North America
As per the data, Beta Naphthol Prices witnessed a falling price trend throughout the fourth quarter of 2022, owing to easing feedstock prices amidst moderate demand fundamentals from the domestic downstream sectors. Demand for the product from the downstream market remained moderate to low, varying with the performance of different industries. The feedstock Caustic Soda prices showcased a marginal rise during October but could not affect the prices of Beta Naphthol in the US market. However, during the rest of the quarter, Caustic Soda as well as Naphthalene, both feedstock prices, sustained a downtrend and supported the downward price momentum for Beta Naphthol in the USA.

Asia
Ongoing disturbances in exporting nations and cheaper imports led to a steep and consistent fall in prices of Beta Naphthol during Q4 2022 in the Asian market. Falling raw material Naphthalene Prices has also affected the price trend in the Chinese market, upsetting the pricing dynamics of foremost importing nations like India. Supplies of the product remained stable throughout this timeframe while rising uncertainties in the Chinese market compelled traders to destock their inventories. Thus, traders heard about offering discounts on spot purchases in order to induce offtakes by niche buyers. Furthermore, under the influence of the global economic slowdown, Beta Naphthol prices have negatively revised for the overseas market.

Europe
European markets were concerned with the uncertain market outlook for energy prices which was the major driving factor in skyrocketing commodities’ prices last year in the region. However, during this quarter, the smooth flow of natural gas and ample product availability did not let the price of Beta Naphthol rise in the market. Furthermore, prolonged inflationary pressure has already dampened the economic growth of the region, and Europe is nearing the edge of recession. Consequently, demand fundamentals were observed to be dull throughout the quarter for Beta Naphthol, which led to a consistent fall in its prices.

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