Benzalkonium Chloride Prices Trend, Monitor, News, Analytics and Forecast | ChemAnalyst
Benzalkonium Chloride Prices Trend, Monitor, News, Analytics and Forecast | ChemAnalyst
North America faced challenges in the Benzalkonium Chloride (BAC) market during the fourth quarter of 2023. The region saw a decline in demand due to ongoing inflation and historically high interest rates, impacting consumer confidence and purchasing power. Despite moderate to high availability supported by cheaper imports and sufficient inventories, limited supply persisted due to decreased imports from key markets. Market sentiment was unstable, marked by a bearish trend driven by economic concerns and rising inflation's impact on consumer prices. In the United States, the largest market, Benzalkonium Chloride prices experienced fluctuations influenced by factors like consumer spending, interest rates, and supply availability. However, seasonal illnesses typically lead to increased demand for disinfectants containing BAC during colder months. The current quarter's price of Benzalkonium Chloride (BAC) 80% CFR Houston in the USA stands at USD 1880/MT.
Get Real Time Prices of Benzalkonium Chloride (BAC): https://www.chemanalyst.com/Pricing-data/benzalkonium-chloride-1535
In the APAC region, the fourth quarter of 2023 witnessed stable conditions with high demand in sectors like healthcare and food processing, despite reduced imports leading to a low to medium supply. South Korea experienced significant price changes with an upward trend in October and November due to consistent demand and restricted inventory levels, followed by a decline in December driven by lower domestic and overseas demand and adequate supply. The overall price percentage change for BAC in South Korea was -6% from the previous quarter, with a -1% comparison between the first and second halves of the quarter. The quarter-ending price of Benzalkonium Chloride (BAC) 80% CFR Busan in South Korea was USD 1755/MT.
In Europe, the fourth quarter of 2023 saw fluctuating pricing dynamics influenced by factors like increased demand from the food and healthcare sectors in October and November, driven by higher consumer spending and reduced inventories. However, a downturn in December was attributed to consumer apprehension and reduced purchasing power due to inflationary pressure. This led to a surplus of supply and declining demand, further exacerbated by declining business sentiments and efforts by the European Central Bank to curb inflation through interest rate hikes. These factors highlighted the dynamic nature of the European Benzalkonium Chloride market in the final quarter of 2023.
Get Real Time Prices of Benzalkonium Chloride (BAC): https://www.chemanalyst.com/Pricing-data/benzalkonium-chloride-1535
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