For the Quarter Ending June 2023


North America:

The Beta Naphthol market in North America experienced an upward trend in the first month of Q2 2023, followed by a steady decline in the subsequent months. In April, there was a rise in demand for the product, leading to an increase in prices. The price increase was primarily influenced by a short-term shortage in spot supply. However, by the beginning of the next month, local market prices started to fall. In May, the price of beta-naphthol decreased in the North American markets. This decline can be attributed to the lower costs of raw materials, such as caustic soda, sulfuric acid, and naphthalene, which resulted in lower production costs for beta-naphthol in the domestic market. Despite modest demand from the food, preservatives, and textile industries, the availability of low-cost beta-naphthol played a crucial role in reducing overall costs. Furthermore, cheaper imports and lower commodity prices contributed to the decrease in beta-naphthol prices in June. The demand from the food and beverage and textile industries remained moderate, but the scarcity of raw materials had a significant impact on price reduction.

APAC:

In the Asia-Pacific region, the Beta Naphthol market witnessed an upward trend in the first month of Q2 2023, followed by a consistent decline in the subsequent months. During April, the demand for the product continued to grow, resulting in an increase in prices. The rise in prices was mainly driven by a temporary shortage in spot availability. However, prices began to decline in the regional markets at the start of the following month. In May, the cost of Beta Naphthol decreased in the Asian market due to accessible imports from China at a lower price. Additionally, the decrease in prices was influenced by the reduced costs of raw materials, including Caustic Soda, Sulfuric Acid, and Naphthalene, which resulted in lower production costs for Beta Naphthol in the domestic market. Despite moderate demand from the food, preservatives, and textile industries, the availability of Beta Naphthol at a lower price played a significant role in reducing overall costs. Furthermore, the price of Beta Naphthol declined in June due to the availability of cheaper imports and declining feedstock prices. Although the demand from the food and beverages and textile industries remained moderate, the low-cost availability of raw materials contributed to a notable decrease in prices.

Get Real Time Prices of Beta Naphthol: https://www.chemanalyst.com/Pricing-data/beta-naphthol-1451

Europe:

The Beta Naphthol market in Europe experienced an increase in the first month of Q2 2023, followed by a gradual decrease in the subsequent months. In April, the demand for the product continued to rise, leading to an increase in prices. The price increase was primarily driven by short-term spot supply shortages. However, as the quarter progressed, local market prices started to decline. In May, there was a decrease in prices in the European markets. The decrease can be attributed to cheaper imports and declining feedstock prices. In June, the price further decreased due to lower costs of caustic soda, sulfuric acid, and naphthalene. These lower production costs in the domestic market contributed to an overall decrease in costs. The demand from the food and beverages and textile industries remained moderate. However, the availability of the product at a lower cost played a significant role in reducing overall costs. While the demand from the textile industry was modest, the scarcity of raw materials significantly impacted the overall costs of the product.





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