    shot up in the upstream crude value has impacted
    the feedstock Acetic acid and Acetic anhydride
    prices, which further kept the prices of
    Monochloroacetic Acid in an upward trend. In
    addition, Increased demand from the downstream
    derivative Sodium Mono Chloroacetate and Ethyl
    Acetate market further increased regional market
    prices. Moreover, limited supply and surging
    demand coupled with concerns over sky-high
    inflation took Monochloroacetic Acid prices to
    new highs in the USA market. Additionally, major
    raw material Acetic Acid manufacturers had
    announced force majeure. Firstly, Celanese
    announced force majeures on Acetic Acid and VAM
    production, followed by INEOS declaration of
    force majeures while being on planned maintenance
    and failing to cater to the customer's demand.
    Hence, there was a significant disruption in the
    supply chain, resulting in a price hike of
    Monochloroacetic Acid in the USA market. Thus,
    during June, Monochloroacetic Acid price were
    around USD 1990/MT. Overall, the demand from the
    agrochemical sector, including herbicides and
    insecticides, has remained robust, as have the
    other facets for the high pricing of
    Monochloroacetic Acid across the region.  
  • https//www.chemanalyst.com/Pricing-data/monochlo
    roacetic-acid-1156

2
Find the Monochloroacetic acid prices online
3
Prices of Monochloroacetic Acid in Europe
  • In the second quarter of 2022, a shortage in the
    supply of key raw materials, Acetic acid, was
    observed across the European region, which was
    reflected in the rising prices of
    Monochloroacetic Acid in Europe. In addition,
    regional market trading activities accelerated
    with an increase in spot Monochloroacetic acid
    prices. At the same time, Germany's energy
    challenges increased with the surging
    Russia-Ukraine conflict impacting the specialty
    chemicals. Moreover, rising raw material prices
    squeezed the profit margin of primary downstream
    pharmaceutical and agrochemical manufacturers.
    Meanwhile, Surging gas prices in Europe have
    already caused some producers to seek energy
    price surcharges in their contract negotiations
    separately. Thus, Monochloroacetic Acid prices
    were nearly USD 2020/MT during June.
  • https//www.chemanalyst.com/Pricing-data/monochlor
    oacetic-acid-1156

4
Monochloroacetic acid pricing online
5
Monochloroacetic acid Supply in Global market
6
Demand of Monochloroacetic acid online
7
Price of Monochloroacetic Acid in North America
online
  • During the second quarter of 2022,
    Monochloroacetic Acid has witnessed a downward
    trajectory. The Monochloroacetic Acid market
    witnessed a fall in China due to abundant
    supplies and bearish demand. 
  • In the second quarter of 2022, a shortage in the
    supply of key raw materials, Acetic acid, was
    observed across the European region, which was
    reflected in the rising prices of
    Monochloroacetic Acid in Europe. 

8
During the second quarter of 2022,
Monochloroacetic Acid Pricing
  • During the second quarter of 2022,
    Monochloroacetic Acid pricing has witnessed a
    downward trajectory. The Monochloroacetic Acid
    market witnessed a fall in China due to abundant
    supplies and bearish demand. Low feedstock Acetic
    acid prices kept the prices of Monochloroacetic
    Acid in a downward trend. The declination has
    been attributed to the increased inventory level
    in the domestic market backed by the ramped-up
    production and reduced offtakes followed by the
    low demand from the downstream dyes and
    Agrochemical industry. Although, growth in
    China's manufacturing activity softened in June
    as export demand weakened and producers struggled
    with supply bottlenecks. In addition, new export
    orders and production declined, which has weighed
    down the prices of Monochloroacetic Acid.
    Besides, supply shortages continued to hold back
    output in the manufacturing sector. Hence,
    Monochloroacetic acid FOB Qingdao prices were
    settled at around USD 955/MT, dropping nearly
    8.6 during June.
  • https//www.chemanalyst.com/Pricing-data/monochlor
    oacetic-acid-1156

9
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